Welcome to the Peak 65® Zone –
A New Chapter in America's Retirement Landscape
2 minute read
Unlike older retired Baby Boomers, the majority of Peak 65’ers don’t have pensions, which used to help fill that gap left by Social Security. Our current retirement system is obsolete and it’s time for a new retirement security framework.
– Jason Fichtner, Executive Director, ALI Retirement Income Institute
America is entering a historic surge, with more than 4.1 million Americans turning 65 each year through 2027. What used to be 10,000 over the past decade is now over 11,200 every day. A concerning trend is emerging as a significant portion of the Peak 65® generation lacks sufficient protected income, putting them at risk of outliving their savings.
The landmark report by Jason Fichtner, Executive Director of the Alliance for Lifetime Income’s Retirement Income Institute, calls for a new retirement security framework. With the demise of traditional pension plans, the current system proves inadequate for Peak 65’ers, the majority of whom lack pensions to supplement protected income from Social Security.
Peak 65 Research Report | Peak 65 Press Release | Peak 65 Infographic
The goal? Protect up to two-thirds of people’s retirement income, achieved through giving Americans more choice and greater access to protected income solutions like annuities. A new Ipsos Research survey sponsored by the Alliance reveals worries about adequate retirement savings and healthcare costs among Peak 65’ers, which makes the urgency for change evident.