Mitigating Healthcare Cost Risks For Your Clients
The risk of outliving your savings is only made worse by the prospect of old age care expenses. The majority of retirees aren’t overly concerned with the cost of treating ordinary ailments, most of that is covered by medicare over 65 anyway.
Long Life & a Portfolio to Match
Even with the COVID 19 death toll on America, the concept that "life is too short" is evolving, for people reaching retirement age. This is thanks to various breakthroughs in public health, and safety infrastructure.
The Pandemic and Participants
«Most Americans (69%) describe themselves as proactive or planners—and 64% either have a plan or have thought in detail about how to afford their desired lifestyle in retirement».
Higher Education Plan Sponsors See More Demand for Participant Investment Help
A recent study on higher education plans from Voya found 43% of plan sponsors say motivating employees to save adequately and invest wisely are the top challenges in helping their employees prepare for retirement.
Covid Has Impacted 82% of America’s Retirement Plans
According to recent data from Johns Hopkins University, at least 21 states have seen a 10% increase in the daily average for positive Covid-19 cases. This indicates that the pandemic is far from over. While the pandemic has wreaked havoc on our mental and physical health, it is also quietly reshaping how Americans will approach retirement and old age in future.
COVID impact on Retirement Savings
It feels as though there is no corner of our lives that remains unaffected by COVID-19, including retirement futures. Recent studies have shed light on how plans are faring nearly a year after the pandemic began.