IALC Q3 2016 Newsletter

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Americans’ Top Retirement Fears

This month, IALC released new data that explored Americans’ Top Retirement Fears and found Americans may not be as prepared for retirement as they need to be in today’s volatile market. More than 50 percent of Americans are afraid of outliving their income or their inability to pay for basic necessities like healthcare, but are not changing their financial lives to address their fears, according to a new survey released by the IALC.

Even with this fear, many are not taking the necessary steps to prioritize future savings over their current expenses. In fact, a quarter of Baby Boomers – the age group closest to retirement – have less than $5,000 saved for retirement and nearly one in five Americans have no idea how much they’ve saved.

When taking a closer look at exactly what Americans top retirement fears are, the IALC found they include:

  1. Outliving their income (25%)
  2. Maintaining their current lifestyle (23%)
  3. Healthcare expenses (19%)

Want to learn more about what Americans are most concerned about when it comes to their retirement? Check out the survey data here.

Get Social and Tweet It: The average retirement lasts more than 30 years—are you prepared? Learn how to have income for life @IALCouncil #fixedindexedannuities

 

Keep Up on Retirement News

Want to stay up to date on the latest retirement and Fixed Indexed Annuity news? Check out IALC’s news widget, which links to the latest retirement news. To include this widget on your website, you can find the easy download information here.

 

Debunking 12 Myths about Fixed Indexed Annuities

To mark Annuity Awareness Month this June, the Indexed Annuity Leadership Council is debunking the top 12 myths about FIAs.

Read the full blog here.

 

Summer Vacations and Retirement: Budgeting for Both

While a vacation may last a week or two, retirement may last upwards of 30 years. Neglecting to plan for a period of your life that might last nearly three decades, during which you’ll need to rely on savings, may make your golden years more difficult than you’d expect.

Read the full blog here.

 

Making The Case For Fixed Index Annuities
Nasdaq
July 6, 2016

Once you get your first job, start contributing to any retirement plans your new employer offers as soon as possible. Try to contribute at least enough to receive the full employer match if one is offered.

Read More …

The Fixed Annuity: It’s Like Buying a Pension
The Motley Fool
July 3, 2016

In the old days, many people looked forward to pension income in retirement, but few private-sector companies offer pensions any more. Thus, most of us need to rely on ourselves more than ever to provide for our retirements.There’s a good chance you’re not an annuitant with guaranteed pension income coming to you. If that’s true, and you’re wishing you could enjoy a fixed income stream in retirement, look into annuities. Investing in certain types of annuities is a lot like buying yourself a pension. It will send checks regularly your way — for the duration of the contract or the duration of your life.

Read More …

 

 Estimate your retirement living expenses or calculate your rate of return using these tools.

 

 

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