Americans for Secure Retirement (ASR) has suggestions on how to discuss retirement with your family. The questions they suggest you use to guide your discussion are: When am I hoping to retire?, Am I making use of an employer-sponsored retirement plan?, Am I on-track with my retirement savings?, What will my expenses be in retirement?,Where will my retirement income come from? How reliant am I on personal savings?, and How should I manage my retirement savings?
Coming up with the answers to these questions isn’t easy. It is clear that many, many Americans face challenges in preparing for a secure retirement – in particular ensuring that their savings last. ASR feels that annuities are the only product that can provide Americans with a guaranteed stream of lifetime income through retirement – a “paycheck for life” – to ensure that they will not outlive their income. To learn more about the need for guaranteed lifetime income please visit: http://www.paycheckforlife.org/.