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SunTrust® Retirement Solutions
  • SunTrust® Retirement Solutions
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Retirement Readiness

Retirement Readiness defines whether or not an employee has accumulated enough wealth to produce an annual income stream that provides at or near the same level of living as before retirement. Retirement Readiness is necessitated by the change in the retirement landscape in America. Defined contribution plans are now the primary source, and often the only source, of retirement savings to supplement Social Security. However, the average American continues to struggle to understand how their 401k balance translates into a lifetime income stream in retirement. In many cases, employees do not know how to estimate their level of retirement readiness. They need our help!

SunTrust has developed Retirement Readiness reports which will help plan sponsors determine how many eligible employees are tracking towards a comfortable retirement. Based on the report's data, the plan sponsor and their SunTrust Client Manager will develop a customized strategy that will hopefully improve plan participants' retirement outcomes.

  • To learn more about Retirement Readiness you can access our white paper by clicking here.

 

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