However, only 35% of advisers have worked with their clients to develop formal retirement plans.
Tag: retirement outlook
For most people, saving for retirement does not become pressing until their 40s or 50s, when it may already be too late to craft a realistic retirement income planning strategy.
IRI President and CEO Cathy Weatherford says financial advisers are uniquely positioned to help Gen X effectively plan for their retirement concerns.
Seventy percent believe their advisers have a responsibility to discuss guaranteed lifetime income products with them.