Many plan sponsors struggle with providing resources for participants to help them determine their retirement readiness. Participants will have many questions and need many answers, including deciding when they want to retire, when they can retire, how much money they will need, how much they have yet to save, and how they are going to spend their money when they retire. Plan sponsors can provide education and a number of tools to participants to help them find these answers.
One useful tool a plan sponsor can offer participants is a checklist to prepare for meeting with their financial advisor. Providing the following information can help the advisor understand the employee’s current financial picture as well as their goals for their financial future:
As you can see, there are many aspects to helping participants determine their retirement readiness. Those who come prepared with the above information to a meeting with their advisor will be in a better position to determine their retirement readiness and get on the path to saving for their financial future.
Contact us for additional tools to help your clients prepare for retirement.
Find a Location
Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA / SIPC. Some insurance products offered through LPL Financial or its licensed affiliates. Associated Financial Group, LLC (“AFG”), Associated Bank, N.A. (“AB”) and Associated Banc-Corp (“AB-C”) are not registered broker/dealers and are not affiliated with LPL Financial.
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AZ, FL, IL, IN, KS, MI, MN, MO, NC, ND, OH, and
Insurance products are offered by licensed agents of AFG. AFG is a wholly-owned subsidiary of Associated Bank, N.A. (“AB“). AB is a wholly-owned subsidiary of Associated Banc-Corp (“AB-C“). AB-C and its subsidiaries do not provide tax, legal, or accounting advice. Please consult with your tax, legal, or accounting advisors regarding your individual situation. AFG‘s standard of care and legal duty to the insured in providing insurance products and services is to follow the instructions of the insured, in good faith.