Fact versus fiction: Debunking 4 myths about annuities

May 24, 2016 by Tim Walsh

Last year, the Government Accountability Office (GAO) published a report on the state of retirement security in American households. According to the GAO, about half of households age 55 and older have no retirement savings.

Many are relying on Social Security for income in retirement. In fact, for those age 65 and older, Social Security makes up an average of 52 percent of household income. Consider these facts for a moment and now add this to the mix:

• The average American household has $15,355 in credit card debt.
• The average household has $47,712 in student loans, $26,530 in auto loans and $165,892 in mortgages.

Click HERE to read more….

Originally Posted at Lifehealthpro on May 20, 2016 by Tim Walsh.