Posted over 9 years ago

America Drops 3 Places In Global Retirement Index

The 2017 Global Retirement Index shows America falling again. What does it mean for individual investors?

New data shows America declining on the world stage when it comes to quality of life in retirement. We’re now almost in the bottom half of countries ranked by the index. Why the decline? What essential financial moves should individuals be making now?

New Rankings Released

According to the 2017 Global Retirement Index, the US is down 3 places in 2017, to 17th out of 43. That puts America below Iceland, Canada, Belgium and the Czech Republic, and just above France and Israel. The rankings stem from findings of the Natixis Individual Investor Retirement Survey which surveys investors with a minimum of $100k in investable assets. It takes into account factors like happiness and confidence, prosperity, robustness of finances, and health.

The Issues & Solutions

Among the issues highlighted are Social Security recipients living below the poverty line, an unsustainable Social Security system, lower life expectancy than other countries, despite more spending per capita on healthcare, and a need for Americans to take their retirement investing into their own hands.

While the average life span in the US is now 89 years, it is lower than others abroad. Yet, it is also decades longer than most Americans have saved and invested for. Other data shows that Americans are actually retiring earlier than the expect to. This is creating a substantial gap in provision for those years This could be made dramatically worse should a new stock market correction show up, and technology take over as many jobs as anticipated.

Americans simply can’t count on the government or employer retirement plans if they want to be able to survive. Most will need far more income than they expect. Yet, only around 3% of retirement funds are really under the control of individual investors through self-directed IRAs and 401ks. What is desperately needed is defined benefit options, which offer stability, and high enough yields to truly help individuals meet their financial goals, without unnecessary risk, especially when taxes and inflation is factored in.

If this resonates with you, then investing in the NNG Capital Fund, through your self-directed retirement account is definitely worth checking out.