Did You Know?

That, as of the first quarter 2011, the combined net assets of U.S. variable annuities were valued at nearly $1.6 trillion, an 11% increase from first quarter 2010 and the highest level ever recorded?
In 2010 fixed annuity assets were valued at $659 billion a 6% increase from 2009?
That in 2010, the total average expense difference between variable annuities and mutual funds was 1.01%?
In 2011, the contribution limits range from $5,000-$6,000 for an IRA, $16,500-$22,000 for a 401(k) and $200,000 plus for a non-qualified annuity?
That the average number of funds per variable annuity contract was 50 in 2010, of which 47% of assets were invested in equities, 11% in bonds, and 20% in fixed-rate accounts?
That the guaranteed lifetime withdrawal benefit was offered on 79% of variable annuities in 2011 and was elected by 65% of contract holders?
Boomers who own annuities have a higher confidence in retirement expectations, with 92% believing they are doing a good job in preparing for retirement?

Advisors

01.10.2011

The following are key activities that an investor should consider when preparing for retirement planning:

Select a target date for when you want to retire.
Calculate how much money you need to accumulate by the time you want tot retire.
Determine your Social Security Benefits.
Don't touch your savings!
If your employer doesn't have a pension or retirement plan, ask that one be started.
Maximize your use of tax-advantaged plans, such as employer retirement plans, individual retirement accounts and annuities.
Diversify your assets.
Ask questions. Get help. Seek the assitance of a professional financial advisor.
Start now, set goals.
Monitor your retirement plan's progrss, making adjustmnets as needed.