Most consumers and their advisors are aware of the havoc market volatility can have on a retirement income portfolio. Many seniors also fear outliving their retirement assets. But are they conscious of the devastating impact the prolonged low interest rate environment may have on their retirement savings?

A recent study by Prudential Financial and Ernst & Young calculated the impact of market volatility, longevity and sustained low interest rates on a hypothetical retirement portfolio of $300,000 in “Should Americans Be Insuring Their Retirement Income?”

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