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May 15, 2006 at 03:55 PM
Although 69% of older U.S. financial decision-makers worry about the future of Social Security benefits, Social Security may be succeeding at warning those decision-makers about the importance of retirement income planning.
Researchers at New York Life Insurance Company, New York, include that topic in a study based on a recent survey of 1,002 U.S. adults ages 41 and over who help control the management of at least $100,000 in investable assets.
Only 58% of the survey participants who are still working said they had consulted with a financial advisor, but 92% of the pre-retirees said they had looked at the annual income benefit estimates in their Social Security statements.
