This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Principal Issues Retirement Savings Challenge

In an effort to boost financial fitness and retirement savings, the Principal Financial Group ® raises the savings bar with a 10% Challenge to retirement plan participants and a new way to track progress through a Retirement Wellness Report. The challenge and the report, which offers a personalized look at current retirement savings and estimated monthly retirement income, can help participants get on track for a healthier retirement.

“Nationwide as few as one in five employees are on track for retirement, making financial stress a constant pressure in their lives. That’s why we’re challenging individuals to step up and exercise their financial fitness in the same way they do their physical wellness to make a significant impact on the long-term health of their retirement savings,” said Jerry Patterson, senior vice president Retirement and Investor Services for The Principal ®. “Based on our extensive research on savings behavior, we are fundamentally changing our approach with retirement plan participants. New tools like the Retirement Wellness Report and the 10 percent challenge harness the power of human nature to make a significant impact on the health of retirement savings.”

Drop and give 10

The Take the 10% Challenge is an educational campaign that encourages participants to push themselves in the race toward retirement security by deferring at least 10 percent of their salary. Those who accept the challenge are eligible to win a Fitbit Force TM to help better monitor their physical fitness progress 1.

“Our analysis has found that, on average, participants need to save at least 10 percent of salary plus employer match over the course of a working career in order to save enough for a secure retirement,” said Patterson. “That’s nearly twice as much as what people are saving now. If goals and rewards motivate people to get physically healthy, why not use the same approach to help them build financial health?”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs