An Alliance for Lifetime Income study finds strong evidence that households holding a greater share of wealth in guaranteed income spend more each year than retirees who hold more of their wealth in investments. https://ow.ly/sElc50SpXgw #AnnuityAwarenessMonth
Insured Retirement Institute (IRI)’s Post
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I had the privilege of presenting evidence on behalf of Your Financial Wellness before the Senate Economics References Committee. We emphasised the critical importance of financial literacy for Australians approaching retirement and highlighted the vital role financial institutions play in supporting this. With over 2.5 million Australians set to retire in the next 10 years, a comprehensive strategy is essential to ensure financial wellbeing for all. You can read my full statement to the Committee here: https://lnkd.in/gn-Fa8yw #FinancialLiteracy #RetirementPlanning #FinancialWellness
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Chief Investment Officer & Founder, ALINE WEALTH | CFA®, CRPS®, CAP®, CSRIC® | Philanthropic Legacy Builder | Client-Focused Advisor
Many affluent Americans intend to pass on their wealth but aren’t fully prepared. In fact, a recent study found that only 50% have a written plan in place, despite how important it can be. A lack of preparedness can potentially lead to eventual issues for heirs, especially with tax implications and lifestyle preservation. This is why it can be beneficial for some to enlist the assistance of a financial professional. Early, ongoing conversations with heirs can help future financial success. #WealthTransfer #WealthManagement #Wealth
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This is how high-net-worth households allocate their assets. Thanks to the Federal Reserve, we all get to learn from data on wealthy US households. Here are 5 of my key takeaways: 1/ Primary residency as % of assets goes down as wealth accumulates. 2/ Retirement funds as % of assets peaks in between $1M-$10M net worth, then declines. 3/ Stocks and mutual funds as % of assets grows as wealth accumulates. 4/ Real Estate as % of assets peaks in between $1M-$100M net worth then declines. 5/ Business Interests as % of assets grows as wealth accumulates. How does this data compare to what you expected? *** I write about money & entrepreneurship lessons in my newsletter. Join over 5,000 readers here: https://lnkd.in/gdzMfwrS Follow Dexter Zhuang for more content like this.
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Our new survey shows women (55%) are less likely to have developed a sound plan to achieve long-term financial goals than men (66%).¹ But understanding what you may be able to do could help you improve your financial situation and help you feel confident about your money. So we’ve put together some tips and resources, specifically about superannuation, that might help. Find them here: https://brnw.ch/21wI2dx ¹ Survey of 1000 Australians, carried out by Ipsos on behalf of Australian Retirement Trust, September-November 2023.
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Interesting recent survey results indicating the average American with $500k of assets expects to need upwards of $5.5m for a secure retirement AND to provide a legacy to their children. Most surveyed expect to gift assets during their lifetime, not just after death. Contact us today to see how your current plan will allow you to retire comfortably AND provide the financial legacy you want to leave. Dylan Cole, CFP® ChFC® RICP® Christina Harmon, CFP®, ChFC® Amy Lindroth
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While we can't turn back the clock, we can certainly help you shape a better financial future starting today. With only 43% of female retirees feeling financially secure, we're here to help you feel well-informed and prepared for the retirement you envision. It's never too late to take control of your financial journey. #financialadvisors #wealthmanagement #wealth #finance #women
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More women are taking control of their finances than in generations past, but a new study shows many still lack confidence in their financial planning and retirement readiness. Learn more about the results of the survey: https://bit.ly/4c8AqlQ #womeninvestors
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More women are taking control of their finances than in generations past! ...but a new study shows many still lack confidence in their financial planning and retirement readiness. Learn more about the results of the survey: https://bit.ly/4c8AqlQ #womeninvestors
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Learn about five standout steps that many wealthy families commit to every year. These can benefit almost anyone wanting to grow their wealth. Via TheStreet https://ow.ly/bhF650Qwu7i #RetirementDaily #FinancialPlanning #WealthBuilding #FinancialGoals #WealthStrategies
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For young workers who have W-2 income, it’s time to consider making annual contributions to a Roth IRA. For most children, this is a much better investment option than the traditional IRA. The child can later remove the contributions (not the earnings, just the contributions) from any Roth IRA and use that money for college or any other purpose. And if the child waits until retirement age to tap the money, this nest egg can grow into a tidy sum—and all of it is tax-free once the child is age 59 1/2.
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