Nationwide Is Your Trusted Source for Retirement Education
June 13, 2011
Nationwide Retirement Solutions is proud to participate in The United States Conference of Mayors 79th Annual Meeting. As a Conference of Mayors Platinum Member, Nationwide is proud of the relationship we’ve enjoyed with the Conference for 32 years.
As part of their service to the Conference of Mayors, Nationwide will be on hand at this year’s meeting to raise awareness of the current issues facing city employees and provide new insights for the future.
Helping Employees Prepare for, Live in Retirement
During a time when mayors and their cities are facing changes to pension and defined benefit plans in their cities, educating city employees about deferred compensation options has never been more pertinent.
Together, the Conference of Mayors and Nationwide provide retirement products and education to help the public employees of our nation’s cities prepare for, and live in, retirement.
Many city employees believe their pension, personal savings and perhaps Social Security will provide enough income for retirement. Yet, more than half of all U.S. households are “at risk” for not having enough financial resources to maintain their standard of living in retirement.¹
Employees also look to their employer for guidance and information on retirement savings. In fact, in a recent survey, 53 percent of employees said that if their employer provided them with more education, they might contribute more to their plan.²
Solutions Employees Can Use
Employees should be aware that their current savings strategy might not be enough to reach their retirement goals. As they look for guidance, the Conference of Mayors and Nationwide can provide them with solutions.
Nationwide’s Deferred Compensation Program can be an effective way for employees to overcome potential shortfalls in retirement savings. We are an industry leader, with nearly 4,000 municipal programs serving more than 315,000 public employees, with more than $6.59 billion in assets in the Conference of Mayors Deferred Compensation Program.
The program provides employees with the opportunity to enjoy tax-deferred growth from their investments, which may help their assets compound faster. And, unlike some other retirement plans, the Conference of Mayors Deferred Compensation Program does not require participants to be over 59 ½ years old to receive penalty-free withdrawals.
Create New Opportunities
New challenges create new opportunities. To learn more, we invite you to speak with a Nationwide representative at this year’s Annual Meeting, or contact Louie Watson, Nationwide Retirement Solutions Vice President of Strategic Relationships at 614-854-8895 or watsonL2@Nationwide.com or Kathryn Kretschmer-Weyland with the Conference of Mayors at 301-460-5251 or firstname.lastname@example.org.
1 The National Retirement Risk Index, www.bc.edu/centers/crr/, 2009.
2 2010 Retirement Confidence Survey, Employee Benefit Research Institute and Mathew Greenwald & Associates.
Investing involves market risk, including possible loss of principal. Nationwide Retirement Solutions (Nationwide) makes payments to The United States Conference of Mayors and its affiliate United States Mayors Enterprises for their sponsorship and the services that they perform generally for all their members related to Nationwide’s products and services sold exclusively in public sector retirement markets. More detail about these payments is available at www.nrsforu.com.
Retirement Specialists are registered representatives of Nationwide Investment Services Corporation: Member FINRA. In Michigan only, Nationwide Investment Svcs. Corporation. Information provided by retirement specialists is for educational purposes only and is not intended as investment advice.
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