“American workers are living longer, but most aren’t thinking about what it means to spend 20 or even 30 years in retirement. Prudential Retirement remains focused on helping American workers recognize the importance of good savings habits to help achieve a secure retirement,” says
Marcks encourages individuals to recognize the five common behaviors that may be impacting their ability to save for retirement:
|1.||I might live how long? Not planning for a retirement that may last 20 years or longer.|
|2.||I’ll do it later. Putting off saving for retirement.|
|3.||It won’t happen to me. Not planning for the unexpected.|
|4.||I just can’t resist. Being swayed by peer pressure in your savings habits.|
|5.||I want it now. Not resisting those short-term impulses.|
Established in 2007, America Saves Week is an annual week-long event coordinated by the
Increasing longevity, an uncertain market and low interest rates have placed many Americans at risk of outliving their retirement income. There are several instruments that Americans can use to save for retirement, including workplace retirement plans and personal investment and savings accounts.
“For Americans approaching retirement, the challenge is to make sure their money does not run out, as many individuals may need income to last them well into their 80s, 90s or even 100s,” says
Despite the numerous strategies available to help accumulate and increase retirement saving, many Americans are overwhelmed by the complexity of these options.
“A financial advisor can help individuals better understand and consider the options offered through the workplace as well as outside of it,” says
Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and non-qualified deferred compensation record keeping, administrative services, investment management, comprehensive employee education and communications, and trustee services, as well as a variety of products and strategies, including institutional investment and income products, pension risk transfer solutions and structured settlement services. With over 85 years of retirement experience, Prudential Retirement helps meet the needs of 4.0 million participants and annuitants. Prudential Retirement has