According to a new Gallup survey, which interviewed 1,018 adults across America, the average reported retirement age has increased from age 57, where it was in 1991, to age 66. This trend of working longer and retiring later was attributed to an increased full retirement age for Social Security, a longer average life expectancy, and higher living costs and medical expenses in retirement.
There are new products that provide an income you can’t outlive, which helps not only with a longer life expectancy, but with higher and unexpected expenses that come along with longevity. Call us, we’re always here to help and would welcome the opportunity to help you in creating your ideal retirement strategy.