New study supports New York Life findings on spending among retirees.

Fear and economic uncertainty prevent many retirees from freely spending in retirement. In fact, New York Life research¹ revealed that only 16% of retirees regularly tap into their portfolios, while 30% don’t withdraw anything from their savings or investments.¹

_{1.      Source: New York Life/Morning Consult. July 2023}

Matt Wion, Head of Retail Annuities at New York Life, talks to Investment News about the evolving annuity landscape and the need to simplify the buying process. 

As demand for annuity solutions rises among baby boomers entering retirement, Matt highlights the importance of innovation and adaptation.

This article provides a fresh take on the ways annuities can bring emotional value to your clients.

New York Life experts Todd Taylor and Kelli Faust explore why retirees often constrain their spending in retirement.

Learn what’s fueling another record year for income products. Is this the “new normal”?

Learn tips for how retirees can have the cash they’ll need for as long as they live.

This article analyzes data from a recent research study to explore how knowledge about annuities among financial advisors could be related to decisions around usage. 

Todd Taylor, head of Retail Annuities at New York Life calls retirement the most challenging “financial planning puzzle” consumers face. Understanding consumer behavior, he says, is key to solving that puzzle.

This article is for producer use only, not for distribution to the public.

Podcast hosts Lauren Goodwin and Julia Hermann sit down with Todd Taylor, Head of Retail Annuities at New York Life, to assess how investors use annuities as part of a balanced set of financial tools.