3 Ways Annuities Can Help Boomers Reduce Retirement Risk
August 20, 2019 by Craig Hawley
As 10,000 Baby Boomers a day leave the workforce behind, only 28% believe they are doing — or have done — a good job preparing for retirement. What’s more, only 25% believe they will have enough money to live in retirement, according to the Insured Retirement Institute.
Americans are living longer and healthier lives. Life expectancy has increased 30 years over the past century, and now there is a 1-in-2 chance that one member of a 65-year-old couple will live to at least age 95, according to the Society of Actuaries. But for many, reliable sources of guaranteed retirement income aren’t a given.