ING U.S. Poll Shows More Americans Must Enter The Retirement 'Race'
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.
(Photo: http://photos.prnewswire.com/prnh/20121101/CL04122-INFO)
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:- Conditioning: Start getting into financial shape by saving regularly for retirement through a workplace savings plan and/or an IRA.
- Training: 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 savings goals.
- Maintaining 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.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
