Advisers Say Clients Still Confident in Ability to Retire

Despite reports that many Americans are delaying retirement, the majority of surveyed advisers said their clients’ confidence in their ability to retire remains steady.
In a survey of Ameriprise Financial advisers, 54% of respondents said their clients’ confidence in their ability to retire on schedule is remaining steady. An additional 14% reported that their clients’ confidence is increasing, according to a release of the survey results.

“While we know the economic downturn has changed the way many people envision their retirement, in our experience, those who work with a financial adviser tend to feel more financially secure,” said Craig Brimhall, vice president of retirement wealth strategies at Ameriprise Financial, in the release. “On the heels of a hard-hitting recession, it’s an especially positive sign that a majority of our advisers perceive that their clients remain confident they’ll reach this major milestone at the time they planned.”

Ameriprise Financial surveyed 1,300 of its advisers via email in November.