04.19.22
Older Investors Blame Inflation, Low Interest Rates as They Worry About Retirement Income
by: Michael S. Fischer
Some 61%t of retirement-age investors believe that low interest rates and rising inflation will make it harder to create a retirement income stream that will last their lifetime, Global Atlantic Financial Group reported. A quarter of survey participants said they are extremely or very concerned about the effect inflation will ultimately have on their ability to live comfortably in retirement. The survey of retirement-age investors with between $250,000 and $2 million in assets and no pension also found that while 96% believe protected, guaranteed monthly income in retirement is important, only 24% said they use annuities and 23% bonds to protect their assets.
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