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IALC Executive Director Jim Poolman:

Sitting with a financial planner and using a retirement calculator can help you determine where you are, where you want to be, and the savings vehicles to help you get there. Corporate retirement plans are not the only way to reach retirement—vehicles, like Fixed Indexed Annuities, can help reach aimed income goals.

Senator Jeff Merkley (D-OR)

 “Retirement plans need to match the way the economy works. We want to provide people with reasonably priced, no hidden fees products. For example, indexed funds are often low cost and a proven model.”


Eric Hoplin, President, Financial Services Roundtable

 “35 percent of Americans that are 55 years old have zero saved for retirement. Americans 65-70 on average have 148,000 saved, but is that enough to sustain your lifestyle into retirement?”


Congressman Eric Swalwell (D-CA)

 “Student debt increased by 100 billion dollars in the last year. Entrepreneurship among millennials declined by 5% between 2014 and 2015. Millennials are behind in savings when compared to the generation before them.”

Congressman French Hill (R-AR)

 “As a former advisor, I tried to encourage early savings and consistent savings throughout with my customers. Start saving early in life, with a small, consistent amount every month, and make sure to take advantage of matching and retirement options at work.”


Jen Mishory, Executive Director, Young Invincibles

 “Young people tend to be more conservative with their money and are concerned with the future. Providing the mechanisms of how to save needs more attention for these millennial audiences.”

Congressman French Hill (R-AR)

“Repayment of debt is savings. It’s not always seen that way, but it is a step in the right direction.”


Eric Hoplin, Financial Services Roundtable

 “No matter how much you’re making, you can find 10 percent. Pay yourself first, and then pay the rest of your bills.”

Jen Mishory, Young Invincibles

 “Of 18-24 workers who have student debt, only 13 percent have started saving for retirement. It’s often a personal decision, but we know student debt plays a big factor in why young people have not started saving for retirement.”

Will Hurley, CEO, Honest Dollar

 “The number one problem we see is gaps in education. Now employees have to save for themselves. Honest Dollars is working to offer open source education to help people chose the right savings products for them and teach them how to save correctly over time.”


Virginia Reno, Social Security Administration

 “For many, retiring early means needing Social Security because you don’t have enough savings to live on.”