Annuities- The Case for Wealth Preservation

Here are some alarming statistics that suggest we take a hard look at our current level of savings and our current level of wealth management and protection.  It is clear that the economic trends today lean more toward spending and less toward saving.  Employing strategies to reverse this trend is critical for most American households.


  • More than 1 in 3 American workers (36%) believe that they will retire after age 65.  Back in 1996, only 1 in 9 Americans (11%) believed they would work past age 65 when asked the same question. (source: EBRI)
  • After dropping for 26 consecutive months (10/08 through 11/10), credit card balances in the USA increased over the period  from September, 2011 through November, 2011, reaching $798 billion as of 11/30/11.  (source: Federal Reserve).
  • 64% of the money managers surveyed in the 4/25/11 issue of Barron’s believed that the US stock market would suffer a correction of at least 10% by 12/31/11.  The S&P 500 achieved its peak 2011 close of 1364 just 4 days after their predictions were published (Friday 4/29/11).  When the index closed at 1099 on 10/03/11, the S&P 500 had fallen 19.4% (source: Barron’s).   Note: The index closed at 1316 on 01/23/12, still failing to recover it’s losses of the past 9 months.
  • This one is interesting…  The number of Americans that golf on a regular basis has declined by 13% over the last 5 years (source: National Golf Foundation), indicating far less disposable income for many Americans.

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