This summer, in addition to singing “Everybody Needs Somebody to Love,” the Rolling Stones will be reminding fans that everybody needs somebody to help with retirement. The band is partnering with the Alliance for Lifetime Income as its sole tour sponsor. The organization will go on tour with Mick Jagger and crew with its own bus to engage concertgoers and inform them on their retirement options.
The Employee Benefits Research Institute projects that 40.6% of American households with heads between 35 and 64 years old will run out of money during retirement. The group says older people are in particularly rough shape, and the average retirement savings shortfall for those between 60 and 64 years old ranges from $12,640 per person for widowers to $15,782 for widows.
It seems the Stones want to make sure their aging fans don’t have a 19th nervous breakdown planning for retirement. The Alliance for Lifetime Income will be available this summer to help Stones fans with valuable tools and information, including its new Retirement Income Security Evaluation, or RISE, score calculator, which helps assess long-term financial security. Many retirees risk going into the red, but with an effective plan, you could paint it black all the way through retirement.
Jagger isn’t ready to retire just yet. The star says he worked hard to recover from his heart problems, which required the band to postpone the tour in March. The rescheduled tour, which began in Chicago Friday night, includes 17 shows in 15 cities. Interestingly, it appears the Stones want to spend Independence Day here in the nation’s capital (smart move), and fans from Virginia can see the band perform in D.C. at FedExField on July 3.
This could be the last time we see the band. You can’t always get what you want, but if you save for retirement, you can get what you need.
