How Annuities Can Help You Befriend The ‘Enemies Of Retirement’
February 6, 2023 by Scott Romine
2022 was a “year for the books” in the financial services industry, as market volatility, rising interest rates and inflation impacted all Americans. Serving a company that aims to simplify retirement planning through annuity products and financial know-how, I constantly hear about these challenges and the risks associated with planning for life after work.
Click HERE to read the full story via Forbes
Wink’s Note: My buddy Scott Romine from Jackson has the BEST stats!
He published a new piece in Forbes, and I thought I would share with you.
– Per the U.S. Census Bureau, the population of Americans ages 75 and older is projected to more than double by 2040;
– Fidelity Investments found that a 65-year-old couple retiring in 2022 is projected to spend an average of $315,000 in healthcare/ medical expenses in retirement;
– The average household nearing retirement with a 401(k) has only about $135,000 in assets;
– In the first eight months of the 2022, more than 87% of trading days for the S&P 500 experienced intraday swings of 1% or more.
YIKES!
Sounds like a great tee-up for a discussion on annuities! -sjm