IRI Research Shows that Gen-Xers Who Work with a Financial Advisor Are More Confident in Achieving Retirement Security 

WASHINGTON, D.C. - Insured Retirement Institute (IRI) President and CEO Cathy Weatherford today delivered good news for younger and middle-aged consumers who have become discouraged by the daunting task of retirement planning. Her message: working with a financial advisor helps. Weatherford cited a recent IRI research report that found that nearly 48 percent of Generation Xers who consulted a financial advisor have high levels of confidence that they will live comfortably throughout retirement, compared to less than 29 percent who have not. 

Weatherford said advisors have a lot to bring to the table, as many consumers, particularly younger consumers, do not have considerable knowledge when it comes to retirement planning and managing investments. According to IRI research, 45 percent of Generation Xers report they are "not very" and "not at all" knowledgeable about investing in securities.

Weatherford's remarks were presented during a webinar on retirement options for Generation X and Generation Y consumers. The webinar was hosted by A.M. Best and sponsored by AXA Equitable.

IRI's entire report can be found HERE.

About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is a not-for-profit organization that for twenty years has been a mainstay of service, commitment and collaboration within the insured retirement industry.  Today, IRI is considered to be the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI proudly leads a national consumer education coalition of nearly twenty organizations and is the only association that represents the entire supply chain of insured retirement strategies: Our members are the major insurers, asset managers, broker dealers, and more than 150,000 financial professionals. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella. IRI's mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and advocate before public policy makers on critical issues affecting insured retirement strategies and the consumers that rely on their guarantees. Visit www.IRIonline.org today to experience the vast resources of the Insured Retirement Institute for yourself.     

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