Annuity ownership leads to greater confidence in retirement outcomes
By LIMRA – April 13, 2018
A LIMRA study found single retirees who own an annuity are more likely to believe they can achieve their desired lifestyle in retirement and their savings will last if they live to be 90. The study also shows single retirees who own an annuity are less likely to withdraw too much from their savings.
Annuities Up Confidence for Single Retirees
The study finds only 64% of single retirees feel confident they’ll be able to live the lifestyle they want in retirement, compared to 71% of married retirees, and 4 in 10 single retirees believe their savings won’t be enough if they live to age 90. Indeed, close to half of single women fear their savings won’t last to 90.
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