Thanks to increases in longevity and lower expected returns from stocks and bonds in the foreseeable future, annuities are now seen as a big part of the solution.

“It is a real challenge for retirees today that people are living longer, with retirements now lasting 20 to 30 years and interest rates being so low,” said Jonathan Barth, registered investment adviser (RIA) consultant with DPL Financial Partners, speaking during a webinar the company sponsored, titled, “Practical Market Assumptions for Today’s Retirement Realities: Why Adhering to Traditional Income Strategies No Longer Works.”

The survey revealed that 43% of advisers said their clients are delaying retirement, 59% said their clients are saving more, 46% are taking more risk in their portfolio and 50% are spending less, Barth noted.

Read more at PlanAdviser