Although the economic morass has derailed retirement plans and pushed back retirement dates, one positive aspect that can be plucked from the sea of depleted savings and investment accounts is that people are now a lot more open to financial advice.
This was apparent when last year MassMutual was able to enroll 9,000 participants in its RetireSmart educational program. The figure, which was reported Jan 11, is a clear indicator that people are proactively availing themselves to guidance when in the past they might not have been so aggressive in their information gathering.
The RetireSmart program, born out of MassMutual’s Retirement Services Division focuses on helping plan participants “break through barriers and make smarter decisions about their finances.”
MassMutual was able to assemble a wide array of industry experts to lead the presentations. The online seminars typically last about an hour, with 30 minutes being devoted to a presentation and 30 minutes devoted to a Q&A session.
“MassMutual Retirement Services is fully committed to providing plan sponsors and participants with the tools and resources they need to plan for a successful future. The RetireSmart interactive participant education series is designed to do just that, providing information on the topics that are most important to our clients,” said E. Heather Smiley, senior vice president and chief marketing officer at MassMutual’s Retirement Services Division.
Topics that will be discussed in the 2012 program include financial strategies for couples, educating children on their finances, and budgeting and investments.