2nd Podcast Now Available: The New Retirement Mindscape(SM) in the Workplace.MINNEAPOLIS -- A Conversation about the Workplace and Retirement Plan Implications of the Emotional Stages of Retirement with Rusty Field, Vice President of Financial Education and Planning Services Ameriprise Financial Ameriprise Financial, Inc. (NYSE: AMP) is a company offering financial advice and products. It is the successor to American Express Financial Advisors (AEFA), which was a subsidiary of the American Express Company. (NYSE NYSE See: New York Stock Exchange :AMP) today launched its second podcast (iPOD broadCAST) An audio broadcast that has been converted to an MP3 file or other audio file format for playback in a digital music player or computer. The "pod" in podcast was coined from "iPod," the predominant portable, digital music player, and although podcasts are in a series of two that feature discussions about the landmark study, The New Retirement Mindscape mind·scape n. A mental or psychological scene or area of the imagination. 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:
"We 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 life--which could last
for thirty years in retirement--with something different that's
meaningful to us, that motivates us and that keeps us energized in
that phase?"
"Employers need to think about changing the concept of how we
measure the success of the (retirement) plan--from the traditional
metrics of participation, that's important, fund performance,
that's 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?"
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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Age Wave and one of the nation's foremost visionaries and original thinkers regarding the lifestyle, marketing and workforce implications of the "age wave" or baby boomer baby boomer also ba·by-boom·er n. A member of a baby-boom generation. Noun 1. baby boomer - a member of the baby boom generation in the 1950s; "they expanded the schools for a generation of baby boomers" boomer generation. About The Study Working with Age Wave and Ken Dychtwald Ph.D., as well as Harris Interactive Harris Interactive (NASDAQ: HPOL) is an American market research company that specializes in public opinion research using both telephone and surveys on online panels. The company is the product of a 1996 merger between the Gordon S. Black Company and Louis Harris & Associates. , a leading market research firm known for the Harris Poll(R), Ameriprise Financial launched a national survey in August 2005, the first study to explore people's attitudes, worries, behaviors, ambitions, and needs in retirement. The New Retirement Mindscape study was fielded to more than 2,000 Americans ages 40-75 and revealed the five emotional stages of progression into retirement. Harris Interactive fielded the study via a telephone survey in August 2005 to 2,000 adults age 40 to 75 with a margin of error of the overall sample of +/- 2.2 percent at the 95 percent confidence level. About Ameriprise Retirement Services Ameriprise Retirement Services, a service group of Ameriprise Financial Services, Inc. and Ameriprise Trust Company, provides employers with an extensive package of financial education, recordkeeping, investments and directed trustee services for their retirement plans, as well as workplace financial education programs. For more information on Ameriprise Retirement Services, visit ameriprise.com/sponsors. Ameriprise Financial, Inc. is a leading financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and services company that provides solutions for clients' asset accumulation, income management and insurance protection needs. Through a nationwide network of more than 10,000 financial advisors, Ameriprise Financial delivers tailored solutions to clients through a personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. financial planning approach built on a long-term relationship with a knowledgeable advisor. The Company specializes in meeting the retirement-related financial needs of the mass affluent Mass affluent and emerging affluent are marketing terms used to refer to the growing high end of the mass market. It is most commonly used by the financial services industry to refer to individuals with US$100,000 to US$1,000,000 of liquid financial assets,[1] . Financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and investments are available through Ameriprise Financial Services, Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . For more information, visit ameriprise.com. Ameriprise Retirement Services is a service group of Ameriprise Financial Services, Inc. and Ameriprise Trust Company. Ameriprise Financial Services, Inc., Member NASD, offers registered investments and financial planning services. Ameriprise Trust Company offers retirement plan related services and provides collective funds. For more details on the study findings, and to get a copy of The Dream Book(SM), visit ameriprise.com/mindscape. (C) 2006 Ameriprise Financial, Inc. All rights reserved. Apple and iTunes are trademarks of Apple Computer, Inc. First use: 4/06 |
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