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.
Click HERE to read the full story via 401k Specialist
Originally Posted at 401k Specialist Mag on November 23, 2020 by John Sullivan, Editor-In-Chief.
Categories: Industry Articles