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Global Atlantic Retirement Risk Reset Study: Retirement Age Investors Attuned to Low Interest Rates, Inflation

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Classified in:Covid-19 virus
Subject: Survey

New research from Global Atlantic Financial Group (Global Atlantic) reveals that retirement age investors are attuned to low interest rates and inflation, and open to professional financial help to navigate these economic conditions.

The survey of retirement age investors ages 59 to 75 with more than $250,000 in investable assets found more than seven out of ten (71%) believe rising inflation will negatively impact their retirement savings. Nearly half (46%) who have fixed income investments are concerned that low interest rates will impact their retirement income. In addition, 46% believe the current low interest rates, coupled with rising inflation, will make it harder to create a sustainable retirement income stream.

The “Retirement Risk Reset” study was conducted in August by Artemis Strategy Group on behalf of Global Atlantic. The study enlisted 1,013 retirement age investors with over $250,000 in investable assets to examine their views on current economic conditions and their retirement.

Nearly two-thirds (64%) of retirement age investors are more open to financial advice than before the pandemic and more than half (51%) of those who use the services of a financial professional spoke with them about the low interest rate environment.

“Those on the cusp of retirement are paying close attention to economic issues such as inflation and low interest rates, and they recognize that it might be a good time to revisit their retirement strategies,” said Paula Nelson, co-head of individual markets at Global Atlantic. “Thankfully, they are very receptive to advice from financial professionals, and our research has indicated that they are ready to have these conversations.”

The survey also revealed that concern of a Covid-19 resurgence is high among retirement age investors. Three-quarters (73%) are concerned about the impact of a resurgence on the stock market, nearly three out of five (57%) have concerns about the impact on their personal life, and over half (56%) are concerned about a negative impact on their retirement savings.

Consumers and financial professionals can visit Global Atlantic’s “Risk Reset” web page for educational resources on how to protect retirement savings from inflation, low-interest rates bond value risk and market instability.

Methodology

The Global Atlantic “Retirement Risk Reset” study is a national online study. A total of 1,013 investors between the ages of 59 to 75 with more than $250,000 in investable assets participated.

The survey was conducted by Artemis Strategy Group, a communications strategy research firm specializing in brand positioning and policy issues. The firm, headquartered in Washington D.C., provides communications research and consulting to a range of public and private sector clients.

About Global Atlantic

Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. With differentiated investment and risk management capabilities, deep client relationships, and a strong financial foundation, the company has established a track record of delivering proven, value-added solutions and long-term growth. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions. KKR’s parent company is KKR & Co. Inc. (NYSE: KKR).

Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations. These subsidiaries are not authorized to do business in New York.

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