CRBG

Jean Chatzky and Corebridge Financial's Terri Fiedler Share How to Spend Retirement Savings with Confidence on YourUpdateTV

Corebridge Retirement Spending Research Could Signal CRBG Platform Growth

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;link type=&quot;text/css&quot; rel=&quot;stylesheet&quot; href=&quot;https://www.globenewswire.com/styles/gnw_nitf.css&quot;&gt;&lt;/li...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Corebridge Financial released research showing retirees struggle with spending, driven by longevity and cost uncertainties; a decumulation plan can empower spend- ing. The study highlights guaranteed lifetime income as a path to greater spending on travel, home improvements, and dining, underpinning demand for Corebridge&#039;s retirement solutions. While the news boosts brand messaging, it is not an immediate earnings catalyst for CRBG.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Corebridge finds retirees fear drawing down savings. Decumulation plans boost confidence.</li><li>Longevity, healthcare costs, and inflation drive spending anxiety. Plans help.</li><li>Guaranteed lifetime income cited to enable more retirement spending. It signals demand for Corebridge products.</li><li>Corebridge reports &gt;$380B AUM as of Mar 31, 2026.</li><li>Media tour by Chatzky and DS Simon supports Corebridge messaging.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Corebridge Financial, Inc. (CRBG)</strong>: Primary issuer; release centers on retirement spending, decumulation, and guaranteed income solutions.</li><li><strong>Jean Chatzky (N/A)</strong>: Personal finance expert; provides credibility via media tour.</li><li><strong>D S Simon Media (N/A)</strong>: Produced the satellite media tour; publicity channel for Corebridge.</li><li><strong>YourUpdateTV (N/A)</strong>: Distributor of content related to Corebridge&#039;s release.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. A strategic marketing/brand-education initiative highlighting product relevance to retiree decumulation needs, with potential long-run impact on customer acquisition and AUM growth, though no immediate earnings data is provided.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>CRBG&#039;s AUM exceeds $380 billion as of March 31, 2026, signaling scale in retirement products.</li><li>Positive sentiment on retirement planning could lift demand for Corebridge&#039;s solutions.</li><li>June 17, 2026 release date provides a near-term news catalyst.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Corebridge Financial has assets under management and administration &gt;$380 billion as of March 31, 2026.</li><li>Release date: June 17, 2026.</li><li>Six in ten retirees associate retirement with freedom; only 25% comfortable with balances declining.</li><li>28% of workers/retirees are comfortable with savings declining to cover living expenses.</li><li>47% prefer $60,000/year guaranteed for life over a $1 million lump sum (41%).</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>CRBG may see modest near-term upside if decumulation demand materializes, likely within 1–2 quarters.</p>
  </section>
</section>


<article>
  <section>
    <p><strong>NEW YORK</strong>, June 17, 2026 — A new Corebridge Financial study reveals that when retirees begin spending their savings, many freeze up despite decades of planning. In a satellite media tour conducted with <em>D S Simon Media</em>, Terri Fiedler, President of Retirement Services at Corebridge Financial, and personal finance expert and best-selling author Jean Chatzky shared insights on retirement spending anxiety and practical strategies to help Americans move from caution to confidence. </p>
    <p>With millions of Americans approaching or already in retirement, important questions are emerging about why spending retirement savings feels so difficult and what people can do to enjoy the retirement they worked so hard to build. Here are some of the top questions and insights from Terri Fiedler and Jean Chatzky.</p>
  </section>

  <section>
    <h2>Key research findings on spending retirement savings</h2>
    <p><strong>What does new Corebridge research reveal about how Americans feel about spending their retirement savings?</strong></p>
    <p>The research points to a striking disconnect between the retirement people envision and how they actually feel when they get there. <strong>“Six in ten people associate retirement with freedom and enjoyment, yet only a quarter of those people feel comfortable seeing their account balances go down and decline in their retirement years,”</strong> Fiedler said.</p>
    <p>The root of the issue, she explained, is decades of deeply ingrained behavior. <strong>“People have worked hard over their careers, 30 or 40 years, accumulating assets and saving and investing, but they haven't prepared themselves psychologically to spend that money when they get there.”</strong> The numbers bear that out: <strong>28%</strong> of workers and retirees are comfortable with their savings declining to cover living expenses, and <strong>70%</strong> say it is very important their nest egg does not shrink in retirement.</p>
  </section>

  <section>
    <h2>Decumulation anxiety: causes and lifestyle impact</h2>
    <p><strong>What is driving the anxiety around retirement spending and how does it influence people’s lifestyle choices during their post-work years?</strong></p>
    <p>For Chatzky, the anxiety comes down to a long list of unknowns that weigh heavily on retirees’ minds. <strong>“We’re not sure how long we’re going to live. We’re not sure what our health care costs are going to be down the road. We’re not sure what the markets are going to do, or inflation, or interest rates,”</strong> she said. <em>“All of these things combined tie people in retirement up in knots and prevent them from spending.”</em></p>
    <p>The real-world impact is significant. Nearly <strong>40%</strong> of retirees say they have not spent as much as they would have liked specifically because they are trying to preserve the balances in their retirement accounts. But Chatzky sees a clear path forward: <strong>“What seems to help is the existence of an actual decumulation or spending plan. Once a plan has been formulated, people are much more confident and feel more empowered about spending the resources they’ve worked so hard to save.”</strong></p>
  </section>

  <section>
    <h2>Decumulation planning versus the 4% rule</h2>
    <p><strong>How does having a decumulation plan change the retirement experience and should people still rely on the “4% rule” to guide their retirement spending?</strong></p>
    <p>Fiedler views rules of thumb like the 4% rule as a starting point, not a finish line. <strong>“Retirement is very personal and very complex, and everyone’s circumstances are different,”</strong> she said. <em>“There are different life expectancies, different health care costs each of us will incur, different market conditions when we retire, and different tax implications. Retirement planning is not a one-size-fits-all approach.”</em></p>
    <p>She recommends starting with a spending plan that fits your individual goals and priorities rather than relying on a generic rule. Those who are highly confident that they can manage their retirement spending are <strong>five times more likely</strong> to say drawing down savings is empowering and <strong>three times more likely</strong> to find it rewarding.</p>
  </section>

  <section>
    <h2>Actions today: building confidence and flexibility to spend</h2>
    <p><strong>What steps can people take right now to give themselves the confidence and flexibility to spend in retirement?</strong></p>
    <p>Chatzky suggests starting with the basics. <strong>“Try to get a grip on your own retirement. When do you want to retire? Where do you want to retire? Will your mortgage be paid off by the time you retire?”</strong> she said. <em>“You're trying to get a sense of what it's going to cost.”</em></p>
    <p>From there, she recommends sitting down with a financial planner to develop a personalized action plan that maps out sources of income, including Social Security, retirement account withdrawals, and potentially converting some assets into guaranteed lifetime income. <strong>“Once you have the answers to all of these questions, you’re going to feel a whole lot better,”</strong> she added.</p>
  </section>

  <section>
    <h2>Survey results: guaranteed lifetime income and retirement spending decisions</h2>
    <p>Retirees surveyed by Corebridge said guaranteed lifetime income would enable them to spend more on personal fulfillment, including travel (<strong>69%</strong>), home improvements (<strong>29%</strong>) and dining out (<strong>25%</strong>). Among all respondents, more (<strong>47%</strong>) would prefer <strong>$60,000 per year guaranteed for life</strong> instead of a <strong>$1 million lump sum at age 65</strong> (<strong>41%</strong>).</p>
  </section>

  <section>
    <h2>Resources and next steps</h2>
    <p>For more information, tools, and resources, visit <a href="https://www.globenewswire.com/Tracker?data=kMmA8f5zzWDZ7bPqL9EDyY4KmJnfAhFpkwK8_-dFiEVOTBqond9_NEZJwkw2gVVQaTKlcr4frWmyJolAzDcgM54PF50hshf1_VVkEWb8LVrdssHUKp931pKukFiEbRRxChIXOta_uE8EpxPgBIBsXU98_ldy8hYfrLiNL9qD4Bnd6wgkU2if4cyydG3liLwB" rel="nofollow" target="_blank">corebridgefinancial.com/decumulation</a><strong>.</strong></p>
  </section>

  <section>
    <h2>About the participants and Corebridge Financial</h2>
    <ul>
      <li><strong>Terri Fiedler</strong>: <em>President of Retirement Services</em> for Corebridge Financial, leading the company's group retirement business which provides retirement plans for K-12 schools, higher education, government, healthcare and other not-for-profit institutions.</li>
      <li><strong>Jean Chatzky</strong>: <em>CEO and founder of HerMoney</em>, former financial editor of NBC's "Today" show, coach on the PBS show Opportunity Knocks, New York Times and Wall Street Journal best-selling author, columnist for AARP the Magazine and host of the HerMoney podcast.</li>
      <li><strong>D S Simon Media</strong>: A leader in the satellite media tour industry, producing tours from its New York headquarters with multiple control rooms; clients include top brands across healthcare, technology, travel, financial services, and more. Established in 1986, the firm has won more than 100 industry awards.</li>
      <li><strong>YourUpdateTV</strong>: A property of D S Simon Media; the video included and release were part of a media tour produced on behalf of Corebridge Financial.</li>
    </ul>
  </section>

  <section>
    <h2>About Corebridge Financial</h2>
    <p><strong>Corebridge Financial, Inc. (NYSE: CRBG)</strong> makes it possible for more people to take action in their financial lives. With more than <strong>$380 billion</strong> in assets under management and administration as of March 31, 2026, Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. For more information, visit <a href="https://www.globenewswire.com/Tracker?data=kMmA8f5zzWDZ7bPqL9EDyY4KmJnfAhFpkwK8_-dFiEUCifrLVfxQgopayBBtZG4Wcw93zrtlxlau-unXNDxLzxCs5ackhQWCsszk4USKPIA5n83aXqf24Gg4Utn_Krb6" rel="nofollow" target="_blank"><u>corebridgefinancial.com</u></a> and follow us on social channels.</p>
  </section>
</article>

Corebridge Financial released research showing retirees struggle with spending, driven by longevity and cost uncertainties; a decumulation plan can empower spend- ing. The study highlights guaranteed lifetime income as a path to greater spending on travel, home improvements, and dining, underpinning demand for Corebridge's retirement solutions. While the news boosts brand messaging, it is not an immediate earnings catalyst for CRBG.

Jean Chatzky and Corebridge Financial's Terri Fiedler Share How to Spend Retirement Savings with Confidence on YourUpdateTV

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News