Older Americans’ greater fear is outlasting their savings, poll reports
Death may be disconcerting to most Americans, but the possibility of outliving one’s savings is far worse.
In a new poll of people ages 44 to 75, more than three in five (61 %) said they fear depleting their assets more than they fear dying.
Also, an overwhelming number of respondents (92%) agreed that the United States is facing a crisis in its retirement system. Among those aged 44-54, (56%) are afraid they won’t be able to cover their basic living expenses in retirement. Lastly, (36%) commented they had no idea whether their nest egg was sufficient.
Interestingly, with older adults on retirement planning that had traditional pensions through their employers were not so concerned about running out of money. The reason behind their calmness may lie in the fact that pensions are guaranteed annuity payments that can last a lifetime if that option is selected.
BUT THERE IS HOPE FOR YOU EVEN IF YOU DON’T HAVE A PENSION…
Read on…
Gone are the days of pensions, but you can fund your own retirement plan and have an income stream your family can’t outlive! You ask how?…
