Annuity123 is dedicated to providing Americans with unbiased information about retirement, answering the tough questions you want to know.

With hundreds of articles on every retirement planning topic you can think of, peace of mind is just a click away.

How to Avoid Your Own Retirement Crisis

Retirement EducationAccording to a recent survey, about 56% of baby boomers and Generation X are saving enough to cover their basic retirement costs including medical expenses. On first glance, it is great to see that a majority of individuals in this age bracket of 38 and 65 are on the right track. However, it reveals that 44% are not saving enough. This percentage is especially troubling given such a large population.

Fortunately, there are a variety of actions that this 44% can take to build a solid retirement plan. Andrea Coombes recently posted an informative article called 4 Ways to Avoid Your Own Retirement Crisis which highlights 4 such actions that can have a significant impact to retirement plans. The four actions that she highlighted were:

1. Increase savings rate 1% or 2% each year

2. Work 2 extra years

3. Buy an annuity

4. Work part-time for five years

For the specifics into each of these items, please read the full article linked here.

Annuity Education | Find a Retirement Income Specialist



Leave a Reply

Your email address will not be published. Required fields are marked *