SPRINGFIELD, Mass., Feb. 22, 2012 /PRNewswire/ --Elaine Sarsynski, executive vice president of MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC, recently participated in a series of radio interviews to help drive awareness of challenges facing Americans as they plan and save for retirement. The interviews are also helping bring heightened awareness to specific concerns facing women.
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Ms. Sarsynski discussed the findings of a nationwide survey sponsored by MassMutual Retirement Services and conducted by Brightwork Partners. The survey revealed that, among American workers, saving enough for retirement is the biggest financial worry for both men and women, but women are far more concerned about just keeping up with monthly expenses. In fact, more than twice as many women are concerned about monthly expenses than saving enough for retirement (31% for women vs. 13% for men).
"This survey clearly demonstrates that retirement is a top-of-mind concern among all Americans - and the need for financial advisors and retirement plan providers like MassMutual to help them focus on achieving adequate replacement income in retirement has never been greater," says Sarsynski. Over the next few weeks, content from these interviews will be posted on various MassMutual websites and social media outlets such as the company's Facebook page.
Overall, the radio tour included 13 airings reaching more than 2.6 million listeners in 11 nationwide markets, including CBS Radio (Daybreak USA, national broadcast).
Click on any station below to listen to an audio replay.
USA Radio Network
NEW YORK CITY
TAMPA-ST. PETE (SARASOTA)
"We are trying to change the conversation to one that's more about monthly income and what it will take for an individual saver to reach a sufficient level to sustain them in retirement. Financial advisors have a critical role in this discussion, as do retirement plan providers like MassMutual," adds Sarsynski.
MassMutual's participant website, www.retiresmart.com, features the RetireSmart(SM) Ready tool that helps participants calculate and adjust their savings levels to evaluate where they stand in accomplishing this goal. MassMutual also offers a PlanSmart(SM) Analysis report that helps retirement plan sponsors evaluate this measure at the plan level.
For more information about MassMutual's retirement services, please call your retirement plan advisor or contact MassMutual at (888) 626-4911, www.massmutual.com/retire.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual's Retirement Services Division has been serving retirement plans for more than 65 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately 1.4 million participants.
For more information, visit www.massmutual.com or "Like" MassMutual on Facebook and Facebook.com/retiresmart.
Copyright ©2012 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001. All rights reserved.
Contact: Lisa Reilly
SOURCE MassMutual Retirement Services