ST. PAUL, Minn.--(BUSINESS WIRE)--Americans are notoriously under-prepared for a financially secure retirement,1 but it’s never too late to develop a plan for building retirement income. National Retirement Planning week, April 7 – 11, is an opportunity to get started and Securian’s Retirement GPS retirement income planning site is a good place to begin.
“A little knowledge can go a long way in helping to improve financial security in retirement,” said Kerry Geurkink, manager, Individual Annuity Distribution, Securian Financial Group. Here are some examples:
- Develop a retirement income estimate by identifying every possible source including pensions, retirement savings and social security.
- A visit to www.ssa.gov shows there are many ways to maximize Social Security retirement benefits and boost monthly payments.
- Be realistic when estimating life expectancy. Most people underestimate it by an average of 10 years.2
- Prepare for inflation by diversifying investments, working past retirement age or purchasing retirement income products.
Retirement GPS – Keeping your dreams on course® is loaded with educational articles, videos, a planning guide, a workbook and a map for contacting a Securian advisor anywhere in the US.
“Creating a retirement income plan may seem daunting, but it’s doable,” said Geurkink. “A financial advisor can help keep the process on track.”
Securian is a member of the Insured Retirement Institute, a member of the National Retirement Planning Coalition which also provides useful information at its Retire On Your Terms website including checklists, fact sheets and calculators.
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 life insurance groups, it is the holding company parent of several companies.
Insurance products are issued by Minnesota Life Insurance Company in all states except New York where products are issued by Securian Life Insurance Company, a New York authorized insurer. Both companies are headquartered in Saint Paul, MN and each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Product availability and features may vary by state.
DOFU – 04-2014
1 National Risk Retirement Index, Center for Retirement
Research, November 2012,
2 "Counting the Years: Seeing the Possibility of a Long Retirement,” Ernst and Young, 2008