We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (17,254)
  • Industry Conferences (3)
  • Industry Job Openings (3)
  • Moore on the Market (184)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (638)
  • Wink's Articles (255)
  • Wink's Inside Story (227)
  • Wink's Press Releases (97)
  • Blog Archives

  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • New Survey Reveals How the Pandemic Has Impacted Trends in Retirement

    June 29, 2021 by The Indexed Annuity Leadership Council

    DES MOINES, Iowa–(BUSINESS WIRE)–The Indexed Annuity Leadership Council (IALC) today announced the launch of a survey that examines the impact of the pandemic on trends in retirement. The study found that almost a third (30%) of American workers said the pandemic delayed their plans for retirement.

    “The pandemic has impacted the way Americans are planning, saving, and living in retirement and created a financially insecure environment,” said Jim Poolman, executive director of the Indexed Annuity Leadership Council.

    Eighty-six percent of Americans who plan to retire say guaranteeing their income in retirement is important, and 42% of survey respondents said the pandemic made them more risk-averse.

    While this might indicate increased interest in products like fixed indexed annuities, or FIAs – which offer guaranteed lifetime income, market downside protection, and minimal risk in retirement – more than half of respondents (51%) said they’ve heard of a fixed indexed annuity.

    “We’ll continue to see the financial impact of the pandemic play out over the coming decades,” said Poolman. The IALC survey sought to balance pandemic-related financial impacts, and compare how those effects shifted depending on how far out respondents were from retirement.

    “The Great Recession shaped and continues to shape the financial literacy and behavior of Gen X and Millennials more than a decade later. The COVID-19 pandemic and resulting economic impact will have a similar lasting influence,” said Poolman. To illustrate, of those who report having never heard of FIAs, 23% are 18-34, 33% are 35-54, and 43% are 55+. “We may see this risk aversion among younger cohorts translate to financial behavior in the future.”

    Other top retirement trends and findings from the IALC survey include:

    • Two-fifths of Americans (40%) say their savings have increased since March 2020, whilst 17% say they have decreased. This correlates with income, as those in higher income brackets are more likely to say their savings have increased, which signifies widening financial inequalities.
    • 37% of Americans said they have had to dip into savings to cover daily expenses since the pandemic began and 15% said they have had to dip into them a lot. This is more pronounced among younger Americans, rising to 59% among those aged 18-34, and less pronounced among older Americans, dropping to 20% among those 55 years of age or older.
    • 54% of Americans would consider working part-time to supplement their retirement income. This rises to 69% among those considering retiring in the next five years and 73% among those planning to retire in five years or beyond.

    The IALC survey was sent to a nationally representative sample of approximately 2,000 participants, and data was collected in April 2021. To view full findings, click here.

    For more information about fixed indexed annuities and retirement trends, visit the IALC’s educational website, or follow on Twitter @IALCouncil.

    About the Indexed Annuity Leadership Council

    The Indexed Annuity Leadership Council (IALC) brings together a consortium of life insurance companies with a commitment to providing consumers, the media, regulators and industry professionals complete and factual information about the use of indexed annuities. Namely, that these products provide a source of guaranteed income, principal protection, and interest rate stability in retirement as well as balance to any long-term financial plan.

    Contacts

    The Indexed Annuity Leadership Council (IALC)
    Natasha Ramsammy
    ialc@fullyvested.com

    Originally Posted at Business Wire on June 23, 2021 by The Indexed Annuity Leadership Council.

    Categories: Industry Articles
    currency