More Older Americans Preparing For Retirement

According to a team of insurance organizations who have devoted a study specifically focused on retirement trends, many Americans who are 55 and older will have approximately $22 trillion in assets by the year 2020; this amount has increased $10 trillion since 2010. Research has shown that many older Americans are not entirely prepared financially for their retirement years, although studies suggest that more and more older Americans are striving to become more prepared for future costs. Bob Kerzner, CEO of the 2013 LIMRA Annual Conference said, “while there has been much debate on what is causing this lack of preparedness, I think we can all agree that getting better understanding on the fundamental issues undermining Americans’ financial security in the hands of decision makers is critical and would help certainly move us in the right direction.” More here