SRI Study: Owning An Annuity Increases Retirement Confidence
June 15, 2021 by Staff Reports
Year after year, Secure Retirement Institute research shows that pre-retirees’ and retirees’ top concern is running out of money in retirement.
The latest SRI data suggests that retirees who own an annuity are more confident than non-owners that their savings and investments will not run out if they live to age 90 (69% versus 44%).
An annuity can create a lifetime income stream, mitigating the potential longevity and market risks consumers may face in retirement.
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Originally Posted at InsuranceNewsNet on June 7, 2021 by Staff Reports.
Categories: Industry Articles