The concern about running out of money during retirement, is a genuine concern.
According to Forbes: Almost half of American households will run short of money in retirement…
According to the Social Security Trustees: The Social Security Fund will run out of money before 2034. Most experts believe that Social Security benefits will be reduced in 2028.
According to Harvard: 66% of all Americans who reach age 65 will at some point need long-term care for up to three years and with an average nursing home stay being $6700 a month, this could have significant consequences for people not in the top “2%”.
According to Investment News: 63% of retired Americans Worry More About Running Out of Money than Death…
According to EBRI: Over 60% of Americans who are now retired, or who will be retiring within the next 15 years, will at some point run out of money during their retirement
Inflation: The cost of goods and services in many instances, has increased by over 30% since 2022, mainly because of the National Debt ballooning to $35 Trillion Dollars, which means our buying power has been greatly diminished.
A Guaranteed Lifetime Income can virtually ensure that you won’t run out of money during retirement, if you have a knowledgeable team guiding you along the way.
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