Funding their retirement years is perhaps the single biggest financial challenge most Americans face. But it’s not the only challenge. In addition to trying to save for retirement and other long-term goals, individuals also must strive to manage day-to-day finances and protect against key financial risks. It would be ideal for people to work toward all three goals simultaneously.
In the real world, of course, most people don’t have enough money to meet all their financial goals simultaneously and must make ongoing trade-offs that balance their needs and resources. To address these goals, we bring together PGIM’s retirement income pillars and investment capabilities, and Prudential’s financial wellness expertise.
What Is Financial Wellness?
PGIM RetireWell™ Resources
As a part of our onboarding process, our team works with each client to determine their current access to financial wellness information, assess their level of interest in additional materials and streamline the delivery of content to either plan participants or the plan’s recordkeeper.
*ABOUT THE CENSUS Prudential launched the Financial Wellness Census in 2018 to capture and analyze the financial experience of Americans, including their objective financial health—what they earn, own and owe—as well as their subjective sense of their own financial well-being. In each wave, we surveyed more than 3,000 U.S. adults representing three generations—millennials, Generation X and baby boomers—in October 2017, December 2019, and again in May 2020 in the throes of the COVID-19 pandemic.
WELLNESS FRAMEWORK FOR INDIVIDUALS
With the goal of helping American workers achieve their short-term and long-term goals, we offer a step-by-step framework that individuals can follow as they decide how to best manage their finances today while also planning for their future. Embedded in the framework are links to provide a few examples of the holistic educational content that is available to help individuals embark on each step and increase their overall financial literacy.
This material has been prepared and/or collated by PGIM’s affiliate, Prudential Workplace Solutions Group Services, LLC (“PWSGS”). PWSGS provides access to a number of Financial Wellness products, services, seminars and tools offered by PWSGS, its affiliates or third parties. PWSGS is a subsidiary of Prudential Financial, Inc. PWSGS is not a licensed insurance company, does not provide insurance products or services and does not provide financial, investment or other advice. Individuals should consult appropriate professionals when making financial, investment and tax decisions.
This material is for informational and educational purposes only. The information is not intended as a financial plan or investment advice and is not a recommendation about managing or investing your money. In providing these materials, PWSGS is not acting as your fiduciary as defined by any applicable laws and regulations.
Access to third party products, services, seminars and tools (collectively “third party resources”) is provided through PWSGS. PWSGS does not recommend or endorse any third party resources. Any such references are provided for general informational purposes only. PWSGS does not control and cannot guarantee the accuracy, completeness or usefulness of any of the third party resources referenced. Individuals are encouraged to adequately research any such products, services or resources before using. Operators of these third party resources are independent of and not subsidiaries or affiliates of Prudential. When you select a link to a third party website, you become subject to the privacy and security policies of the operators of that third party website.