Nationwide Financial supports National Save for Retirement Week, Oct. 16-22
Offers tips on planning for retirement
FOR IMMEDIATE RELEASE
October 17, 2011
Erica Lewis (614) 249-0184
Columbus, OH — The current challenges facing the U.S. economy have left many of today’s workers concerned about their retirement security. In fact, according to the Employee Benefit Research Institute (EBRI) the percentage of workers not at all confident about having enough money for retirement grew to 27 percent in 2011, the highest level measured in the 21 years EBRI has been conducting their survey.1
National Save for Retirement Week is an initiative led by the National Association of Government Defined Contribution Administrators (NAGDCA) to raise awareness about the importance of saving for retirement and to encourage workers to take full advantage of their employer-sponsored retirement plans.
To support National Save for Retirement Week, Nationwide Financial's public-sector retirement plans business, Nationwide Retirement Solutions, has created a series of resources for plan sponsors and plan participants. These resources include a website, retirement checklist, educational workshops and event support for plan sponsors.
“This week should serve as a reminder for all workers, regardless of whether they support the public- or private-sector that they need to take a proactive role in preparing for their retirement,” said Anne Arvia, senior vice president of Retirement Plans for Nationwide Financial. “We encourage workers to use National Save for Retirement Week as an opportunity to review their retirement plans and to take action.”
Nationwide Financial offers workers the following tips for reaching
their retirement goals:
• Find out where you stand. The Nationwide On Your Side Interactive Retirement PlannerSM is a free and interactive online resource that let’s you gauge where you stand in regard to your retirement goals and tips.
• Participate in your workplace retirement plan. Contribute to a tax-advantaged employer-sponsored plan such as a 401(k), 457(b) or 403(b). Also, many employers offer to match employee contributions up to a certain percentage. If your employer offers a match, make sure you are contributing enough to take full advantage of the company match. Lastly, diversify your retirement dollars among the available investments in a way that reflects your risk tolerance and time horizon.
• Consult a professional. Taking the time to plan for your retirement now can make a huge difference down the road. An investment professional can help you evaluate your retirement goals and develop an investment strategy to meet your needs. They can discuss options with you to provide you with income throughout retirement. Visit nationwide.com for tips on how to choose an investment professional who may be right for you.
For more information about National Save for Retirement Week, please visit the website. To learn more about the retirement challenges today’s workers face, please watch this short video featuring Anne Arvia.
Nationwide, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by A.M. Best. The company provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions and long-term savings plans. For more information, visit www.nationwide.com.
Annuity and life insurance products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio. Unless otherwise noted, the general distributor is Nationwide Investment Services Corporation, member FINRA (in MI only: Nationwide Investment Svcs. Corporation).
Nationwide, Nationwide Financial, the Nationwide framemark, Nationwide YourLife and On Your Side are service marks of Nationwide Mutual Insurance Company.
1. Employee Benefit Research Institute, 2011 Retirement Confidence Survey, March 2011.