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November 07, 2014 at 06:07 AM
There are not many reports these days that paint consumers confident about their retirement preparedness. In fact, most articles on this and other news sites claim just the opposite; retirees and pre-retirees don’t have enough money for a traditional retirement.
Annuity owners, on the other hand, seem to be pretty sure about their finances in their golden years. According to a recent report from the LIMRA Secure Retirement Institute, nine out of 10 annuity owners are confident about their retirement readiness. Most confident are the households labeled as mass-affluent, or those with investable assets of $100,000 to 499,000, and affluent, or those with investable assets of $500,000 to $999,000.
LIMRA reports that 33 percent of mass-affluent households own an annuity and 38 percent of affluent households own an annuity.
