Risks of retirement: longevity.
Living a long and happy retirement is a dream of many – unless you run out of money. How can you make sure your savings last as long as you need them?
Retirement is risky.Inflation. Where you allocate your investments. A dip in return rates shortly after you retire. How much income you take from your savings each year in retirement. All of these factors – some you control, but most you don’t – pose risks to your retirement. Combined with the four risks we highlight throughout this site, these things can make living a long and successful retirement seem out of reach. But annuities can help, with protected income that’s guaranteed to last as long as you do.
Retirements are getting longer.Life expectancy in the U.S. climbed steadily from WWI until about 2015¹, when factors like drug overdose and suicide caused a shift in the trend². But we’re still living longer than our grandparents did, and without the pensions they had. Longer lives aren’t always healthier, though. Nearly half of retirees are forced to retire earlier than planned due to health problems.³
Plan for the unexpected.Declining health combined with the ever-increasing cost of health care accounts for a large portion of retirement expenses. You’ll need to save for whatever Medicare doesn’t cover, and consider things like home health or long-term care. Luckily, different kinds of annuities can help you combat longevity risk in different ways. And all of our annuity products can deliver you a guaranteed income stream for the rest of your long life.