Jan/Feb 2023 RMM

81% Retirees who said they had identified financial goals. Numbers Survey: Retirees Cite Inflation as Biggest Concern IN THE UNITED States, the Employee Benefit Research Institute in spring 2022 surveyed 1,109 people ages 55 to 80 to better understand retirement habits and plans. The goal was to look at who creates a financial plan and who uses financial advisers, as well as to examine priorities, spending concerns and financial worries before and after. Here is a look at some of what the survey found. SOURCE: https://www.ebri.org/docs/default-source/ebri-issue-brief/ebri_ib_561_retrefl-16june22.pdf 42% Those who said they had identified goals and had a written plan. 91% Those who said they were satisfied with the plan created by a professional adviser. 36% Those who cited healthcare expenses as their biggest concern. 49% Those who said they wished they had started planning earlier for retirement. 54% Those who cited inflation as their biggest concern. 55% More than half said they did not have a written financial plan. 65% Of those who had a financial plan, this is the percentage who worked with a financial adviser. 36 REVERSE MORTGAGE / JANUARY–FEBRUARY 2023

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