Filed Under:Annuities, Suitability

What will save retirement?

It likely won't be the rebound in equities and housing

Will the recent rebound in the stock market and housing prices be enough to save the nest eggs of those in the workforce?

According to the Center for Retirement Research (CRR) at Boston College, it may help, but not very much. Individuals will still need to work longer and save more. In a report issued today, "Will the Rebound in Equities and Housing Save Retirement?," the CRR takes a look at the National Retirement Risk Index (NRRI) and finds that, as of 2010, even if households worked until age 65 and annuitized all of their financial assets, 53 percent were still at risk of not having enough money for retirement. 

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Nichole Morford

Nichole Morford
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