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 (18,881)
  • Industry Conferences (5)
  • Industry Job Openings (4)
  • Moore on the Market (252)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (704)
  • Wink's Articles (287)
  • Wink's Inside Story (261)
  • Wink's Press Releases (107)
  • Blog Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • 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
  • Four out of Five Americans Cite Inflation and Recession Anxieties as Top Retirement Income Concerns

    July 12, 2022 by Alliance for Lifetime Income

    WASHINGTONJuly 11, 2022 /PRNewswire/ — As high inflation persists into the second half of the year, most Americans ages 45 to 75 are worried about the dual risks of high inflation reducing spending power in retirement (81%) or a recession driving the economy down and impacting retirement income (79%). That anxiety is manifesting in real-world behavior as six out of 10 consumers (60%) reported reducing their spending because of inflation.

    The corollary study of financial professionals revealed registered investment advisors and broker-dealers are even more concerned than consumers about inflation, market volatility and chances of a recession. Their concerns include:

    • Increasing inflation reducing retirees spending power (92% vs. 81% of consumers)
    • Stock and bond market trends reducing retirees’ potential retirement income (87% vs. 68% of consumers)
    • Recession driving the economy down and impacting retirement income (84% vs. 79% of consumers)

    The third Protected Retirement Income and Planning Study from the Alliance for Lifetime Income and CANNEX, released today, is a survey of both individuals and financial professionals, designed to better understand and forecast retirement income trends.

    “The chasm between consumers and financial professionals when it comes to protecting and spending money in retirement continues to confound in this latest survey,” said Jean Statler, CEO of the Alliance for Lifetime Income. “Against the backdrop of record inflation, a bear market and global economic uncertainty, the misalignment in what financial professionals are relying on to create retirement income, and what clients are looking for, is a problem. Ninety-two percent of financial professionals are worried about inflation reducing client spending power, and so it’s good that many of them have changed their retirement planning approach this past year. But for those financial professionals who tell their clients to simply ride out the risks and are not considering protected income options like annuities, don’t be surprised if you find them going elsewhere for advice.”

    Nearly four out of five financial professionals (78%) have changed their approach to retirement planning in the last year. This significant shift is largely in response to inflation—cited by 82 percent as a factor in the decision to make a change, compared to roughly half who cited other top factors, including bond returns (52%) and interest rates (48%).

    “Last year’s study saw nearly two-thirds of financial professionals (65%) changing their approach to retirement planning,” added Gary Baker, President of CANNEX USA. “Fast forward to today and we see that this trend has accelerated, with a third of financial professionals more likely to recommend an annuity due to the current climate of rising interest rates, inflation and growing anxiety. Our data shows that clients are searching for an alternative to traditional asset allocation strategies, and we’re encouraged to see advisors responding to that demand.”

    Anyone interested in learning more about the role of protected income in a retirement portfolio—and how to acquire it—should visit www.protectedincome.org for free educational resources and interactive tools. Financial professionals looking to understand how the certainty of annuities can give your clients peace of mind during uncertain times, are encouraged to utilize the Alliance’s dedicated resource center at resources.protectedincome.org.

    About the Survey

    The 2022 Protected Retirement Income and Planning Study was created by the Alliance for Lifetime Income and CANNEX. It was conducted online by Artemis Strategy Group in April and May 2022 among 2,025 American consumers ages 45 to 75, and 514 financial professionals who conduct retirement planning for individual clients.

    About the Alliance for Lifetime Income

    The Alliance for Lifetime Income is a non-profit 501(c)(6) educational organization based in Washington, D.C., that creates awareness and educates Americans about the value and importance of having protected lifetime income in retirement. Our vision is for a country where no American has to face the prospect of running out of money in retirement. The Alliance provides consumers and financial advisors with educational resources, interactive tools, and actionable research and insights to use in building retirement income strategies and plans. We believe focusing attention and conversations on retirement income that lasts throughout life leads to greater retirement security for millions of Americans. Learn more at www.ProtectedIncome.org

    About CANNEX

    CANNEX Financial Exchanges Ltd. supports the exchange of pricing information for annuity and bank products in North America. The firm provides financial institutions with the ability to evaluate and compare various guarantees associated with retirement savings and retirement income products. In the U.S. this includes the evaluation of annuity guarantees (Income Annuities, Variable Annuities, Indexed Annuities, and Fixed Rate Annuities) and consulting services supporting the optimization and allocation of retirement income portfolios.

    Contact: Haley Fry, Edelman

    (309) 824-7806

    Haley.Fry@edelman.com

    SOURCE Alliance for Lifetime Income

    Originally Posted at CISION PRNewswire on July 11, 2022 by Alliance for Lifetime Income.

    Categories: Industry Articles
    currency