Steven Rogers

Have you heard about our great insurance products?

A new study conducted by Boston College’s Center for Retirement Research states that Americans are $6.6 trillion short of what they need to fund their retirement, due in part to declines in stock and housing values. The study, based on American workers ages 32-64, used conservative assumptions including: a 3% rate of return on assets, no further cuts in pension coverage or Social Security benefits, and no increase in the age of retirement. While 3% may be appropriate for this study, most people are still thinking in terms of 5%, 6% or even 8% returns, and these may not be attainable as long-term returns with conservative investments.