The New Retirement Mindscape from Ameriprise Financial - Podcast

MINNEAPOLIS, ñ Ameriprise Financial (NYSE: AMP) today launched its second podcast in a series of two that feature discussions about the landmark study, The New Retirement Mindscape from Ameriprise Financial. The podcast is available on the web at ameriprise.com/sponsors-podcasts and is also accessible from the Apple iTunes Music Store Podcast Directory.

In this second edition, Rusty Field, Vice President of Financial Education and Planning Services - Ameriprise Retirement Services, discusses the findings of The New Retirement Mindscape study from a workplace perspective, exploring implications for employers, employees and retirement plan benefits. Janet McCune, Group Vice President - Ameriprise Retirement Services, leads the discussion.

The dialogue reveals insights about how the emotional stages of retirement impact workers and their savings behaviors as they begin the transition fifteen years or more prior to their actual retirement date. While this emotional journey is inevitable, understanding these stages can help employers more accurately measure the effectiveness of their retirement plan benefits, improve the design of their retirement plans and better shape their retirement education programs to help more of their employees achieve retirement security.

Remarks from Rusty Field excerpted from the podcast:

ìWe spend our whole lives defining ourselves around our work, and sometimes twenty, thirty, forty years in the workplace. Then, all of the sudden, we are done. Have we defined the social connections that we want, have we defined what we want to be doing, have we thought about how we are going to fill our lifeówhich could last for thirty years in retirementówith something different thatís meaningful to us, that motivates us and that keeps us energized in that phase?î

ìEmployers need to think about changing the concept of how we measure the success of the [retirement] planófrom the traditional metrics of participation, thatís important, fund performance, thatís important; but are people truly using the plan effectively? And are they going to be able to generate retirement income to be able to live those years and be better prepared financially to manage the emotional stages that we just talked about?î

The first podcast in this series is still available online, and features a conversation between Craig Brimhall, Vice President of Retirement Wealth Strategies for Ameriprise Financial, and Ken Dychtwald, Ph.D., CEO of Age Wave and one of the nationís foremost visionaries and original thinkers regarding the lifestyle, marketing and workforce implications of the ìage waveî or baby boomer generation.

Distributed by HR Marketer.com