The retirement income professionals at Annuity Watch USA are excited to help residents in Detroit and the surrounding area explore strategies designed to help secure their financial futures.
Detroit, Michigan (PRWEB) July 15, 2015
Annuity Watch USA, a financial services company serving consumers nationwide, has opened a satellite office in Detroit, Michigan to help serve the retirement planning needs of retirees and pre-retirees throughout the Detroit Warren Livonia MSA. Now, Detroit area residents can enjoy personalized retirement income planning assistance in addition to access to tools and educational resources available on the AnnuityWatchUSA.com website.
The Government Accountability Office (GAO) recently reported that a husband and wife both aged 65 have approximately a 47% chance that at least one of them will live to his or her 90th birthday, and a 20% chance of living to his or her 95th birthday. As life expectancy continues to climb, outliving one’s assets has become the number one fear of many aging Americans. The fear is magnified when baby boomers consider the amount of income they will need to meet annual living and health care expenses during retirement:
– An April 2015 Insured Retirement Institute survey found that only 27 percent of baby boomers are confident they will have enough money to last throughout their retirement, down from 33 percent just four years ago.
To help make ends meet, baby boomers are the first generation in American history to see themselves working longer, retiring later, and even working part time in retirement. According to the Transamerica Center for Retirement Studies 15th Annual Transamerica Retirement Survey, when it comes to baby boomers and retirement:
– Only 15% have a written retirement strategy
– 36% expect Social Security to be their primary source of retirement income
– 65% plan to work past age 65
– 41% are proactively keeping their skills up-to-date so that they can continue to work long after retirement
“Baby boomers across the country are waking up with what I like to call the ‘oh no, what about retirement income’ moment,” said Cathy DeWitt Dunn, president and founder of the Dallas/Fort Worth-based financial services company. “They are actively seeking to learn more about their options to help take control of their retirement futures. Today, we’re excited to help residents in Detroit and the surrounding area explore strategies designed to help with their retirement income needs.”
The Annuity Watch USA Detroit office is located at 4000 Town Center, 11th Floor in Southfield, Michigan 48075 in the Southfield Town Center.
About Annuity Watch USA
Annuity Watch USA is proud to be on the forefront of innovative financial solutions for the individual investor. Using a combination of educational videos, podcasts, and timely blog posts, Annuity Watch USA provides tools and resources that help people learn more about strengthening their retirement futures through retirement income planning. Annuity Watch USA has helped thousands of people start their personal journeys towards a stronger retirement with strategies designed to protect principal, generate retirement income that can't be outlived, and eliminate market loss. Additional information on Annuity Watch USA can be found by visiting http://www.AnnuityWatchUSA.com