401(k)s Have Turned Into ATMs For Many Americans
Survey by @The_RGA and @LIMRA reveals that annuity companies averaged 4.2 new product dev efforts in 2014. 43% were VAs. #RetireConf
— InsuranceNewsNet (@InsNewsNet) May 6, 2016
A plan for clients to use liquid savings 1st, a deferred income annuity at, age 85 on, can be better option. @LIMRA research. #RetireConf
— InsuranceNewsNet (@InsNewsNet) May 6, 2016
Only 30% of people expect to retire at 62, but 65% do, said @LIMRA reseacher Chris Moeder. How can we get people to save more? #RetireConf
— InsuranceNewsNet (@InsNewsNet) May 6, 2016
Harvard prof David Laibson kicks off day 3 of #RetireConf talking about "leakage" from retirement accts. @LIMRA pic.twitter.com/VcgBIi01zL
— InsuranceNewsNet (@InsNewsNet) May 6, 2016
401k system has "become the ATM we turn to when we need cash," says David Laibson of @Harvard. Auto enroll needed. #RetireConf
— InsuranceNewsNet (@InsNewsNet) May 6, 2016
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