9 Reasons Annuity Regulation Needs a Revamp
July 20, 2021 by Harry Stout
America’s retirement crisis is just starting to rear its ugly head. Realization is beginning to set in for consumers aged 55 and older that they have not saved enough to sustain their standard of living in retirement. In fact, with Peak 65 coming in 2024, many are lobbying Congress to substantially increase minimum Social Security retirement benefits as the current payouts are not sufficient. The day of financial reckoning for many older Americans reaching their 60s is coming. They don’t have sufficient lifetime income to pay their bills.