Filed Under:Annuities, Variable

Transamerica offers retirement recommendations

Retired preparedness has been a buzzword in the American psyche for the last few years with the pitch increasing in the post-Great Recession environment. As droves of baby boomers approach retirement age, many with nest eggs ravaged by the financial crisis, there has been a concerted effort, both public and private, to ensure that Americans are adequately saving for their retirement.

It is no surprise then that a recent Transamerica Center for Retirement Studies (TCRS) report found that 88 percent of small company workers value 401(k) plans such a SIMPLE IRAs or simplified employee pensions plans (SEPs) as a crucial benefit. What could be deemed surprising is that only 58 percent are offered such plans by their employers.

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Nichole Morford

Nichole Morford
Managing Editor

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