“Transform Tomorrow” Casts Spotlight on Retirement Readiness for U.S. Workers

LOS ANGELES--(BUSINESS WIRE)--“Transform Tomorrow: Awakening the Super Saver in Pursuit of Retirement Readiness” was recently published to focus attention on the need to save more for retirement. Author Stig Nybo, retirement industry expert and president of pension sales and distribution for Transamerica Retirement Solutions, wrote the book to call for a renewed commitment to retirement savings.

“We all need to set a goal of saving at least 10 percent of current pay every year for retirement. What if we all saved 10 percent? Think of the impact this would have on the futures of so many people.”

“Transform Tomorrow” is a culmination of interviews with retirement industry luminaries who are dedicated to improving American workers’ ability to retire comfortably.

“I wrote this book because I believe that every worker should be able to retire with confidence,” Nybo commented. “The definition of success for retirement plans must be focused on successful retirement outcomes for employees.”

Nybo advocates a national retirement savings campaign similar to successful Public Service Announcements – such as the anti-littering and seat belt campaigns – to re-shape Americans’ beliefs and actions surrounding the need to save for retirement. “We need to create a national movement to encourage workers to prepare for and enjoy retirement.”

Nybo emphasizes that the retirement industry, policymakers, employers and individuals can work together to create a nation of “Super Savers” – people who save more in order to retire comfortably whenever they choose. “We all need to set a goal of saving at least 10 percent of current pay every year for retirement. What if we all saved 10 percent? Think of the impact this would have on the futures of so many people.”

“Transform Tomorrow” is a clarion call for raising the nation’s level of awareness about retirement readiness. A U.S. Senate report stated in July 2012 that Americans are $6.6 trillion underfunded for retirement. “This is not just an individual issue, it’s a societal issue. When Americans fall short in saving for retirement, it will affect all of our futures,” Nybo noted.

“Transform Tomorrow” is available on Amazon.com. The book’s proceeds will be directed toward raising public awareness of the broad need to save more for retirement.

About Stig Nybo

Stig Nybo is the president of pension sales and distribution at Transamerica Retirement Solutions, a top U.S. retirement plan provider. He also serves on the board of the Transamerica Center for Retirement Studies^®, a non-profit corporation and private foundation that is dedicated to conducting research and educating the public on emerging trends surrounding retirement security in the United States. Nybo has committed more than 20 years to promoting best practices for qualified retirement plans. He is a frequent speaker and panelist at major financial services conferences and events, and has authored articles on retirement issues facing employers and employees.

About Transamerica Retirement Solutions

Transamerica Retirement Solutions (Transamerica) is a leading provider of customized retirement plan solutions for small to large organizations.

Transamerica partners with financial advisors, third party administrators, and consultants to cover the entire spectrum of defined benefit and defined contribution plans, including: 401(k) and 403(b) (Traditional and Roth); 457; profit sharing; money purchase; cash balance; Taft-Hartley; multiple employer plans; nonqualified deferred compensation; and rollover and Roth IRA.

Transamerica helps more than three million retirement plan participants save and invest wisely to secure their retirement dreams. For more information about Transamerica Retirement Solutions Corporation, please visit www.TRSretire.com.

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