It's Time to 'Rethink Retirement'
A secure retirement is not a guarantee, and it’s certainly not something that happens on its own. Gone are the days of employer-sponsored pension plans and an infallible Social Security program. Saving in 2017 is a more complicated process, and it takes a financially literate public along with strong leadership in both Congress and the financial services industry to make retirement security a reality for all Americans. It's time that we help Americans 'Rethink Retirement' and focus on holistic and comprehensive retirement plans.
At a time when 78 percent of women are contributing to a retirement savings plan, yet more than half of American women are “very concerned” about their ability to retire, it’s important that all segments of our society are provided with the tools they need to secure a safe and dignified retirement. Contributing to a 401(k) is not always enough, but many people don’t know what other options are available to them. The Insured Retirement Institute (IRI) is proud to partner with America Saves during America Saves Week 2017 to promote good savings behavior and a chance for individuals to assess their own saving status.
This April, the National Retirement Planning Coalition will celebrate National Retirement Planning Week 2017® (April 3-7, 2017) led by the Insured Retirement Institute. The goal of National Retirement Planning Week is to promote the importance of comprehensive retirement planning and to encourage everyone to take action toward a holistic retirement plan. Despite developing trends that have made planning for and funding retirement more difficult, it is still possible to “Retire On Your Terms” if your funds are properly developed and managed. To support these educational and awareness efforts, the coalition maintains www.RetireOnYourTerms.org, which features life-stage specific resources and tools to help Americans focus on their long-term financial goals and retirement planning needs. While National Retirement Planning Week events are concentrated during one week every year, the ideas and resources offered are intended to have a long-lasting impact.
It is our hope that we can instill in the consumer the benefits of working with financial advisors on retirement planning. By breaking down how investments become retirement income, financial advisors play an instrumental role in their clients’ saving process. The role of the financial advisor has become almost essential for those requiring retirement assets outside of their workplace plans – in fact, ninety percent of people working with financial advisors have a portfolio that includes outside assets.
Along with our National Retirement Coalition Partners, IRI hopes to inspire the public and financial professionals to lead the charge to a secure retirement. A dignified retirement for all Americans is possible. We encourage you to participate in America Saves Week 2017 and National Retirement Planning Week 2017 to gain the tools and resources to help you secure your retirement future.
Catherine “Cathy” J. Weatherford is the President and CEO of the Insured Retirement Institute, the leading association for the retirement income industry. Recognized as a thought leader on consumer financial and insurance issues and related regulatory matters, Weatherford is often sought to lend her insights and expertise at national and educational events
- Written by Catherine “Cathy” J. Weatherford, President and CEO, Insured Retirement Institute
- Category: Blog
- Published: 01 March 2017