U.S. Bank and U.S. Bancorp Investments have launched RealSteps>Retirement, a comprehensive and disciplined retirement planning process that takes a holistic approach to planning for retirement.
This new process seeks to bring clarity and confidence to retirement planning by breaking down a complex process into three actionable steps: real understanding, real answers and real progress.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
"There is a significant need for this kind of hands-on retirement planning process, which takes a uniquely educational approach and tailors it to individuals and business owners alike."
"Our new RealSteps>Retirement planning process seeks to address the various aspects of retirement planning and is focused on helping meet the needs of our clients, no matter where they are in their retirement planning. Our goal is to help them take action and be financially prepared to retire," said Mark Jordahl, president of U.S. Bank Wealth Management. "Whether you’re beginning your career or your retirement is in the immediate future, this process is designed to help you work towards your retirement goals."
The first step, real understanding, provides a wealth of educational tools and resources that seeks to address various aspects of retirement planning, including articles on more than a dozen key retirement topics, including social security, Medicare and IRAs.
Real answers provides in-depth analysis and detailed checklists to help people think through important retirement planning milestones and concepts. Real progress is our commitment to helping clients take necessary steps and stay on track with their plans, whether they are decades from retirement, approaching retirement or already in retirement.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPreparing for income in retirement has become increasingly complex, as evidenced by numerous defined-contribution plans and IRAs, social security, Medicare, long-term care needs and increased life expectancies.
The 2014 Retirement Confidence Survey by the Employee Benefits Research Institute found that half of all workers have less than $10,000 saved for retirement. That same survey also found that half of workers 55 and older have less than $50,000 in retirement savings.
As traditional defined-benefit pension plans continue to be phased out, more Americans are realizing that saving for retirement is their own responsibility. According to a 2013 report from The Conference Board, 62 percent of baby boomers report that they believe they will have to delay retirement. The RealSteps>Retirement process offers a path forward and seeks to bring clarity and confidence to a complex process.
"Our RealSteps>Retirement planning process is designed to help simplify retirement planning. We work closely with clients to develop a strategy that can help generate retirement income, a retirement ‘paycheck,’ that can support a retirement as long as two to three decades," said Bill Benjamin, president and CEO of U.S. Bancorp Investments. "There is a significant need for this kind of hands-on retirement planning process, which takes a uniquely educational approach and tailors it to individuals and business owners alike."
