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The reality is most Americans have not met their retirement goals. Here are some findings from a recent Fidelity Investments Retirement Mindset Study which surveyed adults of all ages, both male and female. Eighty-two percent of the general population don\u2019t have a retirement plan in place.

It\u2019s not as if Americans aren\u2019t worried about retirement. They are. Seventy-five percent feel only somewhat confident to not confident at all about their retirement finances.

What worries people the most about retirement? Economic concerns that can\u2019t be predicted and are out of their control. The next big unpredictable area of concern is Social Security benefits. The third is inflation.

Needless to say, the biggest personal worry is outliving their assets.

We want to change this dynamic starting right now. And we have the right guest to help us. Kim Lankford is an award-winning personal finance journalist, now working freelance. She was a long time contributing editor and columnist for Kiplinger\u2019s. One of the first steps she recommends to plan for retirement or manage it is to understand our monthly cash flows.

WEALTHTRACK #1634 broadcast on Feburary 21, 2020.

Episode web page: https://wealthtrack.com/filling-in-the-retirement-income-gap-with-insurance-expert-kim-lankford/

Fidelity Investments Retirement Mindset Study: https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/fidelity/retirement-mindset-fact-sheet.pdf

Investopedia \u2013 Guide to Annuities: https://www.investopedia.com/terms/a/annuity.asp

Insured Retirement Institute - Glossary of Annuity Product Terms: https://irionline.org/research-and-education/educational-resources/annuities-glossary