Took NAVA all of about three seconds to get a press release out about the need for insured retirement solutions (pretty way of saying annuities) once news of the worsening Social Security situation hit. Still, it’s hard to argue with their logic, and retirement income products with some sort of insurance wrapper are an increasing industry focus. We encourage you to check out our conference, “Solutions for a new retirement reality” in Chicago in October, where a range of experts will sound off on the topic. In the meantime, we leave you with words of wisdom from Cathy Weatherford, CEO and president of NAVA, the Association for Insured Retirement Solutions.
“This troubling news with Social Security is yet another reason why people should turn to insured retirement solutions to make their retirement goals a reality. The majority of Americans have come to trust in Social Security and we must do everything we can to ensure its solvency. However, we cannot rely on Social Security alone. The best way to ensure retirement security is by investing in insured retirement solutions.”