Connect with us

Technology

LIMRA: The Retirement Planning Gap Is Real — 88% of Pre-Retirees Think About Retirement Income, but 50% Lack an Updated Plan

Published

2 months ago

on

LIMRA’s Retirement Income Readiness Report finds only 1 in 4 American pre-retirees believe protected lifetime income such as Social Security, pensions and annuities will cover their basic expenses in retirement

WINDSOR, Conn., Aug. 5, 2026 /PRNewswire/ — How prepared do Americans feel for retirement? New research from LIMRA finds that Americans nearing retirement know what’s coming — they just aren’t acting on it. While 88% of pre-retirees have thought about how they will generate income in retirement, 50% lack a recently updated written retirement plan and only 40% work with a financial advisor. The result is a retirement confidence gap that savings alone won’t close.

The findings come from LIMRA’s Retirement Income Readiness Report which examined how pre-retirees and retirees aged 45 and older perceive their financial preparedness for retirement — and what drives that perception. The research suggests retirement confidence today is about more than just financial resources; planning, engagement, and a sense of security about future income also play important roles.

While nearly 6 in 10 pre-retirees rate themselves highly prepared for retirement, roughly 4 in 10 do not — and retirees, reflecting back, report nearly the same split. Cost-of-living volatility (43%) is the most frequently mentioned retirement concern among American pre-retirees, followed by the risk of outliving savings (30%). Even financially prepared consumers remain worried about running out of money in retirement.

Key findings for the life insurance and retirement industry:

Awareness without action. 88% of pre-retirees have thought about retirement income — yet 50% lack a meaningful or recently updated plan, and 76% have no plan or have spent less than 5 hours in the last year planning. The intention-to-action gap represents the industry’s clearest engagement opportunity.

Advice is a confidence differentiator. Consumers who work with a financial advisor or planner are far more likely to feel prepared for retirement — 77% versus 47% of those without one. Yet only 40% of pre-retirees currently work with a financial advisor, and just 8% of the least-prepared group does.

Demand for protected income is broad, not niche. 74% of pre-retirees want to learn more about protected lifetime income options, and 78% with a pension and/or annuity report high preparedness, compared with 50% of those without either. Among pre-retiree survey respondents, 93% of those reporting high retirement preparedness had taken action to learn about protected income, compared with 67% of those reporting low preparedness.

The expectations gap is stark. Despite that demand, only 25% of pre-retirees believe their protected income sources will cover essential living expenses in retirement — signaling substantial unmet need for guaranteed income products, education and guidance as the pension era recedes. Contrast that with current retirees; 52% of whom say their basic living expenses are fully covered by protected lifetime income today.

Cost and control are the barriers to beat. The biggest psychological obstacles to annuity consideration are perceived cost and reluctance to give up control of assets— product design and messaging challenges the industry can directly address.

“Consumers are telling us exactly where the industry can help,” said Bryan Hodgens, senior vice president and head of LIMRA research. “They value guaranteed lifetime income, they’re worried about outliving their money, and three-quarters of them are raising their hands to learn more. The companies that meet that demand with clear education, accessible advice and products that address cost and control concerns will define the next decade of retirement security.”

What drives retirement preparedness? The research found that the drivers of preparedness shift across the retirement transition. For pre-retirees, wealth, planning and protected lifetime income work together in an interconnected way; for retirees, preparedness becomes more hierarchical and anchored in wealth, with planning and protected income playing stabilizing, confidence-reinforcing roles.

For LIMRA member companies — insurers, retirement plan providers and distributors — the implication is clear: retirement preparedness is increasingly shaped not just by savings accumulation, but by planning engagement, trusted guidance and confidence in predictable income.

Methodology note: Findings are based on LIMRA’s Retirement Income Readiness Report, fielded in April 2026, surveying 486 pre-retirees (workers aged 45+ who plan to retire within 10 years) and 804 retirees aged 45+ in the United States. Preparedness reflects respondents’ self-reported score on a 0–10 scale; retirees were asked to reflect back on their preparedness at retirement.

About LIMRA

Serving the industry since 1916, LIMRA offers industry knowledge, insights, connections, and solutions to help nearly 700 member organizations navigate change with confidence.

View original content to download multimedia:https://www.prnewswire.com/news-releases/limra-the-retirement-planning-gap-is-real–88-of-pre-retirees-think-about-retirement-income-but-50-lack-an-updated-plan-302843990.html

SOURCE LIMRA

Related Topics:
Continue Reading

Technology

SpryPoint Names Tara Davidson Its New Chief People Officer

Published

36 minutes ago

on

September 21, 2026

By

Addition to executive team underscores SpryPoint’s investment in the people and culture behind its rapid growth

CHARLOTTETOWN, PE and ATLANTA, Sept. 21, 2026 /PRNewswire-PRWeb/ — SpryPoint, a leading provider of cloud-native software for utilities, today announced that Tara Davidson has joined the company as Chief People Officer, effective August 31, 2026. Davidson will sit on SpryPoint’s executive leadership team, reporting directly to CEO Kyle Strang.

“I don’t see culture and growth as a trade-off; I see people strategy as business strategy.”

Davidson brings a track record of building people functions that scale alongside fast-growing organizations, with deep experience partnering with executive teams and boards on the talent, culture, and organizational strategy needed to sustain growth. She joins SpryPoint as the company has grown from roughly 75 to more than 375 employees, a trajectory that has made people strategy a board-level priority.

“Utilities trust SpryPoint because our people show up for them every day with the expertise and care this industry deserves,” said Kyle Strang, CEO of SpryPoint. “As we’ve grown, it’s become clear that our team is our real differentiator – not just the software we build. Tara has spent her career building the kind of culture and talent strategy that lets a company grow without losing what makes it work. She’s going to help us make sure that as SpryPoint scales, we keep getting stronger, not more diluted.”

“What drew me to SpryPoint is the stage we’re at. This kind of rapid growth is exactly the inflection point where a company either builds the people infrastructure to scale deliberately, or lets what made it special get diluted along the way. I don’t see culture and growth as a trade-off; I see people strategy as business strategy. My approach is to treat things like how we hire, develop, and support our teams with the same rigor we’d apply to any other growth lever, because in a software-as-a-service business, engaged, well-supported employees are directly connected to the client experience we deliver,” said Davidson.

In her role, Davidson will lead SpryPoint’s people strategy across talent acquisition, organizational development, culture, and total rewards, with a mandate to build the infrastructure that lets SpryPoint’s employees deliver an exceptional experience for utility customers and communities across North America.

About SpryPoint

Founded in 2011, SpryPoint builds and delivers integrated, cloud-native software solutions to empower utilities to serve customers better, operate more efficiently, and provide new levels of business visibility and data-driven decision-making. Today, more than 100 utilities across the Americas rely on SpryPoint to modernize billing, customer engagement, and field operations to transform their business. In 2025, SpryPoint was recognized as a Deloitte Technology Fast 50™ company in Canada and a Deloitte Technology Fast 500™ company in North America. For more information, visit www.sprypoint.com or contact info@sprypoint.com.

Media Contact

Jordan Vardell, SpryPoint, 1 (855) TRY-SPRY, info@sprypoint.com, https://www.sprypoint.com/

View original content:https://www.prweb.com/releases/sprypoint-names-tara-davidson-its-new-chief-people-officer-302882952.html

SOURCE SpryPoint

Continue Reading

Technology

Beyond Boston TV Series Spotlights Greater Boston Real Estate, Lifestyle and Community on REAL Shows Network

Published

36 minutes ago

on

September 21, 2026

By

Locally hosted series led by Danny O’Connell highlights the homes, businesses, people, and communities that define Greater Boston and Southern New Hampshire.

BOSTON, Sept. 21, 2026 /PRNewswire/ — REAL Shows Network (RSN), the national television platform dedicated to elevating real estate and lifestyle storytelling, has added Beyond Boston, a new locally hosted series serving Greater Boston and Southern New Hampshire, to its lineup. The real estate and lifestyle TV series is hosted by local real estate professional Danny O’Connell and produced by RSN’s Emmy-nominated, Telly Award-winning team.

Viewers can learn more about the series and watch episodes of Beyond Boston at realshows.tv.

Born and raised in Dracut, Massachusetts, O’Connell comes from a family with deep roots in real estate. His parents have each been licensed for nearly three decades, and O’Connell entered the business himself at age 18. Together, the family-run team works with everything from first-time homebuyers and new construction to investment properties, foreclosures, commercial real estate, and luxury homes.

Each episode of Beyond Boston features O’Connell:

Highlighting distinctive homes, neighborhoods, and communities across Greater Boston and Southern New HampshireSharing stories from local businesses, entrepreneurs, and community leadersExploring a wide range of real estate, from new construction and investment properties to luxury homesBringing a family-focused, approachable perspective to the buying and selling experience

“Real estate has always been a family business for us, and our philosophy is simple: our family helping yours,” said Danny O’Connell, host of Beyond Boston. “We work with all types of clients and properties, and we’re not afraid to get our hands dirty to help get the job done. My goal has always been to make the process as easy, stress-free, and fun as possible. Through Beyond Boston, I’m excited to share the homes, businesses, people, and communities that make this region such a great place to live and work.”

O’Connell’s connection to real estate began early. As a kindergartner, he overheard his teacher mention that she needed to buy a house, brought her one of his father’s business cards the next day, and helped make an introduction that ultimately led to multiple real estate transactions over the years. That early family connection to the business continues today through the team’s full-service approach to real estate, property management, and construction.

Beyond Boston is part of REAL Shows Network’s growing lineup of locally branded series that highlight communities across the United States.

As part of RSN’s national network of locally branded shows, Beyond Boston gives its host a full 30 minutes to build a recognizable, personality-driven brand while authentically representing Greater Boston, Southern New Hampshire, and the communities the O’Connell family serves. The show also provides local businesses, entrepreneurs, nonprofits, and community leaders a high-quality platform to share their stories through cinematic, lifestyle-driven segments.

Rooted in RSN’s mission of positive media, Beyond Boston focuses on authenticity, connection, and the people and experiences behind real estate. It gives viewers a closer look at the homes, communities, businesses, and personalities that shape life throughout the region. High-resolution images and video clips from Beyond Boston are available upon request.

About Danny O’Connell

Danny O’Connell is a real estate professional from Dracut, Massachusetts, and part of a family-run real estate team serving Greater Boston, Southern New Hampshire, and beyond. Licensed since age 18, O’Connell works with buyers, sellers, investors, first-time homebuyers, new construction, foreclosures, commercial properties, and luxury real estate. He also operates property management and construction businesses and leads a networking group for young entrepreneurs and business owners.

About REAL Shows Network

REAL Shows Network (RSN) is a national TV network for top real estate professionals and influential local leaders, giving select hosts in each market the exclusive opportunity to lead a full 30-minute show that showcases their expertise, partners, and community. Created by an Emmy-nominated, Telly Award-winning production team, RSN delivers cinematic, lifestyle-driven storytelling and strategic media exposure that builds authority, deepens community connection, and elevates positive stories in each market. For more information, visit realshows.tv.

View original content to download multimedia:https://www.prnewswire.com/news-releases/beyond-boston-tv-series-spotlights-greater-boston-real-estate-lifestyle-and-community-on-real-shows-network-302885027.html

SOURCE REAL Shows Network

Continue Reading

Technology

The Inner Circle acknowledges Robert “Dean” Day, as an Inner Circle Five Year

Published

36 minutes ago

on

September 21, 2026

By

COOKEVILLE, Tenn., Sept. 21, 2026 /PRNewswire/ — Prominently featured in The Inner Circle, Robert “Dean” Day is acknowledged as an Inner Circle Five Year for his contributions to Fiber Optic Infrastructure.

Robert Dean Day has built a distinguished career in the broadband industry, recognized for his leadership, technical expertise, and long standing contributions to fiber optic infrastructure across the southeastern United States. With decades of experience in outside plant fiber optic operations and direct sales, Mr. Day has played a meaningful role in advancing broadband connectivity and supporting large scale telecommunications growth.

Throughout his career, Mr. Day demonstrated expertise in fiber optic equipment, broadband solutions, and team leadership. His responsibilities included managing outside plant fiber optic initiatives, overseeing direct sales efforts, coordinating calls and email communications, and directing teams to ensure consistent performance and client satisfaction. His collaborative leadership style and commitment to continuous learning have been hallmarks of his professional approach.

One of Mr. Day’s most notable accomplishments was serving as chief negotiator at Nortel, where he successfully led the procurement of an eight point six billion dollar agreement with MCI WorldCom. This achievement highlighted his ability to manage complex negotiations and deliver results at the highest levels of the telecommunications industry.

Mr. Day held roles with organizations such as Calix and most recently retired from CableSouth Construction in January of this year. His career has been recognized with numerous honors, including President’s Club distinctions, Salesman of the Year, and the Panhandle Phone Ten Years of Safe and Courteous Beverage Cart Driving Award.

He earned a bachelor’s degree in psychology from Tennessee Technological University and remains actively affiliated with the Tennessee Broadband Association and the Fiber Broadband Association.

Outside of his professional career, Mr. Day enjoys University of Tennessee football, card collecting, attending games, and visiting historical sites. As he enters retirement, he looks forward to continued learning and engagement with fellow executives, guided by a philosophy centered on curiosity, collaboration, and shared success.

Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com

View original content:https://www.prnewswire.com/news-releases/the-inner-circle-acknowledges-robert-dean-day-as-an-inner-circle-five-year-302885031.html

SOURCE The Inner Circle

Continue Reading

Trending