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Transitioning to retirement
Transitioning from working to retirement is a major shift for many people. Creating and following long-term financial plans that incorporate retirement income options can be the key to success. Get insights and resources to help you connect your clients with strategies that may meet their individual needs.
Retirement income remains a stable focus
Our Q1 2021 edition of the Principal® Retirement Security Survey focused on collecting insights from consumers and plan sponsors about retirement income-related topics. Despite COVID’s impacts, saving for and generating a retirement income were still top of mind for consumers and employers. Learn more about what specific retirement income topics rose to the top in our January 2021 survey findings.
Plan sponsor
FIELDED IN JANUARY 2021
Principal® Retirement Security Survey Q1
Consumers
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I would feel more confident with my retirement savings and finances if I knew projections of how much I will need when the time comes, how much outflow of money there will be, and how long it will last ... and what I need to do each month from here on out to reach the goal I need.
Survey respondant (Worker)*
Common approaches to retirement income
How your clients create retirement income is an important step toward being able to enjoy retirement with confidence. Help your clients understand common approaches and discuss which may be right for their finances.
Among very confident retirees, those who chose income flooring over other common approaches are:1
Happiest
68%
of retirees
Prepared
58%
of retirees
Confident
43%
of retirees
Learn more
Contact your local Principal® representative or your support team:
Annuities and income solutions: 866-309-1623
Retirement plans: 800-952-3343
Mutual funds: 800-222-5852
1 2020 Principal® Retirement Income survey.
This information is educational only and provided with the understanding that Principal® is not rendering consulting, legal, accounting, investment or tax advice. You should consult with appropriate individuals including counsel, financial professional or other advisors on all matters pertaining to business, legal, tax, investment or accounting obligations and requirements.
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