April 3-7 is National Retirement Planning Week 2017, a national effort designed to bring attention to and help consumers focus on their financial needs in retirement.
The National Retirement Planning Coalition (NRPC), a group of prominent education, consumer advocacy and financial services organizations led by the Insured Retirement Institute (IRI), is supporting the movement with a number of coalition activities throughout the week.
The goal is to promote the importance of comprehensive retirement planning. Despite developing trends that have made planning for and funding retirement more difficult – it is still possible for Americans to “Retire On Your Terms” if comprehensive retirement plans are properly developed and managed.
The NRPW Toolkit makes a variety of resources available that advisors can use to help support and raise awareness this week, including a social media guide, digital toolkit, pertinent retirement statistics, banners and images, a stock news release, sample newsletter and a sample proclamation.
The Retire on Your Terms website includes tools to help Americans develop a plan based on their life stage – student, career-builder, mid-career, late career, and ready for retirement. It also provides information about budgeting, asset management, Social Security, investments, fraud prevention and healthcare.
While Day 1 of NRPW on April 3 featured a media kickoff call and information about consumer insights and behaviors (including a new study about boomer retirement preparedness – see next page), Tuesday’s focus is on challenges women face in retirement. Resources include a free ebook download of IRI President Cathy Weatherford’s book, titled “Women and Wealth: Inspiring Stories from Real Women on the Path to Financial Success.” Another feature today is an infographic (see below) with statistics about family caregivers.
Wednesday’s focus is on holistic retirement planning, including a guide to indexed annuities, retirement workshops, a retirement preparation quiz and more. Thursday’s theme is “Reach Your Retirement Goals,” featuring a “9 Annuity Questions” guide and budgeting tools resource.
Long-Term Care Planning takes center stage on Friday, with a Twitter chat at 1 p.m. EDT, the SoA Longevity Illustrator, how AARP is helping with LTC, and more.
According to the Employee Benefit Research Institute, only 60% of people in the U.S. are saving for retirement, which is another reason the coalition wants Americans to think more about retirement.
Next page: Baby boomers’ challenging retirement math
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