IRI Offers Consumers an Eight-Point Plan to Financial Health
WASHINGTON, D.C. – The recent recession has had a significant impact on Baby Boomers’ thoughts on retirement savings and income. Recent research from the Insured Retirement Institute (IRI) reveals that one-third of non-retired Boomers have indicated that they are unsure as to when they will retire, with three out of 10 citing uncertainty about having sufficient assets as a top concern.
The process of retirement planning is one that is often avoided or overlooked by many Americans. However, with proper retirement planning, financial security throughout retirement does not have to be uncertain. In conjunction with National Retirement Planning Week®, IRI has developed the “Eight-Point Plan for Life-Long Financial Retirement Health” which breaks down the task of planning for retirement. This is a FINRA cleared, client-approved plan and follows similar guidelines as physical fitness plans in order to assist consumers in developing healthy financial strategies and habits.
“The first wave of Baby Boomers is turning 65 years old this year and many Americans are beginning to evaluate their retirement savings and financial goals,” said IRI President and CEO Cathy Weatherford. “Achieving life-long financial health is not a daunting task when broken down into manageable steps. Just as it is important to be aware of your physical health, it is equally as important to monitor your financial well being.”
Click here to view IRI’s “Eight-Point Plan for Life-Long Financial Retirement Health.”
The National Retirement Planning Coalition is headed by the IRI, and includes the American Council of Life Insurers (ACLI), Americans for Secure Retirement (ASR), Center for Retirement Research at Boston College, Defined Contribution Institutional Investment Association (DCIIA), Employee Benefit Research Institute (EBRI), Financial Services Forum, Financial Services Institute (FSI), Financial Services Roundtable (FSR), National Association of Fixed Annuities (NAFA), NICSA, Retirement Income Industry Association (RIIA), The American College, The Aspen Institute Initiative on Financial Security (Aspen IFS) and Women’s Institute for a Secure Retirement (WISER).
The Coalition recognizes that the need to educate Americans on retirement planning is an ongoing effort and is committed to making this a national priority. The National Retirement Planning Week® and other coalition activities will demonstrate that it is possible to “Retire On Your Terms” if comprehensive retirement plans are properly developed and managed. To support these education efforts, the coalition maintains a year-round website – www.retireonyourterms.org – offering resources to both consumers and financial professionals alike, in order to help them stay focused on long-term financial goals.
About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is a not-for-profit organization and is the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella. IRI’s mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and to advocate before public policy makers on critical issues affecting insured retirement strategies. Visit www.IRIonline.org to experience the new, vast resources of the new Insured Retirement Institute for yourself.