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Adults remain uncertain about retirement funding, research showsPosted On Thu, January 6, 2011
More than 60 percent of Americans between the ages of 55 and 75 are unsure of whether their funds will carry them through retirement, according to a Bankers Life and Casualty Company Center for a Secure Retirement study.
Despite such uncertainty, the study found that many do not seek professional advice. Bankers Life and Casualty Company president Scott Perry says retirement planning isn't something that should be overlooked.
"Rising health and long-term care costs, the declining value of investments and an uncertain economic future all highlight the need for retirement plans that protect savings and make money last," says Perry. "The value of utilizing the resources available - whether through your own research and analysis or a professional retirement advisor - is apparent when you look at what people face today when planning for retirement."
Those who are in need of more money than they budgeted for in retirement may benefit from having a life insurance policy. The coverage not only offers a death benefit, but can be used to provide income while the policyholder is still alive.
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