TMCNet: Retirement Readiness Begins with Knowledge

[July 01, 2015]

Retirement Readiness Begins with Knowledge

A recent study by the Government Accountability Office revealed that nearly 30 percent of U.S. households with individuals 55 and older do not have any retirement savings or a traditional defined benefit pension plan. As National Retirement Planning Month begins, The Guardian Life Insurance Company of America® (Guardian) reminds Americans that starting the retirement planning process now will lead to a more financially secure retirement in the future.

According to Guardian's RetireWell Survey released earlier this year, only half of the respondents are somewhat confident of reaching their retirement income goals and 77 percent do not have a formal financial plan in place. Despite this, on average, respondents are hoping to replace fully 95 percent of their current income in retirement.

To help Americans start the retirement planning and saving process, Guardian has developed a suite of new educational tools and resources, including:

YouTube Video: Rel-life Guardian clients explain how they developed a retirement plan to meet their financial goals and charitable aspirations with the help of their financial representative.

MyRetirementWalk: An innovative website centered on a customized "walk" through your financial life and supported by calculators, infographics, blogs, and a personality quiz to help you envision your future and create the personalized pathway to get there.

The Vision Test: Online assessment analyzes what type of saver you are to determine how to best plan for retirement. This test asks a series of questions to determine how you spend, save, and look to the future. Your results are accompanied by tips to improve your financial future based on your specific goals.

"Retirement planning is one of the most rewarding things you can do financially, but often getting started is the hardest part. Guardian has developed these resources to help pre-retirees envision their future and, most importantly, begin the process," said Douglas Dubitsky, Vice President of Guardian Retirement Solutions™. "Guardian is committed to constantly improving our services to meet the needs of our clients."

About Retirement Solutions™

The Guardian Insurance & Annuity Company, Inc. (GIAC) issues variable insurance contracts such as variable annuities and variable life insurance; fixed annuities; and 401(k) funding vehicle products. Guardian Retirement Solutions™ refers to the administrative support services, including participant recordkeeping as well as marketing, enrollment and educational materials, provided by GIAC. For more information about retirement planning please visit www.401k.GuardianLife.com or www.MyRetirementWalk.com.

About Guardian

The Guardian Life Insurance Company of America® (Guardian) is one of the largest mutual life insurers with $6.8 billion in capital and $1.3 billion in operating income in 2014. Founded in 1860, the company has paid dividends to policyholders every year since 1868. Its offerings range from life insurance, disability income insurance, annuities and investments for individuals to workplace benefits, such as dental, vision, and 401(k) plans for businesses. The company has approximately 6,000 employees and a network of over 3,000 financial representatives in more than 70 agencies nationwide. For more information about Guardian, please visit www.GuardianLife.com.

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