Like inflation, the retirement crisis is not transitory - HECMWorld.com Skip to content
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Like inflation, the retirement crisis is not transitory

Canadian reverse mortgage prevents life insurance lapse
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If there’s one thing economic uncertainty can foster it’s an increased sense of urgency to prepare for retirement. American Advisors Group recently published the findings of their survey, Moving Forward. It found

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  1. Thanks, Shannon, for giving us a brief look at a survey taken by (or for) the largest HECM lender in the country. Do you know who actually conducted the survey and if so, whether or not the surveyor created their own questions without constraint from the lender?

    Some of the findings seem suspect.

    As a Baby Boomer I find the retirement optimism of the younger generation in AAG’s 2021 survey at odds with other surveys. For example, according to other surveys, more of the younger generations believe that Social Security benefits will NOT even be there at their retirements. Many more do not believe that promised benefits will be nearly as high as those benefits are currently projected to be when the younger generations retire. Add to that a lower rate of retirement savings and fewer and fewer new defined benefit plan participants and you have to question what makes these younger generations so optimistic about their retirements; now that would have made the findings meaningful.


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