A report like this from the Insurance industry (that wants you to buy their annuities)is like a report from the tobacco industry that claims we need to smoke more.
Just my opinion.
Oldplayer
I look at the stats in relationship to other trends charts as you will see congruence and speculation
Eyes open wide is great advice, thx
Currently, I get to take home a grand total of about 52 cents of every dollar earned after all the levels of government (plus my current 401K contributions) take their bite. Plus I am paying taxes on all the social security I am having confiscated.
Plus, I earn a pretty average household income. How much does the average retiree have deducted from their checks? I'm guessing that it isn't anywhere close to 48%.
Good catch. That's where stockbrokers make their money these days. Can't make it on stock trading or mutual funds, unless you've got a large clientele.
A report like this from the Insurance industry (that wants you to buy their annuities)is like a report from the tobacco industry that claims we need to smoke more.
Just my opinion.
Oldplayer
I agree doom and gloom. who can spend 100,000 a year at age 95. apparel was how much?