Investment Instruments

About 67% of solo-agers are confident that a support network (such as friends, family and neighbors) will provide for them as they age.

Americans older than 75 now control an “extraordinary” amount of wealth relative to younger generations and people who were in that age bracket in past decades.

Although 56% of plan sponsors believe employees are prepared to manage finances without a paycheck in retirement, only 42% of participants feel the same.

Record-breaking third-quarter results push annual annuity sales to historic highs as investors seek stability and guaranteed income, according to LIMRA.

Although studies show that many members of this generation risk outliving their financial resources, retirement could become even more challenging as members of Generation X approach age 65.

Nearly half (46%) of respondents said they want help deciding how to invest their retirement savings — the top reason participants seek workplace financial guidance.