Why Americans Talk Themselves Out of Retirement Security
When it comes to retirement planning, 56% of Americans say guaranteed income is their top priority, according to a 2017 study by TIAA-CREF. Another 22% want to ensure their savings are safe, regardless of what happens in the market.
As pension plans continue to quickly disappear, the only other financial product capable of meeting both objectives of safety and lifetime guaranteed income* is an annuity. Yet in the TIAA-CREF survey, of those who say they yearn for safety and guaranteed income, only 13% actually own an annuity. How is it possible that so many people refuse to get what they say they want? Simple. Misunderstanding and
