Nearly 2/3 Of Investors Interested In Guaranteed Income In Retirement Plans
September 23, 2020 by Advisor Authority
Columbus, OH —September 14, 2020— As the pandemic’s impact collides with powerful systemic pressures putting more responsibility on individuals to save for retirement, Americans’ plans for retirement have been hit by the perfect storm. Roughly-three fourths of investors (72%) say the COVID-19 pandemic has had a negative impact on how long they are able to live off their current retirement savings. Nearly two-thirds of investors (63%) expect to require 20 to 30 years of income in retirement—but less than half (47%) think they can live off their savings for that long.