Online Portal Helps Financial Pros Provide Retirement Income Education
The Principal expands self-serve online education
October 5, 2010 (Des Moines, Iowa) - As a tidal wave of baby boomers closes in on their golden years, they face the daunting challenge of turning retirement savings into retirement income.
But only 14 percent of pre-retirees actually have a written plan to guide them. Financial professionals with the right tools have a tremendous edge in boosting their retirement income planning business.
A newly expanded Retirement Education Portal from the Principal Financial Group® offers financial professionals easy access to a comprehensive online library focused on retirement income planning in addition to tools and resources for overall retirement plan education.
“There is a critical need to help pre-retirees shift their focus from retirement saving to retirement income,” said Tim Minard, vice president of distribution for retirement and investor services at The Principal®. “This expanded portal makes it easy for financial professionals to build retirement education plans for those nearing retirement—both plan participants and individual investor clients.”
The self-service Retirement Education Portal allows financial professionals to select materials based on number of years prior to retirement or by the stages of retirement planning. Resources include:
- Education plans that can be tailored to clients
- One-on-one and group meeting materials
- A step-by-step guide to planning and conducting more effective education meetings
- The new Education Edge magazine with information about new educational offerings
“The new portal makes it easy for financial professionals to pick and choose resources that match how they want to deliver retirement income planning education,” said Minard. “Whether they elect to take the lead or want our help, we’re committed to supporting how financial professionals want to serve their clients.”
In addition to the expanded portal, financial professionals also have access to local education personnel who conduct both group education meetings and one-on-one meetings with participants. The expanded portal is the latest resource from Principal Retirement Income EdgeSM, a comprehensive program equipping financial professionals with education, tools and other retirement income planning resources to help them grow and manage their businesses.
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About the Principal Financial Group
The Principal Financial Group® (The Principal®) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $284.7 billion in assets under management and serves some 18.9 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
- Pre-retiree Participant Survey, the Principal Financial Group, June 2010
- The Principal Financial Group and The Principal are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
- As of June 30, 2010.