LIMRA’s 2023 Retirement Investors Survey shows that ongoing guidance from financial advisors remains essential as Americans approach and enter retirement. Changes in the way retirees generate income suggest an even more important role for financial advisors in the years to come.
Although most current retirees rely primarily on guaranteed sources like Social Security and pensions for income, the survey highlights room for improvements that advisors are uniquely positioned to address. Around a quarter of retirees surveyed this year do not receive sufficient guaranteed lifetime income to cover basic living costs without tapping into their savings. Although this proportion has remained […]
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