What You Need to Know
- We will see more automatic IRAs and 401(k)s.
- While inflation will spur people to rein in spending, it will also fall naturally as COVID continues hindering travel and entertainment.
- COVID certainly put people on notice about the uncertainty of life, but there is also interest in lifetime protected/guaranteed income.
Retirement planning covers a lot of issues, including long-term care management, income decumulation and almost everything in between.
We asked several retirement experts what they saw on the horizon for 2022 and what advisors and their clients should expect in terms of the impact of these potential changes. Those weighing in are: Wade Pfau, Carolyn McClanahan, Jamie Hopkins, Marcia Mantell, Ted Benna, David Blanchett and Moshe Milevsky.
See the gallery above for their forecasts of what advisors should expect in the retirement business next year.