hand using letter cubes to spell out annuity (Photo: Shutterstock)

A new survey suggests that many Registered Investment Advisors (RIAs) may be relying on increasingly outdated methods to protect their clients’ retirement portfolios — even as the vast majority of Americans are worried about outliving their savings.

The “2022 RIA Protected Accumulation + Retirement Income Survey” from RetireOne® and Midland National Life Insurance Company was released Wednesday and reveals the opinions of 197 financial advisors polled in May and June. The results reveal that 82% of RIAs agree that clients are concerned about their retirement funds, and 64% agree that clients are concerned about retiring on time.

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