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From the 50's => INTO the Future..
We Have a New Vision for Seniors!


Senior Life Changes Newsletter is a proud member of the 
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You can read this Newsletter ONLINE at
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Weekly Newsletter 


Issue # 011 April 19th 2005


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In This Weekly Issue

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1  Our Weekly Sponsor
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3. Some words from Ley and Bill
4. Ask The AdMistress
5. News about Seniors and Boomers
6. Subscribers Ads
7. Subscription & Advertising Details

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3. Some words from Ley and Bill

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Welcome new subscribers, and thank you. 

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Best regards,

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4 ASK THE ADMISTRESS - CLUES 4 SUCCESS
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5. News about Seniors and Boomers

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What are the fears of most of 95% of Americans about retirement?
you'll find some interesting answers in the next article, and 
some ideas to manage your retirement. Judge for yourself.


Ley Gal and Bill Vannot

_____________________________

95 percent of Americans have financial fears about retirement
Posted At BusinessWire 

By: Deborah Tucker


RESTON, Va.--(BUSINESS WIRE)--March 28, 2005--The National
Association for Variable Annuities (NAVA) today released 
the results of a new survey,"2005 Financial Retirement 
Fears," providing new insight on the top concerns of Americans
as they approach or live in retirement.


According to the study, the overwhelming majority of Americans
-- 95 percent -- have financial concerns when it comes to 
retirement. Moreover, 42 percent of expressed fears related 
to retirement income: either that they will run out of money 
prematurely, or that they will have to downgrade their 
lifestyle in retirement.


The results of this study underscore the need for Americans to
structure their retirement plans differently today than in 
years past, which means including provisions to ensure they
will have enough retirement income to last the rest of their
lives. When used as part of a balanced retirement plan, 
annuities offer the flexibility to combine lifetime pension-like
payments with a wide range of insurance benefits to help cover
retirement expenses and ensure that retirees will never run 
out of money.


"The study provides a new perspective on how Americans think
about retirement in light of the current economic environment,
" said Mark Mackey, president and CEO of NAVA.


"It's more important than ever for Americans to start taking
personal responsibility to protect their financial and personal 
well-being, particularly with the decline of other 
income-generating vehicles such as company pensions plans.


Having an annuity as part of an individual retirement can 
help Americans ensure they will have enough income to cover 
expected retirement expenses, and goes a long way to help them
overcome their fears."



"2005 Financial Retirement Fears" Study Findings

The "2005 Financial Retirement Fears" study was designed to
quantify the financial fears that Americans most commonly 
associate with retirement readiness. In addition to concerns 
related to retirement income, 28 percent of respondents fear
that the high cost of healthcare services, such as outpatient 
care, frequent medical appointments and prescription drugs, 
can quickly drain irreplaceable retirement savings. 

Sixteen percent of respondents worry about the possible 
decline of Social Security payments.

Finally, nine percent of respondents are concerned that 
inflation will erode hard-earned retirement savings. 


Additional findings include:


-- Retirement Income-Related Fears First with Future Retirees

Future retirees worry most about retirement income-related
issues. The financial fear weighing heaviest on the minds 
of those ages 18-34 is the premature depletion of retirement 
savings. Possibly reeling from the recent bear market and
contemplating the possible changes in the Social Security 
system, 24 percent of respondents in this age group are 
afraid that their retirement assets will not last their 
lifetime. Moreover, an uncertain job market makes for an 
uncertain future. Part-time workers across all age groups 
show a heightened concern for running out of money during 
retirement, almost 40 percent more than the full-time 
workers surveyed.


In addition, middle age Americans with full-time jobs worry
about their retirement lifestyles. Thirty-seven percent 
of Americans aged 35-54 rank the inability to maintain 
their current standard of living as one of their top two
retirement fears.

-- Greatest Fear Among Educated Americans: High Healthcare 
Costs While the study revealed that a majority of Americans 
are concerned about high healthcare costs, the greatest level 
of anxiety in this regard is found among retired Americans 
with at least some level of college education. Respondents 
least worried about healthcare costs are between the ages of 
18-34, have only a high school diploma, and are employed in
part-time jobs.


-- Social Security Anxiety Ranks Low

Despite the increased attention surrounding Social Security
reform, only 16 percent of respondents are worried about 
their future Social Security payments. Americans seem to 
understand that Social Security payments will not completely
cover their retirement costs since the study shows that 
they realize the need for other sources of guaranteed income 
to help cover retirement expenses.


-- Inflation Comes in Last

Only nine percent of respondents were concerned that inflation
could negatively impact their retirement savings. The study 
shows that respondents across all age groups and demographics 
are less worried about inflation eroding the value of their
retirement assets than they are about other issues. Given 
the relatively low inflation rates in recent years, this lack 
of concern is not surprising.


Guaranteed Retirement Income -- Annuities

Allocating a portion of retirement assets in an annuity can
provide Americans with peace of mind about their financial 
futures. An annuity is a long-term retirement investment 
vehicle offering a combination of insurance benefits, 
tax-deferred savings and guaranteed lifetime income payments. 
Regardless of the rising cost of healthcare, increased 
inflation rates or possible changes to Social Security, an 
annuity can protect retirement assets against market 
volatility and ensure that retirement assets remain intact 
when needed most.

About the NAVA "2005 Financial Retirement Fears Study"

The "2005 Financial Retirement Fears Study" was conducted by
Kelton Research in January 2005 for NAVA. A broad national 
cross-section of 1001 respondents was polled via telephone 
between Jan. 21 and 23. The study has an error rate of +/- 3.1
percent.

About the National Association for Variable Annuities (NAVA)

NAVA is a non-profit trade association located in suburban
Washington D.C. NAVA provides a variety of services to the 
industry including educational forums, research and conferences 
aimed at furthering the development and understanding of fixed
and variable annuities, income annuities and variable life 
insurance. NAVA also maintains and supports an educational 
website for consumers at www.RetireOnYourTerms.com.




The source of this article is businesswire.com

Disclaimer:
In accordance with Title 17 U.S.C. Section 107, this 
material is distributed without profit for research 
and educational purposes. Senior Life Changes has no 
affiliation whatsoever with the originator of this 
article nor is Senior Life Changes endorsed or 
sponsored by the originator


Ley  Gal & Bill Vannot

____________________________

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_____________________________


Regards,

Ley Gal & Bill Vannot
mailto:info@seniorlifechanges.com

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