Group 1: Core Insights - Prudential Financial, Inc. (PRU) has launched ActiveIncome, an insurance overlay feature designed to enhance retirement outcomes by addressing longevity risk [1][3] - The initiative responds to the increasing demand for innovative financial solutions as 11,200 Americans turn 65 each day, preparing for longer retirements [2] - ActiveIncome allows clients to retain liquidity while securing a performance-based lifetime income stream without transferring assets to an insurance provider [3][9] Group 2: Product Features and Accessibility - ActiveIncome is accessible through the FIDx Insurance Overlay marketplace on Dimensional's Unified Managed Accounts (UMA) platform, supporting various investment options including ETFs, mutual funds, and model strategies [4] - The product enhances retirement planning by providing a steady income solution within managed accounts, catering to the evolving needs of retirement investors [3][4] Group 3: Financial Implications for Prudential - Prudential stands to benefit financially from ActiveIncome by creating a new stream of recurring revenue through insurance-based fees linked to the income overlay, which is a low-capital, scalable model [5] - This initiative allows Prudential to expand its presence in retirement income solutions while maintaining operational efficiency and enhancing brand value [5] Group 4: Market Performance - Year-to-date, Prudential's shares have decreased by 10.2%, facing pressure from higher expenses and unfavorable underwriting results [6]

Retirement Planning Essentials - To achieve a fulfilling retirement, a robust savings and income strategy is essential, alongside considering lifestyle, relationships, and emotional well-being [2] - Research indicates that money, relationships (especially with a partner and friends), and health are key predictors of retirement satisfaction, with money's impact leveling off around $45 million [10] - Retirement should not be viewed as an extended weekend but requires planning for social engagement and habits to avoid boredom and social isolation [19][20] - Financial planning tools can help individuals understand their expenses, factor in inflation and potential healthcare costs, and build confidence in their retirement plan [73][74] Retirement Expenses and Income - Replacing pre-retirement lifestyle may require replacing approximately 84% of pre-retirement salary, considering savings and payroll taxes [27] - The average 65-year-old individual may spend around $165,000 on healthcare during retirement, excluding potential long-term care costs which could add another $117,000 per person for private-room nursing care [53][54] - Strategies for covering later-in-life healthcare expenses include budgeting with higher-than-average inflation for healthcare and considering a Qualified Longevity Annuity Contract (QLAC) to offset rising costs in later years [56][57] - Guaranteed income sources, such as Social Security, pensions, and annuities, provide steady, predictable payments and can alleviate spending stress in retirement [100][103] Housing and Relocation Considerations - Relocating in retirement involves considering cost-of-living factors, taxes, proximity to hobbies or family, and potential aging costs, such as house upkeep and access to healthcare [38][39][42][43] - Research suggests that while living in one's own home generally leads to greater happiness until the 80s, transitioning to shared living environments may be beneficial in later years due to increased social interaction [45] Investment Strategies - The "4% rule" suggests withdrawing 4% of savings in the first year of retirement and adjusting for inflation annually, but its security may be less certain today due to longer lifespans and potentially lower future returns [122][123][124][125] - A flexible spending strategy, involving adjusting spending based on market performance, may be preferable to the rigid 4% rule [126][127]

Retirement Planning Guidance - Fidelity provides guidance on preparing for retirement, covering financial and emotional aspects [1] - The guidance includes getting finances in order, envisioning a new lifestyle, and calculating income sources [1] - Portfolio positioning should be reviewed as part of retirement preparation [1] Key Retirement Questions Addressed - The video addresses how much one needs to retire [1] - The video addresses how to prepare financially for retirement [1] - The video addresses how to fill financial gaps in retirement [1] - The video addresses how to invest in retirement [1] - The video addresses how to prepare emotionally for retirement [1] Resources and Engagement - Fidelity encourages viewers to ask questions in the comments [1] - Fidelity provides links to its website for further insights and market perspectives [1] - Fidelity promotes its social media presence across various platforms [1]

Financial Awareness & Education - Financial knowledge is crucial for navigating job insecurity, career gaps, longer lifespans, and managing inheritances [6][7][8][9][11][12][13] - Indians are hesitant to discuss personal finances, leading to approximately 200 billion rupees (2 lakh crore rupees) unclaimed in various financial instruments as of April 2025 [3][4][5] - Financial literacy can be improved through discussion and education, especially within Indian households [2][3] Investment Strategies & Management - Individuals should inform family members about their investments to ensure funds are accessible during emergencies [14][15][16][18] - Access to investments is critical; families should have a way to access funds in emergencies, such as maintaining a password-protected record of credentials [19][20][21][22][23][24] - Nomination is essential for investments, as it provides legal access to investments after the investor's passing, preventing them from becoming dormant [25][26] - Emergency funds should be built based on age and life stage, ranging from 3 months of expenses in one's 20s to 1 year in one's 50s [28][29][30][31] - Emergency funds should be parked in easily accessible avenues like savings deposits or liquid funds [32] - Instead of liquidating investments during emergencies, consider pledging them to obtain a loan, ensuring the asset remains under ownership and continues to appreciate [33][34][35][36][37] - Seeking professional financial advice is crucial to align investments with individual risk profiles and financial goals, rather than making decisions based on incomplete knowledge or copying others [39][40][41][42][43]

Retirement Planning - The article discusses pivoting strategies when retirement plans don't go as expected [1] - It highlights ways to adjust retirement strategies when facing unexpected challenges [1]

AI in Financial Planning: Current Status - Industry experts suggest caution when using AI for personalized financial advice currently [2] - The financial industry sees potential in AI for general financial education, considering it a powerful tool [2] - Internal testing of AI is ongoing, but AI is not currently used for providing financial advice [2] - AI's ability to handle technical details and perform mathematical calculations is improving, but concerns remain [3] - Widespread adoption of AI in financial planning is not yet observed [3] Challenges and Considerations - Prompt engineering is crucial, as many investors may not know the right questions to ask AI [4] - Financial literacy is important for effectively using AI in financial planning; caution is advised otherwise [4]

Financial Planning & Lifestyle - The report emphasizes adopting mindsets, behaviors, and habits to achieve financial flexibility and enjoy life on one's own terms [1] - It suggests that now is the opportune time to plan for a future where one can potentially retire early or have more control over their lifestyle [1]

It's a brilliant tool. It's really powerful. It can be really incredible. If you are confident in your financial literacy and you know which questions to ask it, then I think it can really empower you. But if not, that's where I would be a little more cautious. [Music] Should you use AI for your retirement plan, whether you're living in retirement or planning for it? Well, here to talk with me about that and then some is Nick Coleman. He is the director of financial planning at Betterment. Nick, welcome. He ...

Retirement Planning - Focuses on balancing a happy retirement with leaving a sizable inheritance for family [1] - Discusses maximizing tax efficiency in retirement planning [1] - Addresses portfolio aggressiveness and ensuring expenses don't exceed income [1] Yahoo Finance Resources - Provides free stock ticker data, up-to-date news, and portfolio management resources [1] - Offers comprehensive market data and advanced tools for financial management [1] - Encourages users to download the Yahoo Finance app on Apple and Android devices [1] - Promotes following Yahoo Finance on various social media platforms [1]

Welcome to Wealth. I'm Alec Canal and this is Yahoo Finance's guide to building your financial footprint. Our community of experts will give you the resources, tools, tips, and tricks you need to grow your money.On today's show, we'll check in on oil prices after they jump to their highest level since January. Our very own Nes Fay will explain how that could impact your prices at the pump and more Americans are claiming social security benefits. A financial planner will break down how you should look at tho ...