Savant and Absolute Engagement Explore the Death of "Retirement"
ROCKFORD, Ill., Sept. 14, 2021 /PRNewswire/ -- Savant Wealth Management, a nationally recognized, fee-only wealth management firm, and Absolute Engagement, a research and consulting firm focused on the drivers and evolution of client experience and engagement, announced a joint research report on the evolution of retirement in the United States. The report, entitled The Death of Retirement: New Thinking on the Next Chapter, highlights perceptions of retirement among 750 high-net-worth investors.
"We learned that a significant difference exists between the path that many people are on and the one they would take if they believed they had another option," said Rob Morrison, CFP®, chief strategy and innovation officer at Savant. "Although the pandemic led many people to change their plans for retirement, their vision for the future had already begun to evolve. The results not only impact the way advisors work with clients, but also have implications for everything from retirement product design to staffing and human resources," he added.
"Even the word 'retirement' appears to be losing relevance, particularly among younger people," said Julie Littlechild, founder and CEO of Absolute Engagement. "They preferred terms like 'next chapter' or 'second act' to describe the end of full-time work, and a fair number have no plans to stop working completely even if they are financially able to do so."
The research included questions on retirement timing, the effect of COVID-19 on retirement plans, and how the respondents wished to structure their retirement. The report offers six key insights:
About Savant Wealth Management
Savant Wealth Management ("Savant") is an SEC registered investment adviser headquartered in Rockford, Illinois. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Please see Important Disclosures at savantwealth.com.
About Absolute Engagement
Julie has worked with and studied successful financial advisors and their clients for more than twenty years. Prior to founding Absolute Engagement, she launched and ran one of the industry's leading research firms, focused on client engagement. Julie is the author of a popular blog, the co-host of the Becoming Referable podcast and the author of The Pursuit of Absolute Engagement.
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SOURCE Savant Wealth Management
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