5 Stats That Retirees Should Be Aware of...

1. Less than 1 in 5 working Americans (19%) is contributing enough money on a pre-tax basis to his/her retirement accounts to realistically project that he/she will be able to retire by age 65 (source: Nyhart, Tom Totten, Craig Harrell). 


2. 52% of retirees are still making monthly payments on home mortgage debt (source: Society of Actuaries).  


3. Life expectancy at birth of Americans has increased by 10 years in the last 60 years, reaching 78.3 years today.  Thus since 1950, life expectancy at birth has increased by 2 months every year (source: Center for Disease Control).  


4. 34% of American workers age 60-69 believe that their greatest financial risk during their retirement years is a catastrophic out-of-pocket expense associated with a major health event.


5. An additional 26% of American workers feel their greatest financial risk is outliving the retirement assets they have accumulated (source: Hartford Financial Services Group).