Are You Confident About Your Retirement Plan?
How have you been preparing for your retirement? Are you taking the proper steps to have enough income for your retirement years? According to the National Association for Fixed Annuities, 73% of Baby Boomers believe they will have enough money in retirement and 53% expect to have money for basic expenses for the future.
On the other side of the coin, 55% of Americans have less than $10,000 saved for their retirement. That's why some consumers are planning for retirement by purchasing annuity products. According to LIMRA, almost 7 in 10 retirees who own an annuity are more confident their savings and investments will not run out if they live to age 90.
NAFA states that three main reasons consumers purchase annuities are:
- Supplement retirement income
- Grow retirement dollars
- Receive guaranteed lifetime income
Do you want to build retirement confidence with annuities? Click here to download NAFA's Building Retirement Confidence with Annuities flyer. If you are looking for an advisor to purchase an annuity, simply complete the form to the right, and Annuity Alliance will contact you.