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ST. PAUL, Minn.--(BUSINESS WIRE)--Changes in employee benefits, longer life spans, uncertainty about Social Security and Medicare, and the rising cost of health care have made planning for and funding retirement difficult. Combined with the fallout from the recent recession, the result is that Americans are experiencing low levels of confidence in their retirement expectations.
The Insured Retirement Institute (IRI) reported last year that one fourth of all baby boomers have little to no confidence in their ability to meet their retirement goals. But the National Retirement Planning Coalition—a group of financial industry and advocacy organizations—says it’s not too late to develop a financial roadmap and a plan for saving.
The coalition organized National Retirement Planning Week® April 9 – 13, during Financial Literacy Month. Securian Financial Group supports this national effort to help consumers focus on their financial needs in retirement.
“Everyday priorities prevent many workers from creating comprehensive retirement income plans and retirement savings will be inadequate for many people,” said Kerry Geurkink, director, Individual Annuity Marketing, Securian Financial Group. “The good news is that it’s never too late to achieve a level of financial security in retirement. It all begins with planning.”
Securian created Retirement GPS, an award-winning step-by-step strategy that consumers and their financial advisors can use to guide their retirement income planning efforts. The Retirement GPS site is loaded with materials that assist retirement income planning:
National Retirement Planning Week® and other National Retirement Planning Coalition activities show how to “Retire On Your Terms” with comprehensive retirement plans that are properly developed and managed. The coalition offers consumers and financial professionals tools available at retireonyourterms.org that assist with long-term financial goals.
Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, it is the holding company parent of a group of companies that include Minnesota Life Insurance Company and Securian Life Insurance Company, a New York admitted insurer.
DOFU – 0412
Securian Financial Group
Maggie Jensen, APR, Media Relations Consultant, 651-665-7558
Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York admitted insurer. Both companies are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
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