Senate Legislation Pleases ASR
Senate legislation that was recently introduced is drawing praise from the Americans for Secure Retirement (ARS). The legislation was introduced by Senator Pat Roberts and Senator Kent Conrad and is called The Retirement Security for Life Act, S. 1297.
Get quick answers to your annuity questions: Call 800-872-6684 (9-5 EST)
If the legislation passes, the ASR believes that it will result in Americans having more financial security in retirement. The ASR also believes that it will provide a paycheck that is guaranteed for life.
Said Bill Waldie of ASR: "This legislation is a critical component of retirement policy and we are pleased that Congress is making helping Americans secure a financially sound retirement a priority. This is an important step toward addressing the anxiety many Americans feel toward their financial outlook during retirement."
The ASR recently conducted a study that had ominous results. According to the study, more than half of middle-income Americans will outlive their available finances unless they make severe changes to their standard of living.
"With the recent economic downturn, Social Security replacing less and less of pre-retirement income, pensions on the decline and lifespan on the rise, people need access to many different retirement options," stressed Waldie.
We wanted to establish a bit of extra income. There was a good recommendation about ImmediateAnnuities.com on CNN. We also liked that we could see excellent reviews about them on Google. They were very thorough from our first inquiry to when we decided to buy our annuity from Mass Mutual. They always answered our questions promptly and followed up with the insurance company, too. We have been receiving our monthly payments since last November and couldn’t be happier. What more can we say?
We'd love to hear from you!
Please post your comment or question. It's completely safe – we never publish your email address.
There are no comments yet. Do you have any questions?