According to the Pew Research Center, 10,000 Baby Boomers will reach the retirement age of 65 every day until 2030. However, seniors are living longer lives than when the retirement age was set in the 1930’s.
When social security was implemented, the average life expectancy for men was 58 and 62 for women. Today, that average has risen to 76 for men and 81 for women and yet the retirement age remains at 65. The question that must be asked is will your retirement savings last throughout your retirement years?
In this video by Annuity News Now, AnnuityWatchUSA.com’s Tracy Ann Miller discusses “longevity risks” and insuring retirement income.
In this clip from Safe Money Talk Radio titled “Baby Boomer Longevity Risk and the Fixed Index Annuity,” Cathy DeWitt Dunn explains additional longevity risks and how annuities may be a good choice for your specific retirement needs.
Retirement Income Alternatives for the Baby Boomer Generation
For a more in-depth look at the baby boomer generation and how annuities work, please sign up for our free video series, “Securing Your Retirement Future.” This series is designed to help educate you on how fixed index annuities work and how you can use them as part of your retirement income planning.
You’ll also learn:
After viewing the series, please feel free to schedule an appointment to discuss your needs or call us at (866) 904-4700 if you have any questions. We look forward to hearing from you!