Retirement Facts

The traditional three-legged stool of retirement income on which previous generations of Americans have relied for financial security in retirement is broken. Nearly half of the American workforce does not have an employer based retirement plan. Social Security covers less than 40 percent of preretirement earnings and for much of the past decade the personal savings rate was negative.

Annuitization can help Americans better manage their savings to last a lifetime by providing a steady stream of guaranteed income in retirement, reducing the risks that retirees will outlive their savings or face significant reductions to their standard of living and providing deserved peace of mind.