Survey: Most retirees worry about savings, but few use financial advisors

Less than one-third of retirees in a recent survey reported working with a financial adviser, even though nearly seven in 10 are concerned about managing their income throughout retirement.

Sixty-nine percent of respondents in the Schroders 2026 U.S. Retirement Survey said they’re at least slightly concerned about not knowing how to best take retirement income and/or draw down assets; 68% said they’re at least slightly concerned about outliving their assets.

Virtually the same percentage (68%) reported not currently working with a financial adviser. Sixty-four percent said they wish they had done more planning before retirement. See more findings.