Sponsored by Transamerica
Americans are living longer, leaving them more time to enjoy retirement. However, as people are living longer, they are challenged to meet the financial obligations of a retirement that could last three decades or more That’s more difficult these days as fewer individuals can rely on regular income from employer pensions. The prevalence of defined contribution plans, such as 401(k)s, and other qualified retirement savings plans have meant individuals bear much of the responsibility for building up their retirement savings. Though powerful, these investment accounts are at the mercy of markets and can lose value when markets go down, leaving investor income uncertain.
Download this whitepaper to learn more about:
- Is retirement within reach?
- The role of retirement income tools
- Different types of annuities