Alliance for Lifetime Income

More Americans are approaching retirement age than ever before. We keep these Americans at the center of our work, research, and thought leadership. At #ALISummit24, Jean Chatzky spoke directly with some #Peak65 consumers to learn more about their retirement fears, aspirations, and current plans.

Day 2 - the (bigger) Room Where it Happens. Check out the work of the Alliance for Lifetime Income - and join the mission of helping consumers succeed. Read more here: https://lnkd.in/eWsUCKex Nick Lane Equitable Corebridge Financial Pacific Life Lincoln Financial Milliman J.P. Morgan Asset Management Franklin Templeton Macquarie Group Capital Group Prudential Financial Edward Jones LPL Financial

If you're at #ALISummit24, don't miss the chance to pick up a copy of Anne Lester's new book Your Best Financial Life! For many, saving for the future feels impossible, but Anne uses her decades of expertise to break down the financial basics anyone needs to get started.

Today is the day! We are hosting the 2024 Protected Retirement Income Summit highlighting our recent research and bringing together the biggest voices in retirement planning. Follow along online with the hashtag #ALISummit24

This week, I have the honor of representing LPL Financial at the Alliance for Lifetime Income at their ALI Protected Retirement Summit in DC. The Alliance will bring together the entire retirement ecosystem – ALI member companies, financial services firms, advisors, academics, consumer advocacy groups, policy experts, and, most importantly, consumers themselves – to discuss ideas for protecting millions of retiring Peak 65ers and the generations to come. Thanks Steve Gresham for the invite! Looking forward to the dialogue with the members of ALI: Allianz Life Corebridge Financial Capital Group Equitable Goldman Sachs Asset Management J.P. Morgan Asset Management Lincoln Financial Macquarie Group Milliman Pacific Life Prudential Financial Transamerica Franklin Templeton

There are notable gaps in the retirement income planning services financial professionals think they are providing to clients/investors and the services investors are actually reporting they receive. I cover some of these gaps in this piece for the Alliance for Lifetime Income, which leverages data from the latest Protected Retirement Income and Planning (PRIP) Study to explore. *** updated link included in a Comment below, I can't update the link in the post! *** For example, while 97% of financial professionals say they talk with their clients about how to handle RMDs, only 54% of investors working with financial professionals note discussing this with their financial professional. Additionally, while 70% of financial advisors say they frequently bring up how individuals will spend their time in retirement, only 29% of clients note their advisors frequently do this. Overall, this analysis suggests investors/retirees really, really, really want comprehensive retirement planning services, and while some/many financial professionals are providing them, it’s fewer than the portion who think they are. What’s the solution here??Advisors need to both up their game in terms of providing more retirement income planning services as well as up their knowledge (rumor has it The American College of Financial Services has courses that can help with that!). Enjoy!

The Room Where it Happens. Industry leaders focused for two full days on #retirementincome and consumers. Kudos to the Alliance for Lifetime Income and ceo Jean Statler Ken Dychtwald Nick Lane Caroline Feeney Adrian Griggs Bryan Pinsky Ken Mungan Jean Chatzky Jason Fichtner, Ph.D. Cyrus Bamji Tiffany Westover-Kernan Jon Rosborough John Kennedy

New article from McKnight's Senior Living Living highlights the most recent chapter from ALI’s PRIP study, which identified a fundamental disconnect between investors and financial professionals. Learn more about the concerning gap in what your clients want and what many financial professionals are communicating. https://lnkd.in/edhxnB-t

The latest findings from the Alliance for Lifetime Income's annual Protected Retirement Income and Planning study show significant disparities in retirement planning conversations between financial professionals and their clients. The third chapter of the 2024 study, which surveys both consumers and advisors, highlights areas where communication is falling short, particularly around protected income,?Social Security, and long-term care. Jean Statler, CEO of the Alliance for Lifetime Income, said the results of its poll covering more than 2,500 consumers, including 567 investors with over $150,000 in investable assets, "should serve as a wake-up call." “There’s a clear and concerning gap between what investors need and want versus what many financial professionals are communicating when it comes to planning for retirement,” Statler said?in a statement. Leo Almazora writing for InvestmentNews points out that a major disconnect emerged in discussions about protected income as 62 percent of financial professionals say they bring up the topic with clients, yet only 27 percent of investors agree that these conversations happen. And while nearly all investors surveyed believe protecting their retirement assets is important, only 79 percent of financial professionals share that sentiment. There's more in his post here: https://lnkd.in/gaAu5dEV #financialadvisors #retirement #clientrelations #investors #communications

Are you discussing future care when you talk to #Peak65 clients about retirement income? Our new #PRIP research highlights the importance of bringing up this topic. https://lnkd.in/gFDdnABJ