As we celebrate women’s social, economic, cultural, and political achievements this International Women’s Day, the Indexed Annuity Leadership Council (IALC) wants to raise awareness that when it comes to savings, the gender savings gap is still huge.
Many Americans look forward to their retirement years; however, if you’re not prepared, it can also be financially stressful. When it comes to retirement, most Baby Boomers are unsure if they’ve saved enough and are concerned about running out of money. In fact, only 1 in 3 Americans is confident or extremely confident they’ll have sufficient income for retirement.1 Planning for the future can help ensure that you have enough savings to retire on.
This Valentine’s Day, join the Indexed Annuity Leadership Council (IALC) in spreading the love for fixed indexed annuities (FIAs). With the ability to grow and protect your nest egg, FIAs could be the long-term relationship you have been looking for to ensure a steady income stream during retirement.
In recent years, we have seen an uptick in the interest of fixed indexed annuities (FIAs), but there is still a lot of misunderstandings about this retirement product – down to even its most basic principles.
Let’s start with defining FIAs. These products are long-term retirement options purchased from an insurance company that guarantees principal protection, tax-deferred growth, and reliable income. If you are looking for a quick-hitting overview on FIAs, check out this animated video.
February is here — the month that celebrates love and romance and of course, Valentine’s Day. In a recent survey, Life Happens (a nonprofit life insurance organization dedicated to consumer education) found that people would much prefer their romantic partner plan for their financial future (44%) than buy them gifts (8%).1 Does this statistic surprise you?
One in five Americans has absolutely nothing saved for retirement.
That’s according to new data released in October by the Indexed Annuity Leadership Council (IALC).
Just as alarming as the number of nonexistent retirement accounts: More than half of Americans admitted they do not have a retirement plan that will carry them through their golden years. Those Americans, understandably, voice the concern that they may outlive their retirement savings.
You may already be retired or you’re just starting to plan for it; either way, this is the time for making New Year’s resolutions toward your financial goals.
Make 2018 “the year of making the right choices.” Take these five easy steps to reach your retirement goal sooner.