The “Silver Tsunami” is hitting its peak as 4.1 million Americans will turn 65 each year between 2024 and 2027, according to a report by the Alliance for Lifetime Income.
Following the shift from defined benefits plans to 401(k) plans, we are increasingly seeing asset managers develop collective investment trusts ("CITs") with in-plan "lifetime income" products.
Dual Trigger account option, available with all Lincoln Financial fixed indexed annuities, offers upside growth potential in up, flat or down markets with 100% downside protection
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According to the Alliance for Lifetime Income, 2024 will see the greatest surge of Americans turning 65. In fact, about 11,200 Americans are turning 65 each day. This means that more people are closer.