Retirees are faced with many questions: Where will their income come from? How much income will there be? How long will the income last? How long will they live? What will the markets do? How much can they safely withdraw each year?
Key findings from the 2018 LIMRA Secure Retirement Institute study include the following:
The 2018 LIMRA Secure Retirement Institute study finds retiree annuity owners feel more confident that they are more likely to afford their preferred retirement lifestyles - even if they live to age 90 or older - than retirees who do not own an annuity.
The study found nearly 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, compared with 57 percent of retirees who don’t own an annuity
You can read the full 2018 LIMRA Secure Retirement Institute study here.
Retirees Who Own An Annuity Are More Confident. Limra.com. https://www.limra.com/Posts/PR/Industry_Trends_Blog/Retirees_Who_Own_An_Annuity_Are_More_Confident.aspx. Published February 20, 2018. Accessed November 16, 2018.
The information presented here is for informational purposes only and constitutes neither an offer nor a recommendation to buy any product referenced herein. Variable annuities are long-term investments suitable for retirement funding and are subject to market fluctuations and investment risk, including possibility of loss of principal. Annuities generally contain fees and charges including mortality and expense risk charges, sales and surrender charges, administrative fees, charges for optional benefits and riders, and annual contract fees. Annuity guarantees, including those associated with benefit riders, are subject to the claims-paying ability of the insurance company. It is important to weigh the costs against the benefits when considering an annuity contract. Therefore, the information presented here should be coordinated with individual, professional advice.
If you would like to have a discussion regarding annuities, please contact us.