Inflation, turbulent markets and uncertainty around Social Security have many Americans losing sleep over retirement. But new research shows one group is more confidence than most.
Nationwide’s latest research finds that 76% of investors with annuities expect to retire when they want, compared to just 49% of those without them. However, planned retirement ages have crept later, with respondents now targeting age 64.3, up from 63.7 in 2023.
“It’s not surprising to see annuity owners feeling confident in their ability to retire, particularly because annuities are one of the only investment products that can provide guaranteed income for life no matter how long someone lives and regardless of the economic environment,” says Rona Guymon, senior vice president of Nationwide Annuity Distribution. “This presents an opportunity for financial professionals to connect with investors who don’t currently own an annuity to see if one aligns with their financial goals and retirement plans. In any economy, and at all stages of the financial life cycle, annuities can provide protection and guaranteed income.”
Thirty one percent of investors who have never owned an annuity are now considering one, an exponential rise from 5% just two years ago.
