Ten thousand people retire every day, but do they have the financial stability to retire comfortably? Approximately 64% of U.S. households have no source of protected monthly income to fill the gap between what they will need in retirement and the income they will receive from their savings, investments, and Social Security. This has created a silent but looming “retirement income crisis” in America.
The Alliance for Lifetime Income recently launched a first-of-its-kind educational tool for consumers: The Retirement Income Security Evaluation (RISE) Score. The RISE Score is a quick, simple assessment for Americans thinking about or planning for retirement, to help them understand their retirement income risks, and the possible gap in protected lifetime income they may have.
Learn more here.