July 02, 2018

Millennials’ vision of the future looks beyond flying cars

Fifty years ago, Philip K. Dick’s landmark sci-fi novel “Do Androids Dream of Electric Sheep?” envisioned a 21st century of androids, flying cars and space colonies. What happened? Sure, we have Android phones, but what about our flying cars?

June 19, 2018

Under new tax law, finance leaders show appetite for pension de-risking

The passage of the Tax Cuts and Jobs Act is driving senior finance executives to reduce the liability risks associated with their corporate defined benefit (DB) pension plans. That revelation was one of the important findings of a new study conducted by CFO Research in collaboration with Prudential Financial, focusing on how the new tax law is influencing a range of pension fund-related decisions.

June 14, 2018

Annuities on the upswing as more Americans shift to a post-retirement income mindset

Americans are not just living longer, they’re living younger, active lives. That’s a good thing.

But it also presents a problem. Americans are facing a silent, growing crisis. Retirement is no longer an end-stage; it’s a transition point. And as Americans live longer, active lives, they could have a greater chance of running out of retirement savings.

May 30, 2018

Stable value funds a new trend in college savings

For years, many 529 plans offered money market funds as their conservative investment option. Now, they’re increasingly replacing them with stable value funds, investment vehicles wrapped in insurance contracts that guarantee a specific minimum return. A new white paper from Prudential Financial, Inc., "529 Plans: Assessing the Stable Value Option", examines why.

April 04, 2018

Prudential Retirement builds skill for Amazon Alexa

With Amazon Alexa, you can play your favorite song, get the news and weather, even control your living room lights, all with just the sound of your voice—now, by enabling a new skill, you can manage your financial future as well. Just say, “Alexa, ask Prudential Retirement for my account balance.”

February 26, 2018

Prudential: Financial wellness during ‘America Saves Week’ and year-round benefits employers and employees

NEWARK, N.J., February 26, 2018 - In recognition of America Saves Week and Military Saves Week (Feb. 26 through March 3), Prudential Financial, Inc. ( NYSE:PRU ) is calling on employers to adopt a benefits program with financial wellness at its core to help improve financial security for American workers.

January 10, 2018

How Prudential handles a 60 percent increase in customer calls on the busiest day of the year

It’s 7:55 a.m. on a Tuesday in January at Prudential Retirement’s call center near Scranton, Pennsylvania, and the 125 or so employees in the office are in anxious anticipation. In five minutes, they and their colleagues in Dubuque, Iowa; El Paso, Texas; and the Philippines will begin the busiest day of the year, answering questions from more than 17,000 clients over the course of a 13-hour day.

January 09, 2018

Smart savings can reduce retirement financial risk, up 19 percentage points in 30 years

Half of Americans won’t be able to maintain their standard of living after retirement, according to the most recently compiled National Retirement Risk Index. Fortunately, they can take steps to avert a cash-strapped future.

December 26, 2017
U.S. News & World Report

How to Save for Retirement in the Gig Economy

The freedom and flexibility that independent contracting affords make it attractive to millennials, but older generations are also taking notice. The typical gig worker, according to a Prudential white paper, is in his late 40s while the average age for the traditional full-time worker is 43. The primary motivator for joining the gig economy is overwhelmingly financial; 44 percent of gig workers included in the report said they pursued gig work to pay the bills. Older workers were more likely to gravitate toward such work for purely financial reasons.