A study commissioned by the ALI Retirement Income Institute highlights a looming retirement crisis for baby boomers, particularly those set to retire between 2024 and 2030. Many boomers are ill-prepared for retirement, with inadequate resources and significant strains expected. Social Security is also expected to change in the future, with taxes projected to cover only 75% of scheduled benefits by 2035. Economic challenges, such as inflation and rising healthcare costs, contribute to the retirement crisis. Transferring orphaned 401k accounts into fixed index annuities can provide principal protection, market-linked growth, tax-deferred growth, lifetime income options, and inflation protection. These annuities also offer death benefits, customizable payouts, and rider options. In this conversation, Deb and Laurie discuss various strategies to create a tax-free retirement. The conversation concludes with an offer for a no-cost, no-obligation financial review.

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