Our Family of Companies
western & southern financial group
western & southern life
columbus life insurance company
eagle realty group
fort washington investment advisors
gerber life insurance
integrity life insurance company
lafayette life insurance company
national integrity life insurance company
touchstone investments
western & southern financial group distributors

Retirement Facts that Just Might Surprise You

Retirement Planning
Share:
Retirement Facts

Retirement Facts

WE can help you prepare for RETIREMENT.
21% of Americans are saving NONE of their annual income.
20% of Americans are saving NO MORE THAN 5% of their annual income.
BankRate.com, “Survey: 21% of working Americans aren’t saving anything at all,” Mar. 14, 2019

43% of retirees stopped working EARLIER THAN PLANNED. HEALTH and JOB LOSS were the leading reasons.
Employee Benefit Research Institute, 2019 Retirement Confidence Survey, Apr. 23, 2019

21% of MARRIED COUPLES and 45% of SINGLE SENIORS get at least 90% OF THEIR INCOME from Social Security.
Social Security Administration, Fact Sheet, 2019

A 65-year-old COUPLE in good health will need $387,000 for HEALTH-CARE COSTS for the rest of their lives.
CNBC, “Retiring this year? How much you’ll need for health-care costs,” Jul. 18, 2019

1 YEAR in a skilled nursing facility will cost OVER $134,000 by 2028 (projected average; private room).
SeniorLiving.org, Nursing Home Costs, accessed Nov. 13, 2019

Nearly 30% of Millennials DON’T EXPECT TO RETIRE and don’t save for retirement because they say doing so IS LIKE SAVING FOR A STRANGER.
CNBC, “How to save for the future when it’s uncertain,” Jul. 2, 2019

Reasons Americans DON’T SAVE for RETIREMENT:

  • I don’t make enough money.
  • I won’t need retirement savings.
  • I’m prioritizing paying down debt.
  • My job doesn’t offer a retirement plan.
  • I’m already struggling to pay my bills.

The Motley Fool, “5 Reasons Americans Aren’t Saving for Retirement Today,” Mar. 15, 2018

People who reach their mid-60s WITHOUT ENOUGH savings must either Dramatically CUT THEIR SPENDING or KEEP WORKING to survive.
The Atlantic, “This Is What Life Without Retirement Savings Looks Like,” Feb. 22, 2018

EVEN A SMALL AMOUNT Put aside EACH WEEK Can help build RETIREMENT SAVINGS. WE can help you PREPARE FOR RETIREMENT.

START NOW