You can see that more and more people are delaying retirement beyond age 66. With a longevity annuity you can utilize a small portion of your nest egg to provide a guaranteed stream of income to help you retire earlier or work less as you get older.
| AllWorkers |
Ages 25-34 | Ages 35-44 | Ages 45-55 | Ages 55+ | ||||||
| 1998 |
2008 |
1998 | 2008 | 1998 | 2008 | 1998 | 2008 | 1998 | 2008 | |
| Less than 60 |
24% | 11% | 30% | 19% | 25% | 10% | 20% | 10% | 11% | 2% |
| Ages 60-64 |
25% | 21% | 20% | 21% | 23% | 18% | 29% | 24% | 38% | 22% |
| Age 65 |
25% | 24% | 25% | 25% | 25% | 29% | 23% | 23% | 22% | 18% |
| Age 66 or older |
9% | 30% | 7% | 21% | 10% | 32% | 10% | 28% | 12% | 38% |
| Never Retire |
9% | 6% | 8% | 6% | 12% | 6% | 10% | 7% | 6% | 8% |
| Don’t Know/ Refused |
85% | 7% | 10% | 6% | 5% | 5% | 8% | 7% | 10% | 11% |
Source: Employee Benefit Research Institute and Matthew Greenwald & Associates, Inc., 1998 and 2008 Retirement Confidence Surveys
