ING U.S. Poll Shows More Americans Must Enter the Retirement 'Race'
Consumers say saving for retirement is more difficult than training for a
WINDSOR, Conn., Nov. 1, 2012
WINDSOR, Conn., Nov. 1, 2012 /PRNewswire/ -- With the annual ING New York City
Marathon on Sunday, Nov. 4, ING U.S. today released data^1 revealing that over
half of consumers (56 percent) think saving for retirement is more difficult
than training for a marathon (44 percent). The data points to a need for
consumers to be more aware of their "financial fitness," applying the same
strategies they would in marathon training — a plan and long-term focus — to
their financial planning efforts.
According to the results, a majority (53 percent) noted that they consider
themselves to be only "warming up" when it comes to their financial fitness,
having only just begun saving for retirement, while 12 percent are just
watching from the sidelines, admitting they have not started saving for
retirement at all. About a third (32 percent) of respondents believed they are
on track to retire on time, and only three percent of all respondents have
"crossed the finish line," having already met their retirement goals.
"Whether or not you commit to running 26.2 miles in life, every American
should 'get into the race' when it comes to their retirement planning," said
Maliz Beams, chief executive officer of ING U.S. Retirement. "It's very
similar to long-distance running — preparing for a secure retirement requires
the same discipline, training and long-term strategy. Short-term goals should
also be set, including revisiting and tracking your savings and investment
plans on a regular basis."
ING U.S. urges consumers to start preparing today for the financial security
they expect and deserve tomorrow by taking incremental steps with their
retirement planning and saving:
oConditioning: Start getting into financial shape by saving regularly for
retirement through a workplace savings plan and/or an IRA.
oTraining: Get into the habit of regularly reviewing your investments and
assessing your entire financial fitness. This includes reviewing your
family's insurance needs and identifying your short- and medium-term
oMaintaining Momentum: Continue to be vigilant with your finances and
consider consulting a professional coach (financial advisor) who can help
put you on the right track.
As a leader in retirement savings, ING U.S. offers tools, resources and
support to help more Americans save for the future while protecting their
families along the way. Visit http://ing.us/ for additional tools and
ING U.S. marks its 10^th anniversary as title sponsor of the ING New York City
Marathon this year. More than 47,000 runners are expected to run the race this
Sunday, Nov. 4. The company has also created an online running community
called ING Runner's Nation on Facebook, and supports youth running and fitness
programs through the ING Run For Something Better Program.
ING U.S. constitutes the U.S.-based retirement, investment and insurance
operations of Netherlands-based ING Groep N.V. (NYSE: ING). In the U.S., the
ING U.S. family of companies offers a comprehensive array of financial
services to retail and institutional clients, including retirement plans, IRA
rollovers and transfers, stable value, institutional investment management,
mutual funds, alternative investments, life insurance, employee benefits,
fixed and indexed annuities and financial planning. ING U.S. holds top-tier
rankings in key U.S. markets and serves approximately 13 million customers
across the nation. For more information, visit http://ing.us.
^1Findings are from a survey conducted by ORC International during the period
of Oct. 5-13, 2011. Respondents were 4,050 adults between the ages of 25 and
69 who are employed full-time with an annual household income of $40,000 or
greater. Data were weighted to make the results representative of the U.S.
SOURCE ING U.S.
Contact: Phil Margolis, ING U.S., +1-860-580-2676, firstname.lastname@example.org
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