I find this hard to believe, but a recent LIMRA study indicates that 56% of Americans between ages 18-34 were not contributing to any retirement plan. What’s even more staggering is that across all Americans, 49% weren’t contributing to a retirement plan.
With Social Security presently showing unfunded liabilities of more than $15.6 trillion, there are millions of individuals out there that can use your help. Those that are contributing to a retirement plan, most were using IRAs or defined contribution plans, and we all know that The Family Retirement Plan provides more benefits and less risk than defined contribution plans. Learn more about the study here.