How financial professionals help recent retirees with the new risks they face.

The transition to retirement brings financial challenges on many fronts—from market volatility in the short term, to the need for lifetime income in the long term.

As part of our Advisor Authority survey, powered by the Nationwide Retirement Institute^®, we polled recent retirees (those who retired in the last five years) to understand how they’re coping with the financial realities of retirement. While over half (55%) have regrets about how they well they’ve done in saving for retirement, many are seeking professional guidance to help them plan for a more secure financial future.

For many recent retirees, market volatility creates financial anxiety.

The early years of retirement are a critical time for new retirees, when market losses can put their long-term retirement income plans at risk.

50%

of recent retirees made changes to their retirement portfolio due to recent market turbulence.

47%

say recent market volatility has impacted the way they approach managing their retirement portfolio and withdrawing or spending down their savings in retirement.

Woman grabbing a bag of cereal in the grocery store and smiling.

Guidance is needed as recent retirees move into retirement.

Financial professionals are attuned to the challenges recent retirees face in the early years of retirement.

Among the biggest challenges recently retired clients have faced in their first two years of retirement:

of financial professional cited adjusting to not earning active income or not having employment.

of financial professionals cited anxiety related to market volatility while living off their investments.

Couple in their 60s meeting with their financial professional sitting at a desk.

Where financial professionals focus with recently retired clients.

With recent retirees facing both short and long-term risks, financial professionals are helping clients stay engaged and managing market volatility.

85%

of financial professionals say recent market conditions caused them to recommend changes to clients' decumulation strategies.

Help retired clients be ready for the challenges of a long retirement.

For clients who are adjusting to retirement, your guidance can help them feel prepared for the long term. Turn to Nationwide for resources and solutions you can use to build plans for retirement income that give your clients confidence about their financial future.

Discover how Nationwide helps you plan for clients’ retirement income needs.

Disclaimer

This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should discuss their specific situation with their financial professional.

Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, Ohio. Nationwide Retirement Institute is a division of NISC.