To say that financial advisors are being challenged like never before is an understatement. Here's what 6 financial professionals are saying now about how they're handling the needs of pre-retirees and retirees.
Retirement savers in the United States are showing they are receptive to financial advice while they struggle with fears tied to the uncertainty of inflation and market volatility, according to the new Global Retirement Reality Report (GR3) from State Street Global Advisors.
Compared with prior GR3 surveys, and potentially in response to the inflationary times, respondents' inclination to seek financial advice has doubled, according to the new report. Some specifics: 68% of Americans fear that inflation will derail their retirement plans and 33% are worried about covering major unanticipated costs during retirement, such as medical or housing expenses. Meanwhile, 68% of U.S. respondents say that they would value a retirement income solution offered by their financial advisor.
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