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Digital News Report – As the economy tanked over the past couple years, many retirees and people about to retire have been forced to re-evaluate their retirement plans, according to a recent release from Prudential Life.
Market conditions have forced people to review the retirement industry with a “harsh spotlight”. This could be a good thing though, especially when you are considering a defined contribution (DC) plan.
Prudential recommends people look for weaknesses in plans. Here are some of the things to look for:
1) Are you saving enough?
2) Is your retirement income protected from market downturn
The company has created a new “Enhanced Retirement Security” plan. They call it a new model designed to manage and help put more Americans on a path to secure retirement.
Their new plan incorporates built-in risk protection, autopilot retirement planning, and streamlined plan operations.
The company says that a new analysis conducted by Ernst & Young, is “integral to the report, and demonstrates how a redefined plan can dramatically improve outcomes for plan sponsors and participants.”
Click here to see the Prudential Report
By: Tina Brown
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