Accumulation is Still a Big Issue

Read any industry publication and the buzz is about “retirement income” solutions. The choices include variable annuities offering a range of different living benefits, target date mutual funds, and payout mutual funds, all designed to generate income during retirement years. But with all the hype, here’s a statistic that’s clearly been overlooked: the median baby boomer is 51 years old. That’s at least 14 years away from retirement, which means accumulation is still a big issue for more than half of the 77 million boomers, as well as the younger generations following them. And in this era of do-it-yourself planning and a failing retirement safety net, experts agree that most Americans need to save more.

Accumulation is Still a Big Issue
Source: Life Insurance Selling