Special Report – The Changing Face of Annuities Today
According to the U.S. Department of Treasury, as of March, 2000, Social Security covered about 38% of the income we needed for retirement. That meant we had to come up with the other 62%, either through an employer-sponsored pension program, personal savings or both. Today, just eight short years later, I feel and think you would agree. It would be great news if they covered just that same 38% and who can say with any certainty where these numbers will be in future years.
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