A Disconnect in Views on Retirement
By Keith Eig
There's a disconnect in views on retirement. TIAA-CREF recently conducted a survey* and found that:
- If you are like most Americans (84%), you want a guaranteed income in retirement.
- If you are like most Americans (72%), you have a less than favorable impression about annuities.
- Also, nearly half of Americans (46%) fear exhausting their savings in retirement but 65% of Americans are not familiar with annuities.
Other surveys show that Americans are not prepared for retirement but for those of you who have been saving and planning, it may be wise to familiarize yourself with the benefits an annuity may offer.
To learn more about annuities and if it's a good option for you, give us a call.
*Source: Retirement Preparedness Survey conducted by TIAA-Cref, April 2014