2015 Wells Fargo Retirement Study

Size: px
Start display at page:

Download "2015 Wells Fargo Retirement Study"

Transcription

1 2015 Wells Fargo Retirement Study Table of contents Overview 1 Key findings 2 Background and methodology 8 Harris Poll conducted the survey online of 1,993 affluent investors, ages who have $250,000 or more in investable assets, excluding retirement and property assets. Nearly 7 in 10 (68%) workers age 40+ admit they should have started saving earlier for retirement. And, less than half (45%) have been consistent savers. Overview as well as retirees are generally anxious and pessimistic about retirement with the majority believing that retirement in America is in a crisis state. Other dire sentiments expressed by at least a quarter of workers age 40+ included beliefs that they ll not have enough money to survive in retirement, they ll need to win the lottery in order to survive financially, and they ll never be able to retire and will work until they die or are too sick to work any longer. Despite these anxieties, or perhaps to help combat them, saving for retirement is the top financial priority for many workers 40+. Yet, about two-thirds of workers age 40+ admit that actually saving for retirement is harder than they anticipated. Current expenses and debt as well as not making enough are the common reasons given for not saving more for retirement. As a result of the struggle to save for retirement, many working Americans age 40 or older are hoping to earn more later or work into their 70s to make up for not saving now. However, relying on greater earnings in the future or working longer is a potentially risky strategy. Half of retirees stopped working sooner than they anticipated due mainly to reasons beyond their control such as health issues or employer decisions. There is a wide disparity across age groups in terms of what they have saved for retirement and their retirement savings goal. Although separated by an average of eight years, workers age are much better prepared for retirement than those workers age 60+. Workers age started saving an average of six years sooner and have saved a median of three times more than those age 60+ ($150,000 vs. $50,000). Additionally, the younger group has a higher estimate of the amount needed for retirement and have saved a higher percentage toward that goal. For those who saved consistently from the day they first started working, this diligence has made a difference. These consistent savers have accrued median retirement savings of more than 2.5 times the amount for those who did not consistently save. Income level does not necessarily predict saving behavior as nearly a third of workers 40+ with less than $50,000 in household income say they have consistently saved since they began working. Despite the struggle to save and general pessimism around retirement, most working Americans across all ages who have access to a 401(k) or similar plan are contributing to their plan. Consistent savers with access to a plan have saved four times as much for retirement as compared to those without access. Access to a 401(k) plan also helps bolster confidence around retirement. A majority of working Americans age 40+ with plan access feel more secure about their retirement because they are contributing to the plan. Additionally, more than half say they will be able to save enough through their 401(k) to live comfortably. While workers are generally very satisfied with the 401(k) as a means of saving for retirement, they are interested in getting more help with their 401(k) plans. Specifically, half plan of workers with access say they would like more help to make sure they re making the best choices for their retirement.

2 Key findings Retirement preparation varies across ages Working Americans in the 40+ age range differ widely in how much they have saved for retirement and their assessment of how much they think they ll need for retirement. This is especially true of workers age as compared to those 60+. With an average of eight years apart, workers age are much better prepared for retirement than those workers age 60+. Workers age have saved a median of three times more than workers age 60+ $150,000 vs. just $50,000 (see chart 1). Additionally, the younger cohort has higher and perhaps more realistic estimates of the amount needed for retirement ($500,000 vs. $300,000) and have saved a higher percentage of that goal 30% vs. 17%. The younger workers age began saving for retirement at the median age of 31 vs. 37 for those age 60+, perhaps a contributing factor to higher retirement savings. Chart 1: Retirement savings profile workers age and 60+ Retirement Saving Profile Average age started savings (Mean) Expected retirement age (Mean) Amounts saved for retirement (Median) $150,000 $50,000 Amount needed for retirement (Median) $500,000 $300,000 Savings toward retirement goal 30% 16.7% Household investable assets (Median*) $82,900 $40,200 Annual household income (Median) $100,000 $70,000 *Median calculated from range selected by respondents The difference in financial preparedness is also reflected in differences in attitudes towards retirement across these two age groups. Workers age have a more optimistic outlook for their retirement with nearly two thirds (62%) believing they will have enough savings to live comfortably in retirement vs. just half (51%) of workers age 60+ (see chart 2). Additionally, workers age expect to retire at age 65 vs. 71 for those age 60+ (see chart 1). Chart 2: Attitudes towards retirement for workers age and 60+ Workers I will have enough savings to live on comfortably throughout my retirement years 62% 51% I will need to work until I am at least 70 because I will not have enough retirement savings to live comfortably in retirement. 40% 54% It is not possible for me to pay my bills now and still save for retirement. 28% 41% I would need to win the lottery to survive financially in retirement. 21% 34% I ll never be able to retire. I ll be working until I die or am too sick to work. 19% 33% 2

3 Anxiety around retirement There is a great deal of anxiety around retirement across working Americans as well as retirees with eight in 10 (81%) workers age 40+ and seven in ten (70%) retirees believing that retirement in America is in a crisis state. Even workers who are consistent savers (e.g. they started to save for retirement from when they first started working) share this belief with three quarters (76%) agreeing with this sentiment. Additionally, this anxiety is reflected in attitudes toward retirement with more than a quarter (27%) of workers age 40+ believing they will need to win the lottery to survive financially in retirement and half (50%) believing their standard of living will go down once they retire (see chart 3). Among workers age 60+, attitudes are even more pessimistic with a third (33%) believing they will never be able to retire and will be working until they die or are too sick to work. Chart 3: Attitudes towards retirement for workers age 40+ and retirees I will have enough savings to live on comfortably throughout my retirement years. 58% 63% 52% 62% 51% 61% My standard of living will go/went down once I retire/when I retired. 50% 56% 44% 40% 55% 39% I m afraid of outliving my assets. 36% 35% 41% 36% 31% 38% I would need to win the lottery to survive financially in retirement. 27% 23% 32% 21% 34% 31% I m not going to have enough money to survive on in retirement. 27% 26% 26% 23% 35% 30% I ll never be able to retire, I ll be working until I die or am too sick to work. 26% 24% 29% 19% 33% 20% I d rather die early than not have enough money to live comfortably in retirement. Retirement saving top priority 19% 18% 15% 25% 23% 27% Despite anxiety surrounding retirement, or perhaps as a way to combat this anxiety, saving for retirement is the top priority among workers age 40+. More than a third (36%) say it is their top priority, followed by paying ongoing student loan or credit card debt (18%) (see chart 4). Chart 4: Biggest financial priority after paying essential monthly expenses Saving for retirement 36% 29% 37% 49% 39% 4% Paying ongoing student loan or credit card debt 18% 21% 16% 19% 16% 9% Supporting family members such as children, siblings, parents 14% 16% 14% 11% 12% 8% Building an emergency fund 7% 7% 9% 3% 6% 14% Saving for my first home, bigger home, or renovation 6% 7% 6% 2% 5% 5% Saving for future education expenses 5% 8% 5% 3% * 2% Paying off healthcare obligations 4% 4% 3% 3% 7% 13% Other 6% 5% 7% 6% 5% 19% None 3% 3% 1% 4% 7% 24% Not sure/refused (net) 1% * 1% * 4% 3% 3

4 While workers say saving for retirement is their top priority, almost two thirds (62%) say that actually saving is harder than they anticipated. More than a third (35%) say it s not possible for them to pay their bills now and save for retirement at the same time. The most commonly mentioned reasons for not saving for retirement included being overwhelmed with current expenses and debt and not making enough money to save. While workers appear to want to save for retirement, only four in 10 (38%) of workers age 40+ admit to sacrificing a lot in order to save (see chart 5). The same is true of retirees with four in 10 (40%) saying they gave up a lot to save for retirement. The most frequently mentioned sacrifices for workers age 40+ included foregoing major purchases (40%) and treating themselves to indulgences (39%). Confirming that these sacrifices were worth making, half of workers age 40+ (53%) and retirees (46%) believed that reducing expenses made a difference in their retirement saving. Chart 5: Sacrificing/gave up a lot to save for retirement [Non retirees] I m sacrificing a lot in order to save for retirement. [] I had to give up a lot in order to save for retirement. 38% 38% 44% 36% 34% 40% Given Up to Extend Saving Making big purchases I want (e.g., car, computer, home, renovations) 40% 51% 36% 26% 34% 32% Treating myself to indulgences (e.g., spa services, jewelry, golf, impulse purchases) 39% 43% 38% 36% 37% 34% Eating out at restaurants as often 31% 36% 31% 23% 29% 33% Going on vacation / traveling 30% 35% 31% 27% 24% 32% Going to special events like sports, theater, or concerts 30% 32% 26% 34% 28% 24% Nothing 35% 25% 38% 39% 49% 38% Removing expenses made a difference on retirement saving 53% 55% 61% 56% 33% 46% Starting early to save for retirement makes a difference 2.5x Nearly seven in 10 (68%) workers age 40+ admit they should have started saving earlier for retirement. Further, less than half (45%) have been consistent savers. For those who did make the commitment to consistent saving, it has made a significant difference. Those who saved consistently have accrued a median retirement savings of $160,000 compared to $60,000 for those who did not save consistently. Interestingly, income level does not appear to affect savings behavior. Three in 10 (31%) of workers with less than $50,000 in household income say they have consistently saved since they began working. Start saving early Workers who have consistently saved for retirement since the first day they began working have saved 2.5 times more than those who have not saved consistently. Save later and work longer A significant percentage of workers age 40+ are hoping to earn more down the road or work into their 70s to make up for not saving now for retirement. Specifically, nearly seven in 10 (68%) say they are hoping to earn more in the future to save for retirement (see chart 6). More alarming, a third (33%) of workers age and two in 10 (21%) age 60+ plan to save later to compensate for not saving now. Additionally, more than half (54%) of the 60+ workers say they plan to work until they are at least 70 because they will not have saved enough to live comfortably in their retirement years. 4

5 Chart 6: Plans to save later for retirement and work longer I m hoping to earn more money in the future to save enough for retirement/ I relied on my income in my later years to save for my retirement. 68% 78% 71% 63% 49% 67% I plan to save for retirement later in order to make up for not saving enough now. 39% 47% 44% 33% 21% N/A I plan to work into my 70s and beyond to stay active or mentally challenged, but not necessarily for the money. 54% 51% 52% 53% 61% 71% I will need to work until I am at least 70 because I will not have enough retirement savings to live comfortably in my retirement years. 51% 52% 52% 40% 54% 51% Average age started saving for retirement (Mean) Average planned/actual retirement age (Mean) Years to save for retirement (difference between age started saving and expected/actual retirement age) Yet, a strategy that relies on saving later and working longer is risky. Half (49%) of retirees stopped working sooner than they anticipated due largely to reasons beyond their control including health concerns (37%), employer decision (21%) or other reasons. Another factor that can complicate retirement plans is healthcare costs. Half of retirees (51%) agree that they are spending more for healthcare in retirement than they had expected. Early retirement, not by choice 49% of retirees retired earlier than planned, mostly due to circumstances beyond their control. Health 37% Employer decision 21% Family decision 10% Had adequate savings 7% Other 32% Implications: While workers recognize the importance of saving for retirement and have good intentions, they give way to procrastination and fail to follow through on consistent saving. Setting up automatic withdrawals to retirement savings accounts could help establish consistent saving behavior. Additionally, employers and financial service providers could help to encourage regular saving by providing access to savings calculators, automatic saving products, and services and budgeting tools. 5

6 The power of the 401(k) Seven in 10 (69%) workers age 40+ have access to a 401(k) and most with access (88%) are participating in the plan (see chart 7). Those who are contributing to a 401(k) have done so for an average of 18 years. Chart 7: 401(k) access, participation, and tenure Total % 70% 74% 71% 60% Have access to a 401(k) 88% 90% 85% 85% 90% Currently contributing to a 401(k) Average # of years enrolled and contributing to a 401(k) (Mean) Among workers who contribute to a 401(k), the median contribution amount is 10% of their salary. While nearly seven in 10 (69%) contribute enough to maximize their company s matching 401(k) contribution, 20% who are eligible don t take advantage of the employer match (see chart 8). Chart 8: 401(k) access, participation, and tenure 20% 10% 69% Yes No Does not offer Implications: While a high percentage of those who have access to a 401(k) are actively contributing, nearly a third (31%) do not have access to an employer-sponsored retirement plan. These workers could be encouraged to contribute to other taxadvantaged retirement savings vehicles such as IRAs and SEP or SIMPLE plans if they are self-employed. Additionally, two in 10 (20%) are not taking advantage of their company s matching contribution and leaving free retirement savings dollars on the table. Employers could consider targeting communications to this audience to encourage participation. have highly favorable sentiment towards their 401(k) with eight in 10 (84%) saying they feel more secure about their retirement because they re contributing to a 401(k) and three quarters (75%) say they would not have saved for retirement without their 401(k) (see chart 9). Consistent savers with access to a 401(k) have saved four times as much for retirement ($200,000 median) as compared to a median of $50,000 for consistent savers without access to a plan. 6

7 Chart 9: Attitudes towards their 401(k) I feel more secure about my retirement because I m contributing to a 401(k). I wouldn t have as much saved for retirement if I did not have a 401(k) or equivalent. 84% 92% 76% 79% 82% N/A 75% 78% 76% 72% 71% 63% I m satisfied with the 401(k) as a retirement savings vehicle. 72% 78% 71% 72% 61% 59% I know there are fees associated with 401(k) savings plans, but they are worth it. I m/was able to save enough through my 401(k) or equivalent to live comfortably in retirement. The fees associated with a 401(k) do not make it the best way to save money for retirement. I would save for retirement if I had access to a 401(k). (only asked among those without access) The 401(k) difference Workers with 401(k) plans... 70% 75% 75 65% 60% 56% 61% 63% 59% 63% 59% 56% 37% 33% 42% 41% 36% 47% 57% 59% 75% 60% 37% 57% 4x...saved 4 times more than those without access when they saved consistently....said they wouldn t have saved as much if they didn t have a 401(k) (75%)....felt more secure about their retirement because they are contributing to a 401(k) (84%). Despite high satisfaction levels with 401(k) plans, there is interest in getting more help managing their 401(k). More than half (53%) of workers age 40+ and two-thirds (66%) of retirees say they would like/have liked more help from their 401(k) plan to help make sure they are making the best choices. Implications: Given the popularity of 401(k) plans and the pervasive interest from plan participants in getting help making decisions on how to invest their retirement savings, employers and plan sponsors should consider providing tools and resources to help educate participants regarding their investment choices and plan options. No written plan for retirement Only two in five (40%) workers age 40+ have a written plan for retirement. The percentage is similar for retirees with just 44% saying they have a written plan. For most workers, their retirement plan consists of participating in a 401(k) or other employer-sponsored plan (38%) or working with a financial professional (30%). 7

8 Background and methodology About the Survey On behalf of Wells Fargo, Harris Poll conducted 1,251 telephone interviews of 851 working Americans 40 or older and 400 retired Americans, surveying attitudes and behaviors around planning, saving and investing for retirement. The survey was conducted from July 13 August 10, Working Americans are age 40 or older, working full-time or at least 20 hours if they are working part-time or self-employed. Retired Americans self-identified as retired regardless of age. The median annual household income reported by working Americans varies by age: years olds ($87,000); year olds ($91,000) year olds ($100,000); 60+ year olds ($70,000). Data were weighted as needed to represent the population of those meeting the qualification criteria. Figures for education, age, gender, race, ethnicity, region, household income, investable assets, and number of adults in the household were weighted where necessary to bring them in line with their actual proportions in the population. About Wells Fargo & Company Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.6 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune s 2014 rankings of America s largest corporations. Wells Fargo s vision is to satisfy all our customers financial needs and help them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com. About Harris Poll Over the last five decades, Harris Polls have become media staples. With comprehensive experience and precise technique in public opinion polling, along with a proven track record of uncovering consumers motivations and behaviors, The Harris Poll has gained strong brand recognition around the world. Please note: This material has been prepared for informational purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Investors need to make their own decisions based on their investment objectives, financial circumstances and tolerance for risk. Investing involves risk including the possible loss of principal. Past performance is not a guarantee of future results. Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns. Please contact your financial, tax and legal advisors regarding your specific situation and for information on planning for retirement. INVESTMENT AND INSURANCE PRODUCTS: NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company. Insurance products are offered through our affiliated non-bank insurance agencies. Wells Fargo Bank, N.A., is a banking affiliate of Wells Fargo & Company. Wells Fargo Advisors is not a legal or tax advisor Wells Fargo Bank, N.A. All rights reserved. ECG (1 ea) 8

2015 Wells Fargo Affluent Investor Survey

2015 Wells Fargo Affluent Investor Survey 2015 Wells Fargo Affluent Investor Survey Table of contents Overview 1 Key findings 2 Background and methodology 8 Harris Poll conducted the survey online of 1,993 affluent investors, ages 30 75 who have

More information

2014 Wells Fargo Millennial Study

2014 Wells Fargo Millennial Study 2014 Wells Fargo Millennial Study Overview Table of contents Overview 1 Key findings 2 Background and methodology 7 The contents of this report are for information purposes only. They should not be construed

More information

Financial health in the United States

Financial health in the United States Financial health in the United States Table of contents Overview 1 Key findings 2 Background and methodology 7 The contents of this report are for information purposes only. They should not be construed

More information

2012 HOUSEHOLD FINANCIAL PLANNING SURVEY

2012 HOUSEHOLD FINANCIAL PLANNING SURVEY 2012 HOUSEHOLD FINANCIAL PLANNING SURVEY A Summary of Key Findings July 23, 2012 Prepared for: Certified Financial Planner Board of Standards, Inc. and the Consumer Federation of America Prepared by: Princeton

More information

The Ariel/Schwab Black Investor Survey:

The Ariel/Schwab Black Investor Survey: The Ariel/Schwab Black Investor Survey: Saving and Investing Among Higher Income and Americans Ariel Investments, LLC and The Charles Schwab Corporation are non-affiliated entities, but co-sponsor the

More information

Merrill Edge Report. 2 Optimistic Outlook. 3 Retirement Expectations. 4 Worthwhile Debt. 5 Home Sweet Home. Letter from Aron Levine.

Merrill Edge Report. 2 Optimistic Outlook. 3 Retirement Expectations. 4 Worthwhile Debt. 5 Home Sweet Home. Letter from Aron Levine. 1 Letter from Aron Levine We are pleased to share the Merrill Edge Report, a nationwide survey delivered biannually that offers an in-depth look at the financial concerns, priorities and behaviors of mass

More information

16 th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness

16 th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness August 0 TCRS 0--0 Transamerica Institute, 0 Welcome to the th Annual Transamerica Retirement Survey

More information

2/3 81% 67% Millennials and money. Key insights. Millennials are optimistic despite a challenging start to adulthood

2/3 81% 67% Millennials and money. Key insights. Millennials are optimistic despite a challenging start to adulthood 2/3 Proportion of Millennials who believe they will achieve a greater standard of living than their parents 81% Percentage of Millennials who believe they need to pay off their debts before they can begin

More information

Online Survey of Employees Without Workplace Retirement Plans

Online Survey of Employees Without Workplace Retirement Plans Online Survey of Employees Without Workplace Retirement Plans Report of Findings Conducted for: State of California October 2015 Prepared by Greenwald & Associates 2015 1 Table of Contents Methodology

More information

EXPAND YOUR RETIREMENT PLANNING HORIZONS

EXPAND YOUR RETIREMENT PLANNING HORIZONS EXPAND YOUR RETIREMENT PLANNING HORIZONS By AXA Association Business Solutions AIA Members Retirement Program Phone: 800-523-1125, Option 3 Web: www.axa2plan.com Email: connection@axa.us.com 1 Important

More information

The underrated impact of taxes on retirement

The underrated impact of taxes on retirement The underrated impact of taxes on retirement Research study Nearly one out of every three dollars spent by high-income retirees goes to taxes, according to a study by Lincoln Financial Group. Most future

More information

Saving and Investing Among Higher Income African-American and White Americans

Saving and Investing Among Higher Income African-American and White Americans The Ariel Investments 2010 Black Investor Survey: Saving and Investing Among Higher Income African-American and Americans July 21, 2010 1 For further information, contact Merrillyn J. Kosier at Ariel Investments

More information

The 2009 Consumer Financial Literacy Survey Final Report. The National Foundation for Credit Counseling

The 2009 Consumer Financial Literacy Survey Final Report. The National Foundation for Credit Counseling The 2009 Consumer Financial Literacy Survey Final Report Prepared For: The National Foundation for Credit Counseling Prepared By: Harris Interactive Inc. Public Relations Research Summary At this time

More information

Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3

Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3 Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3 On Your Way: Mid-30 s to early 40 s...4 Crunch Time: Mid-40 s to early 50 s...5 Just Around

More information

Millennial, Gen X, and Baby Boomer Workers and Retirees RETIREMENT SAVING AND SPENDING STUDY

Millennial, Gen X, and Baby Boomer Workers and Retirees RETIREMENT SAVING AND SPENDING STUDY Millennial, Gen X, and Baby Boomer Workers and Retirees RETIREMENT SAVING AND SPENDING STUDY Table of Contents Methodology Workers with 401(k)s: Millennials, Gen X, and Baby boomers Workers 401(k) Accounts

More information

Younger Boomers Perceptions White Paper

Younger Boomers Perceptions White Paper Younger Boomers Perceptions White Paper Allianz Life Insurance Company of North America Allianz Life Insurance Company of New York ENT-1036-N Page 1 of 8 Methodology Allianz Life Insurance Company of North

More information

Sun Life Canadian UnretirementTM

Sun Life Canadian UnretirementTM Sun Life Canadian UnretirementTM Index 2013 Canadian Unretirement Index Report Life s brighter under the sun Table of contents Five years of the Canadian Unretirement Index 2 Section 1: A late retirement

More information

Sun Life Canadian Unretirement Index

Sun Life Canadian Unretirement Index Sun Life Canadian Unretirement Index 2015 Canadian Unretirement Index Report Life s brighter under the sun Table of contents About the Sun Life Canadian Unretirement Index... 2 Will you be working at

More information

TIAA-CREF IRA Survey Executive Summary March 18, 2015

TIAA-CREF IRA Survey Executive Summary March 18, 2015 TIAA-CREF IRA Survey Executive Summary March 18, 2015 1 . TIAA-CREF Survey: Despite Low Contributions, More Americans Will Consider IRAs in Their Retirement Planning According to a new TIAA-CREF survey,

More information

The Voya Retire Ready Index TM

The Voya Retire Ready Index TM The Voya Retire Ready Index TM Measuring the retirement readiness of Americans Table of contents Introduction...2 Methodology and framework... 3 Index factors... 4 Index results...6 Key findings... 7 Role

More information

Money At Work 1: Foundations of investing

Money At Work 1: Foundations of investing It s not about how much money you earn. It s about how much you save and invest. November 12, 2015 A TIAA-CREF Financial Essentials Workshop Bill Thorne TIAA-CREF Money At Work 1: Foundations of investing

More information

UBS Investor Watch. What is wealthy? Top insights: Analyzing investor sentiment and behavior 3Q 2013

UBS Investor Watch. What is wealthy? Top insights: Analyzing investor sentiment and behavior 3Q 2013 UBS Investor Watch Analyzing investor sentiment and behavior 3Q 2013 What is wealthy? Top insights: 1. Wealth equals no financial constraints on activities 2. Cash is still king 3. Investors control risk

More information

Guide to Individual Retirement Accounts. Make a secure retirement yours

Guide to Individual Retirement Accounts. Make a secure retirement yours Guide to Individual Retirement Accounts Make a secure retirement yours Retirement means something different to everyone. Some dream of stopping employment completely and some want to continue working.

More information

Financial Experience & Behaviors Among Women

Financial Experience & Behaviors Among Women Financial Experience & Behaviors Among Women 2010 2011 Prudential Research Study TENTH ANNIVERSARY E D I T I O N A report prepared by Prudential Research 0182849-00001-00 Acknowledgment A Decade of Progress

More information

SOCIETY OF ACTUARIES THE AMERICAN ACADEMY OF ACTUARIES RETIREMENT PLAN PREFERENCES SURVEY REPORT OF FINDINGS. January 2004

SOCIETY OF ACTUARIES THE AMERICAN ACADEMY OF ACTUARIES RETIREMENT PLAN PREFERENCES SURVEY REPORT OF FINDINGS. January 2004 SOCIETY OF ACTUARIES THE AMERICAN ACADEMY OF ACTUARIES RETIREMENT PLAN PREFERENCES SURVEY REPORT OF FINDINGS January 2004 Mathew Greenwald & Associates, Inc. TABLE OF CONTENTS INTRODUCTION... 1 SETTING

More information

Sun Life Canadian UnretirementTM

Sun Life Canadian UnretirementTM Sun Life Canadian UnretirementTM Index 2014 Canadian Unretirement Index Report Life s brighter under the sun Table of contents About the Sun Life Canadian Unretirement Index... 2 Will you be working at

More information

Understanding the advantages and challenges of this retirement plan. Can you establish a SIMPLE IRA? Sole proprietorships. Partnerships.

Understanding the advantages and challenges of this retirement plan. Can you establish a SIMPLE IRA? Sole proprietorships. Partnerships. The SIMPLE IRA Understanding the advantages and challenges of this retirement plan In general, a SIMPLE IRA may be easier for an employer to administer but less flexible than other qualified retirement

More information

Ready. Set. Retire. Exploring the path to and through retirement. A Retirement Experience study from the Voya Retirement Research Institute.

Ready. Set. Retire. Exploring the path to and through retirement. A Retirement Experience study from the Voya Retirement Research Institute. Ready. Set. Retire. Exploring the path to and through retirement. A Retirement Experience study from the Voya Retirement Research Institute. Ready. Set. Retire. This study is a fresh look at the experience

More information

Failing Grades? American Families and Their College Saving Efforts. CollegeSavingsCrunch SM

Failing Grades? American Families and Their College Saving Efforts. CollegeSavingsCrunch SM Failing Grades? American Families and Their College Saving Efforts CollegeSavingsCrunch SM Investment Products Offered Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed Investments Surveying

More information

Welcome! Thanks for investing your time today.

Welcome! Thanks for investing your time today. Welcome! Thanks for investing your time today. Please sign in Fill out your name tag Address your mail card It s not about how much money you earn. It s about how much you save and invest. October 2015

More information

An Educational Guide. MassMutual s State of the American Mom

An Educational Guide. MassMutual s State of the American Mom An Educational Guide MassMutual s State of the American Mom The majority of household financial decisions are made by moms, and with over 85 million in the United States,* this group of women can be very

More information

Contents. Introduction... 1. Key Findings... 1. 1. India s Changing Retirement Landscape... 2. 2. Retirement Expectations and Aspirations...

Contents. Introduction... 1. Key Findings... 1. 1. India s Changing Retirement Landscape... 2. 2. Retirement Expectations and Aspirations... Contents Introduction... 1 Key Findings... 1 1. India s Changing Retirement Landscape... 2 2. Retirement Expectations and Aspirations... 4 3. Retirement Saving and Planning... 7 4. The Retirement Savings

More information

Managing your retirement plan assets. Changing jobs or retiring? Know the options for your retirement plan savings.

Managing your retirement plan assets. Changing jobs or retiring? Know the options for your retirement plan savings. Managing your retirement plan assets Changing jobs or retiring? Know the options for your retirement plan savings. Understand the options for your retirement savings If you are changing jobs, displaced,

More information

9 TH ANNUAL COLLEGE SAVINGS INDICATOR EXECUTIVE SUMMARY OF KEY FINDINGS

9 TH ANNUAL COLLEGE SAVINGS INDICATOR EXECUTIVE SUMMARY OF KEY FINDINGS 9 TH ANNUAL COLLEGE SAVINGS INDICATOR EXECUTIVE SUMMARY OF KEY FINDINGS INTRODUCTION This summary presents key findings from Fidelity Investments 9th Annual College Savings Indicator Study. The study was

More information

Your retirement income. Managing your retirement plan assets

Your retirement income. Managing your retirement plan assets Your retirement income Managing your retirement plan assets Taking control of your retirement assets If you are changing jobs, displaced, or retiring, you may find yourself facing one of the most important

More information

FIRST COMMAND FINANCIAL BEHAVIORS INDEX

FIRST COMMAND FINANCIAL BEHAVIORS INDEX FIRST COMMAND FINANCIAL BEHAVIORS INDEX Third Quarter 2015 FIRST COMMAND FINANCIAL SERVICES, INC. with SENTIENT DECISION SCIENCE, INC WWW.SENTIENTDECISIONSCIENCE.COM POSITIVE TRENDING ON THE FINANCIAL

More information

2015 retirement plan summary

2015 retirement plan summary Understanding the differences among retirement plan alternatives 2015 retirement plan summary If you re establishing a new retirement plan, selecting the appropriate design is the first step in providing

More information

BRIEF. Survey Results Summary

BRIEF. Survey Results Summary Research Insights BRIEF The Role of Real Estate In Funding Retirement Retiree and Pre-retiree Opinions The Fidelity Research Institute is designed to advance knowledge of how proven investment theory and

More information

Fannie Mae National Housing Survey. What Younger Renters Want and the Financial Constraints They See

Fannie Mae National Housing Survey. What Younger Renters Want and the Financial Constraints They See Fannie Mae National Housing Survey What Younger Renters Want and the Financial Constraints They See Copyright 2014 by Fannie Mae May 2014 Table of Contents Research Methodology... 4 Executive Summary.....

More information

ENGAGED INVESTORS READY FOR LONGER LIVES

ENGAGED INVESTORS READY FOR LONGER LIVES ENGAGED INVESTORS READY FOR LONGER LIVES Three years into BlackRock s Global Investor Pulse Survey, we ve begun to see some consistent themes. One of the most striking is the high level of cash Americans

More information

Executive Summary ENT-993

Executive Summary ENT-993 ENT-993 Executive Summary The Allianz Reclaiming the Future Study Executive Summary Methodology Allianz Life Insurance Company of North America contracted Larson Research and Strategy Consulting, Inc.

More information

Advisor Value A Voya Retirement Research Institute Study quantifies the benefits of working with a financial advisor

Advisor Value A Voya Retirement Research Institute Study quantifies the benefits of working with a financial advisor Advisor Value A Voya Retirement Research Institute Study quantifies the benefits of working with a financial advisor In the Voya Retirement Revealed1 study of 4,050 working Americans, just 28% of study

More information

Options for your retirement plan savings

Options for your retirement plan savings Options for your retirement plan savings Are you considering the various options for your retirement plan savings? Know that what you choose to do with your current retirement savings can have a substantial

More information

Alternative Retirement Financial Plans and Their Features

Alternative Retirement Financial Plans and Their Features RETIREMENT ACCOUNTS Gary R. Evans, 2006-2013, November 20, 2013. The various retirement investment accounts discussed in this document all offer the potential for healthy longterm returns with substantial

More information

Graduating with Debt. The Biggest Threat to Young Americans Financial Well-Being? CollegeSavingsCrunch SM

Graduating with Debt. The Biggest Threat to Young Americans Financial Well-Being? CollegeSavingsCrunch SM Graduating with Debt The Biggest Threat to Young Americans Financial Well-Being? CollegeSavingsCrunch SM Investment Products Offered Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed Investments

More information

2014 MILLENNIALS RESEARCH STUDY

2014 MILLENNIALS RESEARCH STUDY 2014 MILLENNIALS RESEARCH STUDY In response to interest about the financial needs and challenges of younger employees, Voya Financial conducted an online survey among roughly 2000 young adults aged 20-34

More information

DC INVESTOR SURVEY. Biannual Report. Financial stress impedes employees ability to take action and hurts the corporate bottom line.

DC INVESTOR SURVEY. Biannual Report. Financial stress impedes employees ability to take action and hurts the corporate bottom line. March 2015 DC INVESTOR SURVEY Biannual Report Financial stress impedes employees ability to take action and hurts the corporate bottom line ii About the Biannual DC Investor Survey Biannual DC Investor

More information

Your 401(k) Quick tips

Your 401(k) Quick tips Your 401(k) Quick tips The 401(k) plan offers you an easy way to prepare for retirement, and provides great benefits that help you boost your savings, including: Company matching contribution of up to

More information

401(k) Plans for Business Owners

401(k) Plans for Business Owners 401(k) Plans for Business Owners Flexible options for companies of all sizes Because large corporations spearheaded the growth of 401(k) plans, many closely held business owners assume this type of plan

More information

RETIREMENT ACCOUNTS (c) Gary R. Evans, 2006-2011, September 24, 2011. Alternative Retirement Financial Plans and Their Features

RETIREMENT ACCOUNTS (c) Gary R. Evans, 2006-2011, September 24, 2011. Alternative Retirement Financial Plans and Their Features RETIREMENT ACCOUNTS (c) Gary R. Evans, 2006-2011, September 24, 2011. The various retirement investment accounts discussed in this document all offer the potential for healthy longterm returns with substantial

More information

WILL YOUR RETIREMENT PLAN RETIRE WITH YOU? UNDERSTANDING YOUR RETIREMENT PLAN OPTIONS

WILL YOUR RETIREMENT PLAN RETIRE WITH YOU? UNDERSTANDING YOUR RETIREMENT PLAN OPTIONS WILL YOUR RETIREMENT PLAN RETIRE WITH YOU? UNDERSTANDING YOUR RETIREMENT PLAN OPTIONS Is Your Employer Retirement Plan Working for You? Whether you re changing jobs or retiring, knowing what to do with

More information

Secure Retirement Institute

Secure Retirement Institute Facts from LIMRA Secure Retirement Institute L IMRA Secure Retirement Institute research finds that most Americans are concerned about having enough money to last their lifetime and remaining financially

More information

A lifetime approach to retirement planning

A lifetime approach to retirement planning Financial Planning Update A lifetime approach to retirement planning Unlike earlier generations, individuals planning to retire over the next two decades face a new set of challenges, including an uncertain

More information

Finding the Links Between Retirement, Stress, and Health

Finding the Links Between Retirement, Stress, and Health Finding the Links Between Retirement, Stress, and Health LOCKTON RETIREMENT SERVICES One in five workers reports feeling high levels of stress, and the top two drivers for this are economic: their jobs

More information

Understanding annuities

Understanding annuities ab Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Protecting your retirement income security from life s uncertainties. The retirement landscape

More information

_ Retirement. Planning for the Stages of. Getting started Your 20s and early 30s

_ Retirement. Planning for the Stages of. Getting started Your 20s and early 30s Planning for the Stages of _ Retirement _ Retirement is being reinvented. It s no longer our parent s retirement. Social Security alone w o n t see us through retirement, especially for higher income earners.

More information

You re the Finance Person You are SUPPOSED to Know!

You re the Finance Person You are SUPPOSED to Know! You re the Finance Person You are SUPPOSED to Know! JOHN TUOHY, CPA DEPUTY TREASURER, ARLINGTON COUNTY ANNE GIBSON POARCH - FINANCIAL ADVISOR, WELLS FARGO ADVISORS, LLC Disclaimers Anne Poarch Wells Fargo

More information

Small Business Owner Report Spring 2014

Small Business Owner Report Spring 2014 1 Letter from Robb Hilson Methodology We are pleased to share the spring 2014 Bank of America Small Business Owner Report, a semi-annual study that uncovers the concerns, aspirations and perspectives of

More information

Retirement Confidence Among Hospital Employees

Retirement Confidence Among Hospital Employees TRENDS AND ISSUES DECEMBER 2011 Retirement Confidence Among Hospital Employees Paul J. Yakoboski Senior Economist TIAA-CREF Institute EXECUTIVE SUMMARY A representative sample of the hospital workforce

More information

Executive Summary. Allianz Life Insurance Company of New York Allianz Life Insurance Company of North America ENT-993-N.

Executive Summary. Allianz Life Insurance Company of New York Allianz Life Insurance Company of North America ENT-993-N. Executive Summary Allianz Life Insurance Company of New York Allianz Life Insurance Company of North America ENT-993-N Page 1 of 6 The Allianz Reclaiming the Future Study Executive Summary Methodology

More information

Americans Views on Defined Contribution Plan Saving. January 2014

Americans Views on Defined Contribution Plan Saving. January 2014 Americans Views on Defined Contribution Plan Saving January 2014 The Investment Company Institute (ICI) is the national association of U.S. investment companies. ICI seeks to encourage adherence to high

More information

The Ariel Mutual Funds/Charles Schwab & Co., Inc. Black Investor Survey. Saving and Investing Among High Income African-American and White Americans

The Ariel Mutual Funds/Charles Schwab & Co., Inc. Black Investor Survey. Saving and Investing Among High Income African-American and White Americans The Ariel Mutual Funds/Charles Schwab & Co., Inc. Black Investor Survey: Saving and Investing Among High Income African-American and Americans April, 2000 0 Prepared for Ariel Mutual Funds and Charles

More information

A Guide to Planning for Retirement INVESTMENT BASICS SERIES

A Guide to Planning for Retirement INVESTMENT BASICS SERIES A Guide to Planning for Retirement INVESTMENT BASICS SERIES It s Never Too Early to Start What You Need to Know About Saving for Retirement Most of us don t realize how much time we may spend in retirement.

More information

RETIREMENT PLANNING 101. November 18, 2014

RETIREMENT PLANNING 101. November 18, 2014 RETIREMENT PLANNING 101 November 18, 2014 WHEN YOU IMAGINE YOUR RETIREMENT, WHAT DO YOU SEE? THE RETIREMENT PLANNING ROAD MAP Implement Plan Basic Questions Crunching Numbers Tax-advantaged Retirement

More information

Retirement: Protecting Your Financial security. Oak Ridge 401(k) Savings Program

Retirement: Protecting Your Financial security. Oak Ridge 401(k) Savings Program Retirement: Protecting Your Financial security. Oak Ridge 401(k) Presented by Alan Still Education Specialist Schwab Retirement Plan Services Company Overview of today s presentation The Importance of

More information

Financial Milestones: Retirement planning. Tips for every stage of life.

Financial Milestones: Retirement planning. Tips for every stage of life. Financial Milestones: Retirement planning. Tips for every stage of life. Retirement by the numbers. Retirement planning is a journey. And the sooner you start, the easier it is. But whether you re in your

More information

A retirement plan guide for small businesses

A retirement plan guide for small businesses A retirement plan guide for small businesses Choosing a plan that benefits you and your employees Benefits of a qualified retirement plan A qualified retirement plan is also a good strategy for reducing

More information

2014 tax planning tables

2014 tax planning tables 2014 tax planning tables 2014 important deadlines Last day to January 15 Pay fourth-quarter 2013 federal individual estimated income tax January 27 Buy in to close a short-against-the-box position (regular-way

More information

AMERICAN CENTURY INVESTMENTS 1998 IRA TEST RESEARCH METHODOLOGY

AMERICAN CENTURY INVESTMENTS 1998 IRA TEST RESEARCH METHODOLOGY AMERICAN CENTURY INVESTMENTS IRA TEST RESEARCH METHODOLOGY A total of 752 interviews were conducted with retirement savers. These are individuals who report having some type of savings or investments specifically

More information

BLUE PAPER. Roth 401(k): Creating a Tax-Advantaged Strategy for Retirement IN BRIEF. January 2016

BLUE PAPER. Roth 401(k): Creating a Tax-Advantaged Strategy for Retirement IN BRIEF. January 2016 BLUE PAPER Roth 401(k): Creating a Tax-Advantaged Strategy for Retirement Roth 401(k) Helps Investors Take Diversification * to the Next Level. IN BRIEF January 2016 Just as a well-diversified portfolio

More information

The 401(k) and the HSA: Partners in long-term savings opportunities

The 401(k) and the HSA: Partners in long-term savings opportunities The 401(k) and the HSA: Partners in long-term savings opportunities Improving your employees financial health Over the past several decades, the 401(k) plan has become the dominant method for providing

More information

Affluent Insights Survey

Affluent Insights Survey Merrill Lynch Global Wealth Management E X A M I N I N I N G T H E V A L U E S, F I N A N C I A L P R I O R I T I E S A N D C O N C E R N S O F A F F L U E N T A M E R I C A N S ABOUT THE AFFLUENT INSIGHTS

More information

7TH ANNUAL COLLEGE SAVINGS INDICATOR EXECUTIVE SUMMARY OF KEY FINDINGS

7TH ANNUAL COLLEGE SAVINGS INDICATOR EXECUTIVE SUMMARY OF KEY FINDINGS 7TH ANNUAL COLLEGE SAVINGS INDICATOR EXECUTIVE SUMMARY OF KEY FINDINGS INTRODUCTION This Executive Summary presents key findings from Fidelity Investments 7th Annual College Savings Indicator study. The

More information

Colony Term. I Life Insurance. The Traditional Term Solution. Consumer Guide ColonySM Term

Colony Term. I Life Insurance. The Traditional Term Solution. Consumer Guide ColonySM Term I Consumer Guide ColonySM Term I Life Insurance Colony Term The Traditional Term Solution Life insurance products underwritten by: Genworth Life and Annuity Insurance Company, Genworth Life Insurance Company,

More information

How to Maximize Your Retirement Savings Investing in Your Retirement

How to Maximize Your Retirement Savings Investing in Your Retirement How to Maximize Your Retirement Savings Investing in Your Retirement As you approach retirement, there are a number of steps you can take to wring the most out of your retirement savings and put yourself

More information

Understanding annuities

Understanding annuities Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Helping to protect your retirement income security from life s uncertainties. The retirement

More information

Simplified Employee Pension (SEP)

Simplified Employee Pension (SEP) Marblehead Financial Services Bill Bartin, CFP Located at Marblehead Bank 21 Atlantic Avenue Marblehead, MA 01945 781-476-0600 781-715-4629 wbartin@infinexgroup.com Simplified Employee Pension (SEP) Page

More information

FINANCIAL EXPERIENCE & BEHAVIORS AMONG WOMEN

FINANCIAL EXPERIENCE & BEHAVIORS AMONG WOMEN FINANCIAL EXPERIENCE & BEHAVIORS AMONG WOMEN 2012-2013 Prudential Research Study FINANCIAL EXPERIENCE & BEHAVIORS AMONG WOMEN 1 FOREWORD Many of the fundamental changes in the lives and experiences of

More information

LONG-TERM CARE IN AMERICA: AMERICANS OUTLOOK AND PLANNING FOR FUTURE CARE

LONG-TERM CARE IN AMERICA: AMERICANS OUTLOOK AND PLANNING FOR FUTURE CARE Research Highlights LONG-TERM CARE IN AMERICA: AMERICANS OUTLOOK AND PLANNING FOR FUTURE CARE INTRODUCTION In the next 25 years, the U.S. population is expected to include 82 million Americans over the

More information

Determining your investment mix

Determining your investment mix Determining your investment mix Ten minutes from now, you could know your investment mix. And if your goal is to choose investment options that you can be comfortable with, this is an important step. The

More information

1Planning Your Financial Future: It Begins Here

1Planning Your Financial Future: It Begins Here This sample chapter is for review purposes only. Copyright The Goodheart-Willcox Co., Inc. All rights reserved. 1Planning Your Financial Future: It Begins Here Terms Financial plan Financial goals Needs

More information

Live Longer. Retire Stronger. Life insurance you don t have to die to use

Live Longer. Retire Stronger. Life insurance you don t have to die to use Life insurance you don t have to die to use Live Longer. Retire Stronger. Living benefit options provide the ability to turn your life insurance contract into an income stream to handle the unexpected.

More information

Colony SM Term. The Traditional Term Life Insurance Solution. Consumer Guide I Colony SM Term I Life Insurance

Colony SM Term. The Traditional Term Life Insurance Solution. Consumer Guide I Colony SM Term I Life Insurance Consumer Guide I Colony SM Term I Life Insurance Colony SM Term The Traditional Term Life Insurance Solution Life insurance products underwritten by: Genworth Life and Annuity Insurance Company, Genworth

More information

2009 Morgan Stanley Smith Barney LLC. Member SIPC.

2009 Morgan Stanley Smith Barney LLC. Member SIPC. Preparing for Retirement: What You Need to Know 2009 Morgan Stanley Smith Barney LLC. Member SIPC. Preparing for Retirement Envision the Next Chapter Understand the Risks Develop a Plan 2 Envisioning the

More information

A Guide to. Planning for Retirement INVESTMENT BASICS SERIES

A Guide to. Planning for Retirement INVESTMENT BASICS SERIES A Guide to Planning for Retirement INVESTMENT BASICS SERIES It s Never Too Early to Start What You Need to Know About Saving for Retirement Most of us don t realize how much time we may spend in retirement.

More information

July 2013. TD Bank Checking Experience Index 2013

July 2013. TD Bank Checking Experience Index 2013 July 2013 TD Bank Checking Experience Index 2013 Introduction Methodology TD Bank US wishes to better understand consumers checking account experiences, behaviors and attitudes. The total sample size includes

More information

Invesco SIMPLE IRA Business owner guide

Invesco SIMPLE IRA Business owner guide Invesco SIMPLE IRA Business owner guide As a self-employed person, how will you pay for your living expenses when you re no longer able to work? And how much will you need? According to U.S. News & World

More information

FINANCIAL PROFILE. 3601 West Washington Avenue Suite 2 Yakima, Wa 98908 509-966-4811 www.reevesfinancial.net

FINANCIAL PROFILE. 3601 West Washington Avenue Suite 2 Yakima, Wa 98908 509-966-4811 www.reevesfinancial.net H E L P I N G Y O U A C H I E V E F I N A N C I A L G O A L S FINANCIAL PROFILE 3601 West Washington Avenue Suite 2 Yakima, Wa 98908 509-966-4811 www.reevesfinancial.net INVEST Financial Corporation is

More information

Raymond James Financial Services September 06, 2011

Raymond James Financial Services September 06, 2011 Raymond James Financial Services Bob Alft Wealth Advisor 220 E. Nine Mile Road Pensacola, FL 32534 850-479-7190 bob.alft@raymondjames.com www.raymondjames.com/bobalft Understanding IRAs Understanding IRAs

More information

Introduction 1 Key Findings 1 The Survey 1. 1. Retirement landscape 2

Introduction 1 Key Findings 1 The Survey 1. 1. Retirement landscape 2 Contents Introduction 1 Key Findings 1 The Survey 1 1. Retirement landscape 2 2. Aspirations and expectations for a changing retirement 2 Canada is ranked third in the AEGON Retirement Readiness Index

More information

Determining your investment mix.

Determining your investment mix. Determining your investment mix. Ten minutes from now, you could know your investment mix: And if your goal is to choose investment options that you can be comfortable with, this is an important step.

More information

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency Understanding annuities An Overview for Your Retirement No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency 2/15 13096-15A Contents Get Ready

More information

About David B. Root, Jr.

About David B. Root, Jr. About David B. Root, Jr. David B. Root, Jr., CFP, AIF Chief Executive Officer D.B. Root & Company, Inc. A financial professional for 30 years, David Root heads a team of independent advisors who combine

More information

The Best of America America s INCOME Annuity

The Best of America America s INCOME Annuity The Best of America America s INCOME Annuity PLAN FOR YOUR RETIREMENT YEARS WITH CONFIDENCE. To help prepare for retirement, consider complementing your retirement plan with The Best of America America

More information

Thank you for joining: 15 Financial Myths Demystified The webinar will begin shortly. If you are experiencing technical difficulties with Adobe

Thank you for joining: 15 Financial Myths Demystified The webinar will begin shortly. If you are experiencing technical difficulties with Adobe Thank you for joining: 15 Financial Myths Demystified The webinar will begin shortly. If you are experiencing technical difficulties with Adobe Connect, please call 1-800-422-3623. 15 Financial Myths Demystified

More information

RETIREMENT ACCOUNTS. Alternative Retirement Financial Plans and Their Features

RETIREMENT ACCOUNTS. Alternative Retirement Financial Plans and Their Features RETIREMENT ACCOUNTS The various retirement investment accounts discussed in this document all offer the potential for healthy longterm returns with substantial tax advantages that will typically have the

More information

VIDEO TITLE: Five retirement plans for small businesses. EXPERT: Carol Ventura, Retirement Services Manager, H.D. Vest Financial

VIDEO TITLE: Five retirement plans for small businesses. EXPERT: Carol Ventura, Retirement Services Manager, H.D. Vest Financial WELLS FARGO BUSINESS INSIGHT SERIES VIDEO TITLE: Five retirement plans for small businesses MODERATOR: Rich Sloan, StartupNation EXPERT: Carol Ventura, Retirement Services Manager, H.D. Vest Financial

More information

Basics of IRAs ING FINANCIAL SOLUTIONS. Your future. Made easier. SM

Basics of IRAs ING FINANCIAL SOLUTIONS. Your future. Made easier. SM Basics of IRAs t FDIC/NCUA Insured t A Deposit Of A Bank t Bank Guaranteed May Lose Value t Insured By Any Federal Government Agency ING FINANCIAL SOLUTIONS Your future. Made easier. SM Traditional IRA

More information

Get help achieving your financial goals.

Get help achieving your financial goals. Get help achieving your financial goals. TIAA-CREF: Committed to your overall financial well-being Did you know? TIAA was founded in 1918 to provide retirement security to university faculty. TIAA-CREF

More information

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE. Tax-advantaged IRAs. Invest in your retirement savings while reducing taxes

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE. Tax-advantaged IRAs. Invest in your retirement savings while reducing taxes NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE Taxadvantaged IRAs Invest in your retirement savings while reducing taxes Find the answers inside Why invest for retirement? p. 1 Discover three good reasons

More information