Annuities Still Unpopular as Retirement Income Strategy
December 9, 2020 by John Sullivan, Editor-In-Chief
The average American turning age 65 today can expect to live 40% longer than someone who turned 65 in 1950. Further, the number of Americans retiring every day has more than doubled over the last 20 years.
Regardless, only 7 percent of retirees and pre-retirees are counting on annuities to be an important part of their retirement portfolio, according to a new study from Principal Financial Group and the Stanford Center on Longevity.
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