Retirement Income Beliefs: A Roadmap to Optimal Solutions
PGIM’s DC Solutions team shares five retirement income beliefs that are important to delivering reliable, long-term income for retirees.
RETIREMENT INCOME
THE CHALLENGE
One of the greatest financial challenges facing American workers today is transforming accumulated wealth and savings into an adequate income stream that will last throughout their retirement. As the retirement solutions provider of PGIM, our goal is to deliver innovative defined contribution solutions founded on market-leading research and investment capabilities to address this challenge.
We believe the current system is not optimized for solving for lifetime income, and transformational enhancements are needed in order to bring retirement income solutions to American workers and retirees.
THE SOLUTION
Bringing retirement income solutions to American workers and retirees will require a thoughtful, personalized, outcomes-based framework. Our approach is based on five key retirement income pillars which we believe will not only reshape the DC marketplace, but provide plan sponsors with a path towards delivering reliable retirement income for their participants.
PGIM’S 5 KEY RETIREMENT INCOME BELIEFS
PGIM RETIREWELL™
PGIM DC Solutions is building comprehensive products that seek to help the American worker save and spend in retirement. Our PGIM RetireWellTM solutions focus on two principal goals of an individual: financial security and well-being, and the ability to meet financial goals and enjoy financial freedom in retirement. To address these goals, we bring together PGIM’s retirement income pillars and investment capabilities, and Prudential’s financial wellness expertise.
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Spending Flexibility and Optimal Portfolio Risk Levels
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