FutureFIT
Freedom. Individually Tailored.
Our proprietary Financial Wellness Program.
®
Begin
Our customized financial wellness experience
transforms the way people shape their financial futures.
We call it …
reedom.
ndividually
It’s a targeted approach that combines innovative online tools and expert professional advice – to deliver a tailored experience that fits individual needs … giving participants the freedom to plan their own futures.
F
I
T
ailored.
Next
The importance of financial wellness.
58%
of employees seek financial guidance at key decision points
of employees are distracted at work due to finances
Stressed employees
PwC’s 9th annual Employee Financial Wellness Survey, PwC US, 2020. PwC’s 8th annual Employee Financial Wellness Survey, PwC US, 2019. The Employer's Guide to Financial Wellness, Salary Finance, 2019.
1
2
3
of employees report being stressed about their finances
67%
35%
lose 23-31 days
of productive work per year
Financial wellness is defined as the overall financial health of an individual
including the process of learning how to manage short and long-term expenses by connecting financial knowledge to specific actions that lead to financial security.*
Click the icon to learn more.
Components of financial well-being
*The National Financial Educators Council, 2020.
** 70% of college students graduate with debt. How did we get here?, Marketplace.org, September 30, 2019.
Student Debt Solutions 70% of college students graduate with student loan debt**
** Plan for 100 Survey, AIG, 2019.
Estate Planning 68% of Americans don’t have a will or other type of estate planning document**
** PwC’s 9th annual Employee Financial Wellness Survey, PwC US, 2020.
Saving/Investing 57% of stressed employees have less than $1,000 saved to deal with unexpected expenses**
Long-term Protection 59% of people fear running out of money more than death*
$
Cash/Debt Management
Estate Planning
Long-term Protection
Saving/ Investing
Retirement Readiness
Student Debt Solutions
** Retirement Confidence Survey, EBRI, 2020.
Retirement Readiness 61% say preparing for retirement stresses them out**
** American Household Credit Card Debt Study,
Cash/Debt Management Average households have nearly $138,000 in debts**
SM
Nerdwallet, 2019.
AIG Retirement Services offers solutions to help your employees plan and save for a brighter future.
FutureFIT Financial Wellness Program.
Our robust end-to-end financial literacy and education offering:
FutureFIT University
Financial Wellness Workshop Series
Interactive Tools and Calculators
Education Center
Click the icons to learn more
Powered by EverFi, the nation’s leader in critical skills education, FutureFIT University teaches important personal finance skills and concepts and helps to encourage meaningful conversations about money within your family.
FutureFIT Retirement Readiness Statements
Our Financial Wellness Workshop Series covers a variety of financial topics to help your employees learn more about what matters most to them and feel confident about their future. Led by AIG Retirement Services financial professionals, your employees can attend monthly national webinars or local workshops that can be hosted virtually, or on-site if available.
Personalized statements summarizing sources of retirement income and an individualized action plan for participants and plan-eligible employees.
Retirement Readiness Statements
Also available online at aig.com/RetirementServices, our Education Center provides your employees with informational articles that cover topics such as life events, money management, retirement planning and tax matters.
aig.com/RetirementServices offers tools to help your employees: Our FutureFIT calculator shows participants how their current savings stack up to projected monthly income needs, including gaps and the steps to help get their future back on track.
• Determine how to reach savings goals • Understand their investment portfolio • Pay off debt and more
Meet Kayla
Choosing a retirement provider
•
Understanding the benefits of enrolling
Learning the importance of starting now versus later
Kayla's Savings Road Trip
Employees can discover how Kayla deals with common financial challenges and also learn savings tips to help them reach their future financial goals.
VIEW
Our female persona that employees can follow on her journey, which includes:
The Financial Professional Advantage
A valuable resource for plan participants:
Experience and knowledge combined with advanced financial modeling tools to help your employees envision and plan for their future.
Our financial professionals:
• Put your employees’ needs first
• Are local
• Are experienced
Based on an online survey of 2,000+ AIG Retirement Services participants with an account balance of at least $50,000, and who were in contact with their AIG Retirement Services professional in 2020. The research was conducted from July 28 through August 7, 2020, by Chatham Partners. The MIT AgeLab conducted a national survey of 1,215 participants between Tuesday, March 10 and Wednesday, March 18, 2020. The survey asked participants when, where and how they interacted with financial professionals and what topics they felt most comfortable and interested in discussing. Participants ranged in age from 30 to 75 and reported a yearly household income of $50,000 or more and total savings of $50,000 or more, including savings accounts, checking accounts and investment or retirement accounts. All participants reported regularly working with a financial professional.
62% say their financial professional is their primary resource for financial education and guidance.
54% of clients say “helping them see their plan for the future” is a top quality in a financial professional.
On average, 86% of AIG Retirement Services participants agree their financial professional is a valuable resource in making financial decisions during the COVID-19 health crisis.
Available to meet employees anytime virtually by phone, FaceTime or Webex.
Not only a part of AIG Retirement Services, they are a part of your community.
Approximately 20 years of service helping those who help others prepare for their financial futures.
Our goal is to work with you to help plan participants take action so they are motivated, proud and confident in their futures.
Click on each icon to learn what your employees can expect when they meet with our financial professionals:
*
Discover.
Learn.
Plan.
Implement.
Review.
Review their financial situation and objectives to develop a picture of their financial status, then list their goals.
Discuss planning concepts — diversification, asset allocation, investment and tax planning strategies.
Top characteristics: Survey results show AIG Retirement Services participants get the most value from: Expertise, trustworthiness, and having their best interest in mind.
Develop a personal plan — a blueprint to help them reach their goals.
Develop financial strategies to meet current needs and future goals.
A periodic review of their priorities, goals and investments to keep their plan on track.
Based on an online survey of 2,000+ AIG Retirement Services participants with an account balance of at least $50,000, and who were in contact with their AIG Retirement Services financial professional in 2020. The research was conducted from July 28 through August 7, 2020, by Chatham Partners.
The Financial Wellness Journey to becoming FutureFIT
Along with one-on-one support from our financial professionals, we also offer a variety of tools that employees can utilize during the different stages of their savings journey.
Click the icons to review available guidance.
Getting started.
Along the way.
Approaching the destination.
Tools: • Mobile enrollment • Retirement Readiness Calculator • Retirement Readiness Statements • Student Debt Solutions • FutureFIT University
For employees at the beginning their journey.
Considerations: • Paying off student debt • Credit card debt • Independence • HSA or 401(k)
Tools: • Guided Portfolio Services • Student Debt Solutions • FutureFIT University
Considerations: • Saving for college • Developing an emergency fund • Large purchases (car, house, insurance) • New dependents • Roth vs. traditional IRA • HSA and 401(k)/403(b)
Adjusting directions to stay on track.
The final steps toward enjoying the future they envision.
Tools: • Retirement Pathfinder
Considerations: • Lifestyle • Social Security benefits • Withdrawal strategies • Healthcare
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© American International Group, Inc. All rights reserved. VC 31670 (01/2022) J547302 ER
For more than 60 years, AIG Retirement Services has been in the business of helping people plan and achieve their financial and retirement goals.
EBRI 2019 Retirement Confidence Survey. The information contained in this document includes results conducted by an independent third-party, Chatham Partners, and should not be construed as providing advice and/or the sale, offer or solicitation of securities. Survey responses are not for client use and are not intended or offered for the purpose of client testimonials. Securities and investment advisory services offered through VALIC Financial Advisors, Inc. (VFA), member FINRA, SIPC and an SEC-registered investment adviser. Annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. Variable annuities are distributed by its affiliate, AIG Capital Services, Inc. (ACS), member FINRA. AIG Retirement Services represents The Variable Annuity Life Insurance Company (VALIC) and its subsidiaries, VALIC Financial Advisors, Inc. (VFA) and VALIC Retirement Services Company (VRSCO). All are members of American International Group, Inc. (AIG).
What makes AIG Retirement Services truly different
is how we serve your employees.
Partnering with AIG Retirement Services gives your employees access to a MORE PERSONALIZED financial wellness experience that also satisfies your plan goals, needs and objectives. The result is employees who are less stressed about their finances and more satisfied in their workplace.
Together – we can create action plans to help your employees get (and stay) on the path to a brighter financial future.
CALL 1-888-478-7020 CLICK aig.com/RetirementServices
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