Sometimes the Simplest Ideas are the Best

Saving for retirement should be easy as 1-2-3. So why do we have a “retirement readiness crisis”?

Because retirement savings plans and tools offered by employers are not simple. They make demands. For attention. For sacrifice. And for decisions many employees aren’t geared up to make.

We think there are some simpler ideas to tackle this crisis.

Just Start

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Most retirement planning tools and educational material are well done, informative and easy to use.

But people get distracted. Put it off. Inertia sets in and nothing happens.

Retirement savings plans should simplify the basic steps – getting started, setting goals, getting real about what to do.

Automation gets people started. It should also guide them along the way.

Simple Idea 1Just Start

Stay on Track

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Simple Idea 2Stay on Track

Saving for retirement is a marathon, not a sprint.

Each year, the plan should review progress toward retirement security and automatically make changes, as needed.

If there is a period of poor investment performance, the plan should automatically make adjustments to keep people on track to a secure retirement.

Life happens. So should retirement.

Get Paid Back

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Simple Idea 3Get Paid Back

People live on budgets their entire working life. Why should retirement be any different?

Yet most savings plans stop working once a person retires.

Instead, the plan should send a monthly paycheck. And automatically make whatever adjustments are needed to help the money last.

Life goes on. So should the money.

“When people want to save but can’t bring themselves to do it, their retirement funds need to do the saving for them – automatically.”

Jason Zweig, “How to Save More For Retirement Without Really Trying.”

Sometimes the simplest ideas are the best.Find out how to transform your savings plan into a retirement program that simply works.

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