Go Back   SZONE.US Forums > Current Events > News > Personal Liberty

Personal Liberty Bob Livingston provides you with a conservative, Christian view on life. Helping you live free in an unfree world. Delivering news on improving you health, boosting your wealth, and protecting your civil liberties."

Personal Liberty

Annuities boost retirement security, poll says

Thread Tools Search this Thread Rate Thread
Unread 09.24.09, 04:22 PM
@PersonalLiberty @PersonalLiberty is offline
Senior Member
Join Date: 05.09
Posts: 21,855
Annuities boost retirement security, poll says

09.21.09 06:29 PM

According to a new Gallup survey, non-qualified annuities significantly increase the retirement security of middle-class Americans, and those whose portfolios include them have expressed greater financial confidence during the current recession.

Non-qualified annuities are purchased by investors individually, rather than through a qualified employer-sponsored retirement plan or individual retirement arrangement.

The study, conducted in conjunction with the Committee of Annuity Insurers (CAI), found that although many Americans believe they are not financially ready for retirement, a total of 91 percent of non-qualified annuity owners believe they have done a very good job of saving for old age.

In addition, nearly 79 percent say that annuities are safe and make them feel more secure in times of financial uncertainty.

"This survey demonstrates that these Americans consider their annuities the answer to both sides of the fundamental retirement challenge – a method to accumulate retirement savings and a vehicle to turn their savings into a steady retirement income stream that cannot be outlived," says Deborah Winston of the CAI.

The background to the survey specifies that 80 percent of non-qualified annuity owners have annual household incomes below $100,000. They are also more likely to be female (58 percent) than male (42 percent).

Reply With Quote

annuities, boost, poll, retirement, security
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Rate This Thread
Rate This Thread:

All times are GMT -8. The time now is 04:21 AM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright 2007 - 20017 SZONE.US All rights reserved