NAIC launches retirement security initiative
April 4, 2016 by Kristen Beckman
The National Association of Insurance Commissioners launched a retirement security initiative focused on education, consumer protection and product innovation.
NAIC President and Missouri Insurance Director John M. Huff announced the initiative during opening remarks at the association’s spring national meeting in New Orleans.
“Baby boomers are retiring at a rate of 10,000 per day, and the blessing of increased longevity means older Americans will be spending increasingly longer amounts of time without a paycheck,” said Huff. “Too many Americans have no money — as in zero — saved for retirement. Among baby boomers alone, four out of 10 have no retirement savings. The economic, political and public policy challenge this reality creates is enormous.” Click HERE to read more…
