Talk about a golden opportunity: In a period of less than two decades, the investible retirement assets of U.S. households aged 55 and over – a group itself becoming larger and larger over the years – will nearly double, to approximately $22 trillion.
The newest numbers from LIMRA's research indicate a substantial body of retirement savings and a vast population looking for retirement investment and post-retirement income stream help.
"There is a huge opportunity for the financial services industry to help Americans identify how much income they will need in retirement, develop a plan for investing their portfolio to generate income, while continuing to grow their assets," said Jafor Iqbal, associate managing director, LIMRA Retirement Research, in a release Monday.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.