Deals & People October 24, 2011

Integrated Retirement Hires VP, Business Development

Integrated Retirement announced the addition of Jayne Fahlen as Vice President, Business Development. 
Reported by

In her new position, Fahlen will assume responsibility for building and managing relationships with the company’s financial institution clients and strategic partners. She will use her industry experience to deliver outsourced retirement savings solutions, along with the Integrated Retirement team. She will report to Pam O’Rourke, Senior Vice President and ERISA counsel for the firm.

Prior to joining Integrated Retirement, Fahlen was with Millennium Trust Company; she has also held sales roles with Universal Pensions, Inc. (acquired by BISYS), RolloverSystems, and Goldleaf Partners.
Data & Research October 24, 2011

One in Five Americans Expect to Retire Before 65

A Transamerica survey found that despite the pessimistic retirement outlook among many American workers, more than one in five (21%) expect to retire before age 65. 
Reported by

The 12th Annual Transamerica Retirement Survey found 52% of people who are planning to retire early have a college degree, 50% are under the age of 40, and 49% report an annual household income of less than $100,000 per year.

These potentially early retirees are likely to have a retirement strategy in place (71%), started saving for retirement at a younger age (median age of 25), and have a 401(k) or similar plan available to them from their employer (75%). They also defer a high percentage of their annual salary into their 401(k) or similar plan (median of 10%). Additionally, these workers are likely to save for retirement outside of work (69%) and be very involved in managing and monitoring their retirement accounts (71%).

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The survey was conducted among 4,080 American workers. Click here to view the full results.

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