401(k) Fridays Podcast

Episode Summary For most employees, making the transition into retirement means they have to come to grips with how they are going to live without a paycheck for arguably the rest of their life.  While this is a highly personal and individual decision, if you are their employer at the time, the decision about when and if they are ready to make the transition into retirement can have a big impact on you!  To help get more familiar with the struggles and challenges in preparing as well as the participant tools and resources needed to help make life without a paycheck a reality, I sat down with Jerry Patterson the Senior Vice President of Retirement & Investor Services at Principal Financial Group.  During our conversation he shares his experience, research and advice on how participants get tripped up by admiring a balance, not understanding fixed and variable expenses and falling victim to retirement drift.  We also spend time talking about strategies employers may explore to help their employees with decu