Talking Points
Tired of giving the same old presentations? Use these nuggets of information to spruce them up.
Reported by PLANADVISER Staff
- Too Complacent: A TIAA-CREF survey of retirement plan participants found that 36% have never increased the amount of money they contribute to their plan, and 44% contribute less than 10% of their salary.
- Immediate Gratification: Nearly half of Americans start taking Social Security benefits at age 62, even though delaying until 66 or 70 may increase their payments by 33% or 76% a year, respectively, says a report from Mercer and the Stanford Center on Longevity.
- 6.8%: The average 401(k) account balance
increased 6.8%
between year-end 2007 and year-end 2012—notable
because that balance plummeted 34.7% in 2008 when the financial crisis broke, according to joint research from the Investment Company Institute and the Employee Benefits Research Institute. - 1.5 Million People: Nearly 1.5 million people will retire each month in the U.S. between now and 2025, the LIMRA Secure Retirement Institute estimates.
- “We cannot solve our problems with the same thinking we used when we created them.” – Albert Einstein