The good news is that the average American is living longer and longer. The average 65-year-old retiree today can expect to live another 20 years, and there’s a 25% chance that for a couple, one spouse will live past age 95. But that poses a problem for retirement planning.
Eighty percent of American workers are expected to fall short of meeting all their financial needs in retirement according to a recent study, resulting in a growing number of Americans being forced to delay retirement because they didn’t adequately save or plan for their retirement income needs. Fifty-one percent of American households are at risk of being unable to maintain their pre-retirement standard of living in retirement, even if they work to age 65. And recent Social Security Administration calculations indicate that the Social Security system could be insolvent by 2036, potentially eliminating a key source of retirement income.
With longer life expectancies come financial challenges: Is your retirement nest egg big enough to provide a comfortable level of income for your entire life? Will you outlive your assets?
This free guide is here to help you learn more about one of the most viable nest egg protection tools available — variable annuity lifetime income benefits that provide a guaranteed income stream for life. Fill in the form to find out exactly how lifetime income benefits work, what they cost, whether they’re suitable for you, and how to find one that best fits your needs. The guide will be sent to you via email. And if you have any questions, feel free to write them into the comments field — an Annuity FYI Affiliate would be happy to answer any questions you may have.