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It s All About Income Annuities as Investment Options

2. Questions I'll try to answer. Why the fuss over annuities?Retirement environment/retirement risksWhat is an annuity?Why would I want one?Who offers them?What other options do I have? Sources of retirement income (advantages

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It s All About Income Annuities as Investment Options

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    1. Its All About Income Annuities as Investment Options Patrick McCallister, AIF Vice President Wachovia Retirement Services (today) October 22, 2008

    2. 2 Questions Ill try to answer Why the fuss over annuities? Retirement environment/retirement risks What is an annuity? Why would I want one? Who offers them? What other options do I have? Sources of retirement income (advantages & disadvantages) Do I have to pick just one? Questions Speak to slideSpeak to slide

    3. 2008 Wachovia Corporation 3 The Changing Face of the Retirement Industry The Baby Boomer generation will reshape the retirement industry By 2025, 70 million baby boomers in retirement Social Security is projected to be exhausted by 20411 Fewer employees are covered by defined benefit (DB) pensions Defined Contribution (DC) plans will be the primary source of income Increasingly reliant on their own savings Boomers will live longer. A couple both aged 65 has 50 percent chance one of them will live beyond 92 25 percent chance one will live beyond 97 Need help converting savings into income that they cannot outlive 1 Fast Facts & Figures about Social Security, Social Security Administration 2005

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