PRUDENTIAL FINANCIAL, INC. "One of the greatest challenges of our time is retirement security, which is why creating a retirement plan with guaranteed income options that can produce a steady stream of income lasting through retirement is important," says Christine Marcks, president of Prudential Retirement. "This study demonstrates that women are cognizant of where they stand regarding their retirement readiness. Now it's up to financial services companies to help educate them on how to prepare."
Marcks also points out that Americans are living much longer than previous generations, and that women generally have longer life expectancies than men. "Because of increased longevity, women may find that calculating exactly how much they need to save for retirement can be challenging," Marcks says.
The study results, released July 15, also revealed that contrary to popular belief, women and men often exhibit similar amounts of comfort and discomfort with their ability to make wise financial decisions. For example, 80 percent of women and 76 percent of men feel unprepared to make financial decisions.
Interested in learning more? Visit www.prudential.com/women. Want to speak with Christine? Contact Josh Stoffregen.
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Guarantees are based on the claims-paying ability of the insurance company and are subject to certain limitations, terms and conditions. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT or its affiliates. PRIAC is a Prudential Financial company. ©2014 Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.
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