New Consumer Fact Sheet: The Basics of Investing
By Cathy Weatherford
Insured Retirement Institute (IRI)
May 15, 2013 - Washington, D.C. – The Insured Retirement Institute (IRI) and the National Retirement Planning Coalition (NRPC) released a new fact sheet focused on the basics of investing as part of their six-month national retirement planning campaign. Throughout the month of May, coalition partners are working to promote understanding of investing as it is critical to retirement planning. By the time Americans reach retirement age, assuming they save consistently throughout their working career, most of their accumulated savings will be in investment earnings.
Currently there is a knowledge deficit regarding investing among Baby Boomers. According to research by IRI, only about 17 percent of Boomers believe that they are extremely or very knowledgeable about making financial investments. Even more alarming, more than 40 percent of Boomers say that they are not very or not at all knowledgeable about investing. Such low levels of understanding of investing – an important indicator for determining future retirement security – suggest that many Boomers are financially unprepared for retirement.
The fact sheet is available here.
About the Insured Retirement Institute:
The Insured Retirement Institute (IRI) is a not-for-profit organization that for twenty years has been a mainstay of service, commitment and collaboration within the insured retirement industry. Today, IRI is considered to be the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI proudly leads a national consumer education coalition of nearly twenty organizations and is the only association that represents the entire supply chain of insured retirement strategies: Our members are the major insurers, asset managers, broker-dealers/distributors, and 150,000 financial professionals. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella.
IRI’s mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and advocate before public policy makers on critical issues affecting insured retirement strategies and the consumers that rely on their guarantees. Visit www.IRIonline.org today to experience the vast resources of the Insured Retirement Institute for yourself.
About the National Retirement Planning Coalition:
The National Retirement Planning Coalition recognizes that the need to educate Americans on retirement planning is an ongoing effort and is committed to making this a national priority. The coalition is led by the Insured Retirement Institute (IRI), and its partners include: America Saves; American Benefits Council; American Council of Life Insurers (ACLI); American Institute of Certified Public Accountants; American Savings Education Council (ASEC); Americans for Secure Retirement (ASR); Association for Financial Counseling, Planning, Education; Center for Retirement Research at Boston College; CFA Institute; Defined Contribution Institutional Investment Association (DCIIA); Employee Benefit Research Institute (EBRI); Federal Citizen Information Center (FCIC) of the U.S. General Services Administration; Financial Services Institute (FSI); Financial Services Roundtable (FSR); Financial Industry Regulatory Authority (FINRA) Investor Education Foundation; Jump$tart Coalition; National Association for Fixed Annuities (NAFA); National Endowment for Financial Education; NICSA; The American College; The Aspen Institute; Women's Institute for a Secure Retirement (WISER); and WorldatWork.