Adequately planning for retirement is a concern of both parents and adult-aged children. But a new survey by the Indexed Annuity Leadership Council finds that adults don't want to talk to their children about it.
The Survey on Generational Retirement Perspectives found that more than a third of adults (36 percent) say they never talk to their unretired parents about retirement plans. Similarly, a third (34 percent) of parents talk to their adult children (18+) about their financial retirement plans once a year or less.
"Actively taking control of your financial future can provide peace of mind for you and your family members," Wendy Waugaman, CEO and President of American Equity, said in a statement. "Families that engage in an open dialogue about retirement and retirement planning are taking the first step towards taking control."
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