As the situation in Ukraine evolves, businesses should be mindful of potential risks to their people, assets, operations, or supply chains in the region and globally. Marsh, as part of the Marsh McLennan family of companies, has created a page with information, tools, and resources related to the Russia-Ukraine conflict. Please visit the page for the latest information.

February 1, 2021

Four risks participants may not know they’re facing

Life involves risk. One of them is retirement, and whether the money we save to fund it will last. Do your employees understand their risk and the actions they can take now to manage it?

A recent survey found that retirement security may be threatened by these four risk factors: longevity, behavior, market conditions and inflation. The survey found a disconnect between each of these risks and the actions of participants. While that’s a concern, it’s also an opportunity to structure communications to clarify the connection.

Risk #1: Longevity

In 2020, life expectancy for the average American is roughly 79 years. However, many can expect to live into their 80s, 90s or longer. Social Security may provide a minimal income, leaving a gap that must be filled with personal savings. Are your employees confident that their 401(k) balance will last 20, 30 or even 40 years?

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