by John Darer® CLU ChFC MSSC CeFT RSP CLTC
Nearly 50% of older Americans depend on Social Security for at least 50%-89.9% of their income, according to Retirement Income Journal which cites the April 29, 2014 AARP and the U.S.Cenus Bureau and draws from a statistical sample of over 42,000. Moreover, 23.6% rely on Social Security for 90-99.9% of their income and 14.3% rely on Social Security for 100% of their income.
A decade ago a MetLife Employee benefits study found that 48% of employees rank "outliving their savings"as their greatest retirement fear. A January 30,2008 -February 2,2008 Gallup poll revealed that such concerns are not limited to "older people". OThe Gallup poll also revealed that over 40% of 18-29 year olds and 53% of 30-64 year olds having these concerns.
Structured settlements provide safety, security and guarantees that are attractive as stable income solutions for people of all ages. Most people would like a "job" they can never be "fired" from.
For more information on structured settlements for seniors and retirees, please click here
There are other options for those seeking stable income solutions who do not qualify for structured settlements. Give me a call to chat about them if you'd like. Toll-free 888-325-8640
Last updated September 10, 2021
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