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 20 2012: As a family physician I have learned that few of my patients other than government workers with pensions expect to retire. Most of my patients believe that they will work until they are sick, confused, or 80 (whichever comes first).
    They expect that they will need those years to compensate from lost income from DIVORCES first, and poor investments
    second. Government workers expect to retire after 30 years of work. If they are lucky enough to start work at age 22
    they expect to collect 30 or 40 years of pensions.
    With the poor investment options available (see the Economist cover article..."No where to hide")...most people can no longer count on investments to permit retirement. So the solution to the Social Security question "how can we afford this"...well...people will not retire until they are very old...or very frail.
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      Apr 20 2012: i would point out that government workers are having false hopes. government promised them money, but where will they get it? what if the government finds out that these promises can not be kept. what if they cut it heavily? either through direct cut, or lying and deceiving (like inflation). because promising is easy. i can promise myself.

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