More than half of recent retirees regret their retirement savings approach, with many wishing they had started earlier or contributed more. Only 40% are on track with their budget, and 21% have cut spending more than expected. Advisors report challenges like adjusting to no paycheck, market volatility anxiety, and budgeting. Market turbulence has led 50% of recent retirees to adjust portfolios, increasing interest in annuities and guaranteed income solutions.