For households of Americans age 55 and older, LIMRA projects that investible retirement assets will nearly double by 2020, rising to $22 trillion from the estimated $12 trillion in 2010. The projection is based on estimates from U.S. Census Bureau data. One implication, according to LIMRA: two-thirds, or nearly $15 trillion, will be looking for retirement income products.
These findings and others about the retirement income market can be found in LIMRA’s “Retirement Income Reference Book” (free registration required).
