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. 3, 2019)
21% of married couples and 45% of single seniors get ate 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)
One 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 include 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 and I'm already struggling to pay my bills. (The Atlantic, "This Is What Life Without Retirement Savings Looks Like," Feb. 22, 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.
Western & Southern Life
Insurance | Retirement | Investments
©The Western and Southern Life Insurance Company, Cincinnati, Ohio, operates in DC and all states except AK, ME, MA and NY. Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except NY.
Western & Southern Life is the marketing name for The Western and Southern Life Insurance Company and Western-Southern Life Assurance Company. Each company is financially responsible for its own products and services.