TED Conversations

Closing Statement from Christine C. Marcks, Prudential Retirement

Thank you all for a dynamic conversation over the past three weeks around how we -- as individuals, as financial services providers and as a society -- can help address the challenge of retirement as people live longer. TED Conversations is a new forum for us, and we found your comments and this experience very insightful.

I believe there are concrete steps people can take to better prepare for their retirement. For starters, workers can improve their savings and investing behavior. Secondly, participants in workplace plans such as 401(k)'s should try to include some sort of guaranteed income component in their retirement planning.

We will also continue this conversation in other forums, and will add to the national debate through white papers on our company's Research & Perspectives site, http://research.prudential.com/view/page/rp .


Christine C. Marcks
Prudential Retirement

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    Apr 11 2012: Our work at the Center for Retirement Research indicates that working a few years longer -- not forever -- makes a major difference. Many people today still retire around 62-64. Moving those averages up to the mid-late 60s significantly raises monthly Social Security benefits and gives one's savings more chance to grow. As most of us can expect to live longer than our parents, working a bit longer will still leave time to enjoy retirement.

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