Retirement Savers’ Anxiety Soars Amid Pandemic

The American College of Financial Services
Financial Advisor IQ
April 17, 2020

As an indicator of the growing economic impact of COVID-19, over 90% of retirement advisors say their clients have contacted them with financial concerns—up from 66% in March.

Wade Pfau, co-director of the New York Life Center for Retirement Income and RICP® program director, says it’s a sign that clients are getting more anxious about their financial futures and now more than ever need sound, stabilizing plans of action from their advisors.

Read more of Pfau’s takeaway from The College’s recent survey in Financial Advisor IQ.

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