White Papers and Fact Sheets

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Seventeen Facts About Women's Retirement Outlook and Eight Steps to Improve It

TCRS, in celebration of National Women's History Month and International Women's Day, shares 17 facts about women's retirement readiness and outlook, and offers 8 steps to help women improve their retirement outlook. By Catherine Collinson
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Retirement Throughout the Ages: An Examination of Expectations and Preparations Among American Workers
Workers of all ages share similar visions of retirement including dreams, fears and expectations of working. Yet they also face specific opportunities and challenges based on their age and time horizon to save, plan and prepare for retirement.

This white paper, part of the 16th Annual Transamerica Retirement Survey, examines workers by age range and provides insights into their retirement readiness, as well as their attitudes about retirement and offers suggestions for improvements.
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DCIIA Plan Sponsor Survey 2014: Focus on Automatic Plan Features
DCIIA research findings show that using automatic enrollment and automatic contribution escalation increases retirement plan participation rates as well as retirement savings rates. Catherine Collinson, president of Transamerica Center for Retirement Studies, is one of whitepaper’s authors.
 
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The Retirement Readiness Challenge: Five Ways Employers Can Improve Their 401(k)s 
The survey identified five ways in which employers, with assistance from their retirement plan advisors and providers, can improve their 401(k)s. Plan sponsors are encouraged to consider these enhancements to their plans
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Behavioral finance and pension decisions
by Lampros Romanos 
in conjunction with Erasmus University Rotterdam and Transamerica Center for Retirement Studies

An extensive literature review and a focused analysis on how framing effects, financial literacy, self-control and loss aversion affect pension decisions

The retirement landscape is rapidly changing with pension savings shifting to Defined Contribution plans. This means that individuals are increasingly confronted with more responsibilities to make decisions about their retirement savings. This paper examines the impact of framing effects, financial literacy, self-control and loss aversion on those decisions. It finds strong framing and anchoring effects on the match threshold of a matching contribution feature within 401 (k) or similar plans. Moreover, the findings of this paper suggest that financial literacy cannot significantly mitigate these framing effects. Lastly, this paper shows that commitment devices such as having multiple savings accounts can significantly increase ‘out of work’ savings for retirement.
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Baby Boomers Are Revolutionizing Retirement: Are Their Employers Ready, Willing and Able to Accommodate?

Baby Boomers were born to be wild and their retirement promises to be even wilder. They are forging a new model of retirement that is a radical departure from that of previous generations. In doing so, Baby Boomers are overturning long-standing assumptions about retiring at age 65, calling for dramatic changes in current employment practices, and proving that retirement and working are not mutually exclusive.

This white paper examines the retirement vision among Baby Boomer workers (born between 1946 and 1964) and the level of involvement among employers to facilitate their transitioning into retirement. It offers seven suggestions for employers to help them prepare their employees to be retirement ready.
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Generation X Workers: 15 Alarming Facts About Retirement Readiness and 7 Steps for Improving It Fact Sheet
TCRS is continuing to spotlight research on the retirement readiness of different generations and highlights 15 facts about Gen Xers and offers 7 steps to help them improve their retirement outlook.
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15 Facts About Millennials' Retirement Readiness ... And 7 Steps for Long-Term Success
Based on the findings from the 15th Annual Transamerica Retirement Survey of Workers, this fact sheet provides 15 facts about Millennials and their retirement readiness, as well as providing 7 steps to help them succeed in their retirement planning.
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Three Unique Generations with Very Different Retirements Ahead of Them: Baby Boomers, Generation X, and Millennials
Based on the findings from the 15th Annual Transamerica Retirement Survey of Workers, this white paper explores the retirement readiness of three generations and how they are recovering from the Great Recession.
Unlocking Secrets of Retirement Readiness: Meet the Everyday People Who Are 'Power Planners'
Based on the findings for the 14th Annual Transamerica Survey of workers, this white paper examines the current state of retirement confidence among American workers and five segments who are on the road to retirement readiness – ‘Power Planners’ – in order to illuminate their savings and planning habits and inspire others.
Emerging from the Economic Storm: Retirement Plans in the United States, 2007-2012
This report evaluates how American workers and company-sponsored retirement plans have fared during these five difficult years of recession, and brings to light opportunities to improve the current retirement system.
The "Perfect" 401(k) Plan: An Actionable Strategy Informed by Research and Focused on Results
A “perfect” 401(k) plan helps ensure that workers are participating, contributing and managing investments wisely in order to adequately fund their future retirement and that workers have a strategy for saving, investing and transitioning into retirement.  This white paper highlights survey data and provides ideas that plan sponsors, financial advisors and retirement plan providers can put into action to help improve 401(k) retirement plans.