An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Global Atlantic Retirement Risk Reset Study: Retirement Age Investors Attuned to Low Interest Rates, Inflation
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
New research from Global Atlantic Financial Group indicates that retirement-age investors are increasingly concerned about low interest rates and inflation's impact on their savings. The study, which surveyed 1,013 investors aged 59 to 75 with over $250,000 in assets, found that 71% believe inflation will negatively affect their retirement savings. Additionally, 46% are worried low interest rates will hinder their retirement income. Despite these concerns, 64% are now more open to seeking financial advice compared to before the pandemic, underscoring a proactive approach to retirement planning.
Positive
64% of retirement-age investors are now more open to financial advice than before the pandemic.
71% believe inflation will negatively impact their retirement savings, indicating awareness and potential for financial guidance.
Negative
46% are concerned that low interest rates will negatively impact their retirement income.
46% believe low interest rates and rising inflation will make it harder to create a sustainable income stream.
NEW YORK--(BUSINESS WIRE)--
New research from Global Atlantic Financial Group (Global Atlantic) reveals that retirement age investors are attuned to low interest rates and inflation, and open to professional financial help to navigate these economic conditions.
The survey of retirement age investors ages 59 to 75 with more than $250,000 in investable assets found more than seven out of ten (71%) believe rising inflation will negatively impact their retirement savings. Nearly half (46%) who have fixed income investments are concerned that low interest rates will impact their retirement income. In addition, 46% believe the current low interest rates, coupled with rising inflation, will make it harder to create a sustainable retirement income stream.
The “Retirement Risk Reset” study was conducted in August by Artemis Strategy Group on behalf of Global Atlantic. The study enlisted 1,013 retirement age investors with over $250,000 in investable assets to examine their views on current economic conditions and their retirement.
Nearly two-thirds (64%) of retirement age investors are more open to financial advice than before the pandemic and more than half (51%) of those who use the services of a financial professional spoke with them about the low interest rate environment.
“Those on the cusp of retirement are paying close attention to economic issues such as inflation and low interest rates, and they recognize that it might be a good time to revisit their retirement strategies,” said Paula Nelson, co-head of individual markets at Global Atlantic. “Thankfully, they are very receptive to advice from financial professionals, and our research has indicated that they are ready to have these conversations.”
The survey also revealed that concern of a Covid-19 resurgence is high among retirement age investors. Three-quarters (73%) are concerned about the impact of a resurgence on the stock market, nearly three out of five (57%) have concerns about the impact on their personal life, and over half (56%) are concerned about a negative impact on their retirement savings.
Consumers and financial professionals can visit Global Atlantic’s “Risk Reset” web page for educational resources on how to protect retirement savings from inflation, low-interest rates bond value risk and market instability.
Methodology
The Global Atlantic “Retirement Risk Reset” study is a national online study. A total of 1,013 investors between the ages of 59 to 75 with more than $250,000 in investable assets participated.
The survey was conducted by Artemis Strategy Group, a communications strategy research firm specializing in brand positioning and policy issues. The firm, headquartered in Washington D.C., provides communications research and consulting to a range of public and private sector clients.
About Global Atlantic
Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. With differentiated investment and risk management capabilities, deep client relationships, and a strong financial foundation, the company has established a track record of delivering proven, value-added solutions and long-term growth. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions. KKR’s parent company is KKR & Co. Inc. (NYSE: KKR).
Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations. These subsidiaries are not authorized to do business in New York.
What does the Global Atlantic study reveal about retirement-age investors' concerns regarding inflation and interest rates?
The study found that 71% of retirement-age investors believe rising inflation will negatively impact their retirement savings, while 46% are concerned about low interest rates affecting their retirement income.
How many retirement-age investors were surveyed in the Global Atlantic study?
The study surveyed 1,013 retirement-age investors aged 59 to 75 with over $250,000 in investable assets.
What percentage of retirement-age investors are more open to financial advice since the pandemic?
According to the study, 64% of retirement-age investors reported being more open to financial advice since the pandemic began.
What are the primary financial concerns of retirement-age investors identified in the Global Atlantic study?
The study identified concerns about the negative impacts of inflation and low interest rates on retirement savings and income.
Which parent company owns Global Atlantic Financial Group?
Global Atlantic Financial Group is a majority-owned subsidiary of KKR.
