A majority of middle-income Americans had no contact with a financial professional during the year past, according to a new report.
The Bankers Life and Casualty Company Center for a Secure Retirement reported this finding in a summary of results from CSR’s Middle-Income Retirement Preparedness Study. Focusing on pre-retirees and retirees with incomes between $25,000 and $75,000, the report was conducted by the independent research firm The Blackstone Group, New York.
More than half (51%) of individuals polled in the survey had not been contacted by retirement professional in the past 12 months, the report found. And 84% of study participants who do work with a retirement professional said that they had to initiate contact with the advisor.