Retirement in 2025 doesn’t look like it used to. According to the Global Atlantic 2025 Retirement Insights Survey, 67% of retirees are worried their savings won’t last their lifetime.
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With concerns over the stability of pensions and Social Security — both traditionally the bedrock of retirement income — many are questioning how to maintain financial security as costs rise, markets swing and lifespans stretch well beyond previous generations.
Here are the five financial issues that retirees are most concerned about, along with strategies to manage those concerns.
Medical expenses top the list, with 90% of retirees concerned about rising healthcare costs, per the Global Atlantic survey. According to a recent study based on data from the World Health Organization (WHO) the U.S. has the largest gap between lifespan and healthspan — how long someone remains healthy — meaning the average American spends 12.4 years in poor health at the end of their life.
Medicare doesn’t cover everything, and even routine care has become more expensive. Health Savings Accounts (HSAs) are a tax-efficient way to prepare for healthcare costs in retirement, though contributions must stop once enrolled in Medicare.
Jason Bickler, co-head of individual markets at Global Atlantic, recommends annuities as part of a broader plan.
“They offer a steady stream of income for life,” he said, “which can help retirees confidently cover both routine and unplanned medical expenses without the fear of outliving their savings.”
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Nearly as many survey participants — 89% — said they were worried about inflation impacting spending power, with prices having crept up across the board. According to the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) is currently 2.4% for the 12-month period up to April 2025. Although that’s down slightly from recent months, what felt like a solid nest egg five years ago may not go as far in 2025.
Bickler emphasized the importance of building a strategy that prioritizes both growth and reliability. “A steady and guaranteed income stream can be the difference between a comfortable retirement and one marked by financial stress.”
Annuities tied to market performance, offering growth with built-in protection, can help offset inflation’s impact on income. Additionally, starting a small business or side gig can be a great way to generate extra income during retirement, helping to counteract the rising costs that inflation brings.
