Pre-Retirees Working with Financial Adviser More Confident

May 10, 2011 (PLANSPONSOR.com) - The majority (54%) of pre-retiree households that have a professional financial adviser feel confident they will be able to live the retirement lifestyle they choose, according to research from LIMRA.

Almost two-thirds of pre-retiree households (age 55-70) reported they do not have a professional financial adviser.   

According to a press release, LIMRA found that three times as many pre-retiree who didn’t work with a professional financial adviser felt unprepared retirement as compared to those who did.  When asked whether they felt confident that they will be able to live the retirement lifestyle they choose, 63% of these pre-retirees were not.  

“Our research is clear, those who use professional financial advisors enjoy the peace of mind that they are making the appropriate decisions to ensure they have a financially secure retirement,” said Marie Rice, corporate vice president and director of LIMRA Retirement Research, in the press release.

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