Advisors should view this as an opportunity to deliver thoughtful retirement income strategies to clients and help them resist common behavioral tendencies.

More clients have opinions on retirement income than they did four years ago, consultants and advisors said.

High-cost claimants drive a large percentage of spending.

Only about one-third of employees are saving for health care expenses during retirement despite the fact that these costs continue to surge, said the report.

Employers report staging updated with state and local laws is their biggest challenge with managing disability and leave benefits.

With increasing doubts about whether they can afford to retire, where Americans choose to live during their golden years may make a big difference.

The need for long-term care services is expected to be substantial for people over age 65.

The fact that HR professionals often face challenges applying financial wellbeing benefits to their own lives highlights the emotional and mental load HR teams carry.