Unlock Home Equity With Equity Elite

The Retirement Reality Today, older Americans face a great deal of uncertainty as they move through their retirement. With rising healthcare costs, a volatile stock market and ongoing mortgage and credit debt, it’s not surprising that 87% of Baby Boomers are not very confident that they will retire in a comfortable lifestyle. 1 Many are afraid that their savings accounts, investment portfolios and government benefits will not provide enough money to sustain their changing needs and financial obligations as they age.

The average couple will spend $245,000 4 on healthcare in retirement

The average length of retirement in the U.S. is 18 years 2

Only 10% of older Americans have long-term care insurance 5

Families headed by people age 65–74 owe $65,686 in debt on average 3

1 Source: Campbell, Todd. “9 Baby Boomer Retirement Facts That Will Knock Your Socks Off.” The Motley Fool, 19 Mar. 2016, www.fool.com/investing/general/2016/03/19/9-baby-boomer-retirement-facts-that-will-knock-you.aspx. 2 Source: U.S. Census Bureau. 3 Source: Go Banking Rates. (2018) “The No. 1 Cause of Financial Stress in Every State.”

4 Source: Sandra Timmermann, “Shocks and Loss in Retirement: Preventing Despair, Promoting Resilience,” Journal of Financial Service Professionals 70, No. 5 (2016). 5 Source: Susan Hoover, “Long-Term Care Insurance (LTCI): The Good, the Bad, and the Ugly,” Enterprising Investor blog, CFA Institute, September 19, 2016.

3 | Retire More Freely 1 | Re nventing R tirement Funding


Made with FlippingBook - professional solution for displaying marketing and sales documents online