LifeNet Insurance Solutions

Near-retirees are in danger of a retirement income shortfall due to inadequate savings and uncertain economic times. It is estimated that nearly half of near-retirees have less than $50,000 saved, making it difficult to provide the necessary funds to cover basic living expenses during retirement. The spread of COVID-19 has only complicated the situation further, as many individuals have seen their savings depleted and their job prospects diminish. In order to ensure a secure financial future, near retirees should strongly consider meeting with an experienced financial adviser to explore ways to maximize their retirement income. Taking action now can help protect your retirement nest egg and allow you to enjoy the golden years without worrying about how you'll make ends meet.

https://www.planadviser.com/near-retirees-may-risk-retirement-income-shortfall/

Near-Retirees May Be at Risk for Retirement Income Shortfall | PLANADVISER A DCIIA report written by industry players looks at how rising interest rates and inflation are cutting into common retirement income tactics, as well as the new tools generating interest among plan fiduciaries and sponsors.