How advisors can ease client fears of outliving retirement income
September 18, 2024 by Rob Burgess
Despite increased optimism about their retirement accounts, many savers reported feeling nervous about outliving their retirement income.
According to the recently released fourth annual Protected Retirement survey from the Nationwide Retirement Institute, nearly two-thirds (65%) of respondents say they are on the right track to be financially prepared for retirement. This figure rises to 71% for 22- to 34-year-olds, a 15-point increase from 2023. (The institute surveyed savers, including 2,200 plan participants and 400 participants ages 60 to 65, from July 11 to 26.)
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Wink’s Moore on the Market: “How advisors can ease client fears of outliving retirement income?”
Consider offering annuities!
As long as one has sufficient funds saved for retirement, an annuity can ease fears about running out of retirement income. -sjm
