New research from BlackRock examines the retirement spending habits of current retirees, finding that most still have 80 percent of their pre-retirement savings after almost two decades in retirement. One-third actually grew their assets, leaving considerable potential consumption on the table. The financial landscape for future retirees will most likely be more challenging, requiring different savings and spending behaviors, necessitating retirement income solutions that provide spending confidence for both essential and discretionary spending. Insurance solutions can play an important role within an integrated retirement income and investment strategy.

BlackRock: Decumulation Challenges and Potential Solutions