Adequately planning for retirement is a concern of both parents and adult-aged children. But a new survey by the Indexed Annuity Leadership Council finds that adults don't want to talk to their children about it.
The Survey on Generational Retirement Perspectives found that more than a third of adults (36 percent) say they never talk to their unretired parents about retirement plans. Similarly, a third (34 percent) of parents talk to their adult children (18+) about their financial retirement plans once a year or less.
"Actively taking control of your financial future can provide peace of mind for you and your family members," Wendy Waugaman, CEO and President of American Equity, said in a statement. "Families that engage in an open dialogue about retirement and retirement planning are taking the first step towards taking control."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
