Today is the last day of National Retirement Planning Week 2012. Sponsored by the National Retirement Planning Coalition, the week is held annually during April, Financial Literacy Month
, as part of an effort to create awareness of the need for comprehensive retirement planning.
The coalition hosted a series of events this week, including:
- A conference call with reporters to release new IRI research findings on boomer’s retirement readiness
- A webinar for advisors on how Social Security can fit into a winning retirement strategy
- A meeting at the Commodity Futures Trading Commission on retirement trends, research and planning tools
- The release of a package of FINRA-reviewed documents to help advisors provide clients with a plan for a financially secure retirement.
In addition, many carriers and industry companies added their support this week.
AXA Equitable compiled a suite
of mobile retirement planning apps, tools and online resources, including virtual retirement consultations with financial professionals and retirement calculators for smartphone users.
Meanwhile, Prudential released a new white paper
encouraging Americans who are not saving for retirement to begin investing at least 1 percent of their income in a 401(k) plan. "For those who are already on the savings path, we recommend using this week as an opportunity to add at least 1 percent to current savings rates," said Christine Marks, president, Prudential Retirement.
The Women’s Institute For A Secure Retirement (WISER) re-relased a fact sheet, 10 Ways that Boomer Women (and Men) Can SAVE Themselves from Retirement Shortfalls
Allianz Life launched a new video series, The ABCs of Annuities
, that details the importance of taking an active role in planning for retirement and explains how annuities can fit into a well-rounded retirement strategy.
How about you? Does your practice do anything special to support educational efforts like National Retirement Planning Week and Financial Literacy Month? Given the depressing figures about Americans’ retirement savings that come out seemingly every week, this is a topic that can’t be brought up often enough.