Retirement Age Study

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