Understanding retirement issues has long been a challenge for consumers. But, they are looking to financial advisers to better understand retirement issues, according to a new LIMRA survey.
Findings from the survey of 918 Americans who are either the primary financial decision-makers or share responsibility for making financial decisions indicate that more than a third of Americans trust financial advisers most to better understand retirement issues. Current retirees were more likely to say they would trust financial planners/advisers to assist them with investing retirement assets than helping generating retirement income or managing risks and expenses in retirement. Younger consumers, however, were more likely to trust family, friends and coworkers to help them better understand investing retirement assets, according to LIMRA. They are also slightly more likely to trust multiple sources of information, including their employers, financial websites and the company managing their employer-sponsored retirement plan, for some retirement issues.
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