Retirees are becoming a larger part of the population while their capacity to fund retirement comfortably has been declining. The population 65 and older, which now numbers about 48 million, is expected to rise to about 73 million in 2030. Meanwhile, the portion of retirees with employer-defined benefit plans that funds them until they die has been declining and is now less than one out of every 10. Most retirees must fund their own retirement, and face the risk that their funds will turn out to...
How Retirees Can Avoid Running Out of Money: The Role of Longevity Annuities
The Huffington Post - 12 Jan 2016 05:24
Retirees are becoming a larger part of the population while their capacity to fund retirement comfortably has been declining. The population 65 and older, which now numbers about 48 million, is expected to rise to about 73 million in 2030. Meanwhile, the portion of retirees with employer-defined benefit plans that funds them until they die has been declining and is now less than one out of every 10. Most retirees must fund their own retirement, and face the risk that their funds will turn out to...
Share this Article
Recommended