In today’s retirement age, Social Security and pensions are top sources of income for most retirees. However, as fears of dwindled pension funding and reduced Social Security intensify, those approaching retirement are sourcing alternative income options, says a new LIMRA Secure Retirement Institute (LIMRA SRI) report.
According to the report, 49% of pre-retirees and 32% of younger workers say their post-work life income will emerge from employer-sponsored retirement plans, individual retirement accounts (IRAs), and other savings vehicles. Four in 10 pre-retirees and over half (53%) of workers ages 40 to 54 believe their primary source of revenue will originate from […]
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