Saving for retirement can be difficult, especially for middle-income consumers. They don’t always understand complex retirement savings options, they struggle to balance the financial demands of today with saving for tomorrow and they worry about market volatility.
Guaranteed Retirement Income from Nationwide is designed to help middle-income consumers who want some certainty in their retirement savings portfolio. It also addresses two substantial obstacles that limit consumers’ access to traditional retirement savings vehicles. First, many consumers do not use advisors to plan for their financial future. According to the Certified Financial Planner Board, more than half of Americans with a household income of
“Guaranteed Retirement Income from Nationwide is designed to break down those barriers, help
Guaranteed Retirement Income from Nationwide addresses the unmet retirement savings needs of many Americans. It is:
- Accessible – Consumers who opt for Guaranteed Retirement Income from Nationwide will sign up and manage their accounts entirely online; there are no fees to sign up – nor for on-going administration. And, contributions can be as little as
$10per month or $120a year.
- Dependable – It is built as a fixed annuity, so it’s not tied to the stock market and consumers won’t need to worry about their retirement savings with every dip.
- Flexible – Participants can contribute between
$120and $12,000a year for 15 years or until they are 65, whichever is the longer period of time. The more customers contribute, the more they will receive in retirement income. And, they have the option of contributing monthly, quarterly or annually and can increase or decrease their contributions at any time.
Before signing up, consumers can use an online calculator to determine the future monthly payments that they will receive based on their current age and amount and duration of contributions. People with existing accounts can use a “what if” calculator after logging in to simulate changes to contributions and potential outcomes.
“Our research found that most consumers are comfortable managing their money and investments online, and fewer middle-income consumers are using financial advisors to help with retirement planning,” said
If successful in
For more information about Guaranteed Retirement Income from Nationwide, visit www.nationwide.com/retirementincome or call 1-888-891-0031.
Nationwide, a Fortune 100 company based in
Guarantees are subject to the claims paying ability of
Annuities are issued by
Nationwide, the Nationwide N and Eagle, Nationwide is on your side and Guaranteed Retirement Income from Nationwide are service marks of
1CFP Board 2015 survey of Americans’ perceptions of the
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