Street Address:
1300 Enterprise Drive
De Pere, Wisconsin 54115-2795
Mail Address: 
P.O. Box 60
De Pere, Wisconsin 54115-2795

Phone: 800.236.7400
Fax: 920.337.9978
Sales: sales@pai.com 
Customer Service: planservice@pai.com

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Please complete this form to receive the latest CoPilot blog updates via e-mail. Each week we post news and information about the 401(k) industry to assist plan sponsors, participants and Financial Advisors in managing retirement plans.

Focusing On Savings

For most people, by the time they’re in their 40s they’ve likely experienced the highs (and perhaps the lows) of personal finances. They may have some money in the bank,  own a house, be saving for their children’s college tuition – and hopefully, they have been contributing to a retirement plan. 

According to a Gallup survey the average retirement age is 61. So with roughly 20 years until retirement, now is the perfect time for a financial advisor to recommend that it is really time to start focusing on savings. Here are some things you as a financial advisor can discuss with a plan participant in their 40s:

  • Twenty years is a long time, so it’s important to assess your retirement goals and capitalize on the remaining time.
  • Factors such as health and job changes as we get older means that retiring early may not always be your choice. That is why taking the time to focus on retirement planning today is an important step in building the savings to allow you to retire comfortably.
  • Check your deferral rates on your 401(k). While contributing six percent might have been okay in your early days of your career, a larger contribution rate may be more appropriate now.

It’s National Save for Retirement Week, So now is a great time to consider how you could help plan participants in their 40s get serious about retirement planning. 

What other things can participants in their 40s do to prepare today to reach their savings goals?