When did stuffing money under the mattress Become a pension plan?

"When asked to respond to several statements on the state of the economy, 27% of nonretirees said the safest place right now for the money that remains after the payment of expenditure "under my mattress. "

This is what Linda Koco, Contributing Editor of AnnuityNews, wrote in the article annuities rival silver mattress, on the basis of Allianz study on the use of annuities for retirement savings. It found that the difficult economic situation is causing consumers to make difficult retirement savings choice between annuity and other pension plans, investments and money mattresses, according to the survey results.

When asked study participants to evaluate several factors related to the creation of a more secure retirement, 86 percent said "having a flow guaranteed income in retirement. " And nearly half (47 percent) of non-retired evaluated a guaranteed income stream as the top retirement need they have yet to learn to feel more secure

What they describe are the advantages of an annuity :. Guaranteed retirement income. However, only 8% said they have nonretirees annuities, according to the study.

The results of the survey confirmed that Americans want more guarantees in retirement, but simply do not know what to do to create financial security. The takeaway here is that more education is clearly needed about annuities.

additional numbers of Allianz study show a surprising retirement landscape.

• Only 18% have guarantees through a pension.
• Nearly 40% of non-retired Americans say they have no retirement or investment products of any kind.
• 30 percent of nonretirees say they have either reduced the amount they save for retirement or have stopped saving altogether.
• 26 percent say they still have no idea what they need to acquire in order to feel their retirement will be secure.
• 28 percent said, "I would be more heavily invested in annuities that I am now."
• 51 percent said the recent stock market volatility has now asked them if the retirement savings vehicles such as 401k, 403b or 457 plans are sufficient means to save for retirement.

The bottom line. If you want a safe, secure retirement a guaranteed income for life, use annuities in your planning