Most big financial services product and advice providers emphasize the importance of holistic planning.
But, when Lincoln Financial commissioned a survey of 1,003 U.S. adults in July, it found evidence that the advice many U.S. retirement savers get is more hole-full than holistic.
Some of the participants were ages 55 or old and said they had investment advisors, life insurance agents or other financial professionals.
Perhaps some of the financial professionals focused mainly on horoscopes or aura readings. They did not all seem to address retirement planning basics.
For Lincoln analysts, one takeaway was that many old retirement savers received little or no advice about long-term care planning. But there were also plenty of other planning gaps.
For a look at what the survey participants said they did talk about with their financial professionals in depth, some or not at all, see the gallery accompanying this article.
Credit: Shutterstock
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.