When it comes to planning for retirement, no hurdle appears to loom larger for consumers than how to account for potentially crippling healthcare costs down the road, a survey by Deloitte's Center for Financial Services revealed.
Our prior blogs about this survey of nearly 4,500 Americans from a wide range of age and income groups focused on a number of other barriers discouraging consumers from putting in place a formal plan to generate savings and income for retirement, as well as from seeking professional help to do so.
These barriers include conflicting financial priorities, lack of awareness about retirement products, mistrust of the financial services industry, a failure to communicate effectively with prospects (particularly via the workplace), and a potentially misplaced confidence that consumers can “do-it-myself” when it comes to retirement planning.
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