Archives for retirement

Some Highlights from the IRI (Insured Retirement Institute’s) 5th Annual Report

Here are some interesting highlights from IRI’s latest report on the “State of the Insured Retirement Industry,” published in December 2016:   The first Baby Boomers were born in 1946 and turned 70 last year. There are about 3.4 million of them. The largest wave of Boomers, approximately 33 million, were born between 1952 and 1959 and will begin to retire this year. The Pew Research Center estimates that 10,000 Baby Boomers will turn 65 every day for the next 14 years. The average pre-retiree (age 55-65) has $136,200 saved for retirement according to the “2015 Blackrock Global Investor Pulse.”
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Categories: Blog Posts.

Facts about Retirement from Shurwest. Topic: Pensions.

The shift from our rural, agrarian economy to a full-fledged Industrial Revolution began in the mid-1800s and was accelerating rapidly by the turn of the 20th century in the United States. In the beginning of our nation’s history, homesteaders or farmers might make money or barter when they produced more than they consumed. Retirement wasn’t an option…or even a concept. Most people worked the land their entire lives and had large families with lots of children to help out. With increasing populations flocking to cities to work for companies and factories—usually for one company their entire life—compensation and retirement became
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Categories: Blog Posts.

Baby Boomers and Retirement Readiness

Every year the Insurance Retirement Institute (IRI) polls American baby boomers on their views on retirement. The findings are always eye-opening and may help you support your suggestions during client conversations. To read the full study, which polled 803 adults age 52 to 68, see the link below. What we learned: Boomers are increasingly pessimistic, as these gloomy 2015 results show. For instance, economic life satisfaction dropped precipitously, especially among retirees. Many report struggling with retirement and financial issues: Only 60% of boomers have saved money for retirement, down sharply from prior years when as many as 80% had retirement
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Categories: Blog Posts.