Do You Have Retirement Fears?
The top 3 retirement fears, according to data released by the IALC are as follows:
- Outliving income (25%)
- Maintaining current lifestyle (23%)
- Healthcare expenses (19%)
- 1in 4 Americans have absolutely nothing saved for retirement (24%)
- 1 in 4 Baby Boomers have less than $5,000 saved for retirement (25%)
- Nearly 1 in 5 Americans don't know how much they've saved for retirement (17%)
- Nearly half (45%) of Americans are interested in retirement products, like FIAs
- More than half of millennials (54%) have less than $5,000 saved for retirement, and
- 37% of millennials have absolutely nothing saved for retirement.
Do YOU fall into one of these categories? If so, contact Common Sense Financial Group today to find out how we can help you plan for a brighter future in retirement. |