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The picture of retirement has changed dramatically over the past 50 years. These changes have affected how Americans save and invest for their retirement and how they spend their retirement years. Why?
- As a nation, we are living longer and healthier lives. According to the Social Security Administration, the average life expectancy of a 65-year-old is 18 years.
- According to the Social Security Administration, in 2001, Social Security benefits provided on average 38 percent of income for retirees; pensions, just 18 percent.
- Financial planners often recommend that each person needs about 70% of their pre-retirement income to live a comfortable retirement.
- The responsibility of saving for retirement has shifted from the government and corporations to individual workers themselves.
So, as more and more people rethink their retirement, they realize they'll need to supplement their Social Security payments with personal retirement savings.
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Cost-effective
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Easy to Administer
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Competitive Benefits
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Reduce Employee Turnover
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Tax Advantages
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Automatic Payroll Deduction
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Tax Advantages
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Diversified Investment Options
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Portable
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Convenient
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