Americans are living longer. A lot longer. That means we could get to enjoy retirements that last 20 to 30 years or more. Which is great news.
But there are some challenges that come with living longer. We’ll need to finance more years of retirement. And most of us won’t have the income guarantees provided by traditional employer-sponsored pension plans.
Achieving a secure retirement is now, more than ever a personal responsibility, from taking charge of your investments to taking advantage of workplace retirement plans to protecting your wealth against the risk of illness or injury. And the pivotal question is no longer “Do I have enough savings to retire?” It’s “Will I have enough income to last my lifetime?”
Prudential can help you get there with confidence. We offer a range of guaranteed income and protection solutions available through both the workplace and financial professionals. And we’re always working to strengthen the ways people turn years of savings into a lifetime of security.
Our easy-to-use calculators can help you get an idea of what you’ll need to achieve a secure retirement and how long your retirement savings will last.
The National Retirement Risk Index (NRRI) measures the share of American households “at risk” of being unable to maintain their standard of living in retirement. See how annuities and new innovations in workplace retirement plans can impact the Index.
Achieving retirement security may be more challenging than at any time in the last 50 years. But there are reasons for optimism. Prudential outlines three key steps individuals and institutions can take to improve our retirement security prospects.
A secure retirement means being able to live the lifestyle you want, with the confidence of knowing you have the income you need. You may face challenges on the road to retirement. But the good news is, help is easy to find. By working with a professional financial advisor, and utilizing plans at your workplace, you’ll have the opportunity to create a personalized investment strategy. And move closer to achieving the security you’ll need for a long retirement.