Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEWARK, N.J. – With a recent survey finding that 34% of pre-retirees are in “frail” financial health, credit unions have an opportunity to help educate millions of Americans on becoming more financially fit. A Prudential Financial Inc. study finds that 79% of pre-retirees are not financially ready to retire comfortably. The study, using a 16-question behavioral assessment tool, revealed other worrisome trends, including: *Some 76% of pre-retirees have either not established or not updated a formal investment plan. Half of those polled have not set clear goals on how much they will need to save to retire comfortably. *Nearly two-thirds find today’s investment information confusing and often contradictory, and 45% admitted that they feel less comfortable making investment decisions in today’s market than a few years ago. *Over half of those surveyed say they don’t seek help from a financial professional because either they think they can do it themselves or that professional advice is only for the wealthy. “Too many of those polled are not getting the help they need,” said Judy Rice, president of Prudential Investments. “The reality is, the less money you have the more you need to plan to make sure you get the most out of your investments-and the knowledge of a financial professional can help you get there.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.