Annuities sellers need more innovative options to widen prospect pool, accelerate growth

Sam Friedman, Insurance research leader, Deloitte Services LP, on June 1, 2015

With 10,000 baby boomers turning 65 every day for the next 15 years,1 and the number of defined- benefit pension plans available to support them continuing to decline, the pool of prime prospects for annuities offering guaranteed lifetime income should theoretically be deepening.

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Retirement by the numbers: Do Americans prefer one or multiple advisors?

Retirement by the numbers: Do Americans prefer one or multiple advisors?

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Home equity: Can it make the difference for retirees?

Home equity: Can it make the difference for retirees?Surabhi Sheth, Real Estate research leader, Deloitte Services LP, on May 27, 2015

Many consumers may not realize that their home can play an important role when it comes to planning for a secure retirement. In the USA, home equity1 is one of the most critical creators of wealth for retirees, constituting one of the largest chunks of one’s personal financial assets.2 When people buy a home, especially their first, they rarely think of it as an investment in retirement, yet it sometimes becomes just that.

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Retirement by the numbers: Are “do-it-yourselfers” really better off?

Retirement by the numbers: Are "do-it-yourselfers" really better off?

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Retirement by the numbers: What types of investments are most popular to save for retirement?

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Overcoming the barriers to retirement security: Specific solutions to consider

Overcoming the barriers to retirement security: Specific solutions to considerSean Cunniff, Investment Management research leader, Deloitte Services LP, on May 20, 2015

What more might financial institutions and their intermediaries do to reverse the lack of retirement confidence expressed by the majority of Americans recently surveyed by Deloitte?

The Deloitte Center for Financial Services found that 55 percent of those surveyed are insecure about their retirement financing—an improvement over a similar survey two years earlier, but still far too many given the significant improvement in the economy and stock market over that period.

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Retirement by the numbers: Americans who have a formal plan feel more secure than those that do not

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Retirement by the numbers: How do feelings of security increase when consumers work with financial advisors?

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Conflicting priorities and trust in retirement planning

Conflicting priorities and trust in retirement planningVal Srinivas, Banking & Securities research leader, Deloitte Services LP, on May 13, 2015

In the previous blog post on our latest retirement study, my colleague, Sam Friedman, discussed why so many Americans do not feel secure about their retirement, citing five main barriers preventing consumers from engaging with the financial services industry and putting a formal retirement plan in place.

In this post, I want to delve into two of these barriers—conflicting priorities and lack of trust—and offer my views on how they impact individuals’ behaviors and attitudes toward retirement security.

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Retirement by the numbers: Do Americans have a formal plan?

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