Study shows retiring farmers face declining standard of living

Robinson, Elton
July 2005
Southeast Farm Press;7/6/2005, Vol. 32 Issue 17, p25
Trade Publication
The article reports that United States' farmers are at a higher risk of experiencing declining standards of living in retirement. The study recommends that policymakers encourage investments in retirement vehicles that provide steady income that cannot be outlived, such as lifetime annuities, to complement Social Security. They plan to use these assets, along with Social Security and income generated by the sale of their farm asset, to support themselves during retirement. Now they need to convert these assets into an income stream they can live on the rest of their lives.


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