Sixty-one percent of investors say their expectations for retirement have changed significantly in the last five years, and nearly half say their dreams for retirement have been delayed, altered, or canceled as a result of the economic conditions seen in the last five years, according to Nationwide’s ninth annual Advisor Authority survey.
Nearly half of financial advisors (48 percent) say the rising cost of living has influenced their clients to rethink or redefine their retirement planning strategies.
By the numbers: More than a third (34 percent) of advisors say their clients are drawing more funds from their retirement accounts to meet financial commitments.
- Nearly 1 in 4 (23 percent) financial advisors say their clients are liquidating assets, and 16 percent say their clients are moving in with adult children.
