08.01.23

Advisors Overlooking Peak 65 Women’s Retirement Needs?

by: Gregg Greenberg

A new study from the Alliance for Lifetime Income found that 43% of Peak 65 women, those 61 to 65 years old, with a financial professional who recommended an annuity bought one, compared to 20% of Peak 65 men. The study also revealed that 48% of Peak 65 women are interested in owning an annuity that guarantees them and/or their spouse a regular amount of lifetime income, compared to 37% of Peak 65 men. “Today, women control a third of total household assets, estimated at more than $10 trillion," said Jean Statler, CEO of the alliance. "Financial professionals who ignore the unique challenges and needs their female clients face better wake up and find ways to protect their income in retirement. Speaking from personal experience, if they don’t, those women will most likely go to another advisor who does.”

Read the full article on InvestmentNews