Retirement Readiness

Retirement Planning: Should’ve, Could’ve, Would’ve

Over 60% of retirees wish they could get a “do-over” in retirement planning, according to a recent study from Lincoln Financial Group[1]

In conjunction with Annuity Awareness Month, new data says retirees would go back in time to choose investments that provide a steady stream of income as well as to plan better for inflation and volatility.

May 25, 2023 08:30 AM Eastern Daylight Time–RADNOR, Pa.–(BUSINESS WIRE)–According to a recent study from Lincoln Financial Group (NYSE: LNC), more than 60% of retirees would like to go back and plan differently for their retirement if they could.[2] Overwhelmingly, retirees wish they’d started saving earlier and saved more for retirement.

Other “would’ve, could’ve, should’ve” reflections include choosing investments that provide a steady stream of income, with 63% reporting they’d like to receive an automatic paycheck from their retirement assets; and planning better for the unexpected like inflation and volatility, with 85% interested in investing in solutions that protect them from losses during market volatility.

Lincoln Financial released this new data just ahead of Annuity Awareness Month, which is recognized through June, to reinforce the role annuities can play in holistic financial planning as tools to help provide lifetime income and protect and grow retirement savings no matter how the market performs.

How Annuities Can Help Retirement Planning

Annuities are investments issued by insurance companies that can help investors build savings, with options to ensure a continued income stream, like a “retirement paycheck,” that will last throughout their lifetime. There are many different types of annuities and diverse optional benefits that can be used to add customization based on an investor’s unique wants and needs. Investors can learn more about annuities by accessing educational resources from the Alliance for Lifetime Income, or by visiting to be connected with a financial professional.

“There aren’t many opportunities for a do-over when it comes to retirement planning. Yet, two of the major concerns that retirees voiced in our study – guaranteed income and protection from loss – can be addressed with annuities,” said Tim Seifert, senior vice president and head of Retirement Solutions Distribution at Lincoln Financial. “With a record number of Americans set to retire next year[3], Annuities Awareness Month is a good time for investors to work with a financial professional to understand how and why incorporating annuities into their financial strategies can help them retire confidently without regret.”

Lincoln Financial offers a broad and innovative portfolio of annuity solutions, including the top-selling indexed variable annuity, Lincoln Level Advantage®, which has helped more than 115,000 investors protect and grow their portfolios since launching five years ago.




About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, approximately 16 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $290 billion in end-of-period account balances net of reinsurance as of March 31, 2023. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and ranks among Newsweek’s Most Responsible Companies. Dedicated to diversity, equity and inclusion, we are included on transparency benchmarking tools such as the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to providing our employees with flexible work arrangements, we were named to FlexJobs’ list of the Top 100 Companies to Watch for Remote Jobs in 2022. With a long and rich legacy of acting ethically, telling the truth and speaking up for what is right, Lincoln was recognized as one of Ethisphere’s 2022 World’s Most Ethical Companies®. We create opportunities for early career talent through our intern development program, which ranks among WayUp and Yello’s annual list of Top 100 Internship Programs. Learn more at: Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at
[1] Source: Lincoln Financial, Consumer Sentiment Tracker, 2023.
[2] Source: Lincoln Financial, Consumer Sentiment Tracker, 2023.
[3] Source: Lincoln Financial & the Alliance for Lifetime Income, “America’s Peak 65 milestone,” 2022.


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