Policy Changes Could Derail Retirement

According to a recent survey conducted by LIMRA, more than half of retirees recently surveyed expressed concern that potential changes to Social Security and Medicare, as well as alterations to the federal tax code, could affect their ability to plan for retirement. 

• When asked about sources of retirement income, 85% of respondents collected Social Security benefits, approximately 75% had a pension, 44% maintained investments and savings accounts, and 35% had an annuity. 
• More than half of the retirees' income was used to pay living expenses. 
• Fewer than half of retirees worked with a financial advisor, and only 22% maintained a written financial plan.

Who do you know who may benefit from a conversation with a financial advisor at A&I Financial Services? (1)