MassMutual Retirement Services to Host RetireSmart(SM) Participant Seminar with Gen Y Money Coach Farnoosh Torabi

Oct 26, 2010, 15:08 ET from MassMutual Retirement Services

SPRINGFIELD, Mass., Oct. 26 /PRNewswire/ -- MassMutual's Retirement Services Division continues its web-based RetireSmart(SM) national participant seminar series with "Can't Afford NOT to Save," featuring Farnoosh Torabi*, Generation Y money coach, best-selling author, personal finance journalist and TV personality.

MassMutual's "live" online seminar with Torabi is scheduled for Wednesday, Nov. 10 at 12:00 p.m. ET. The educational series is for participants and plan sponsors, and will focus on how to establish and achieve personal retirement goals, how to put money to work and how to boost earning potential.

According to a recent analysis by Financial Engines(1), an independent investment adviser, 53% of plan participants under age 30 have failed to save enough to receive the full employer match. The RetireSmart(SM) seminar series is designed to help every participant on MassMutual's platform achieve a better understanding of their retirement goals and deliver specific action steps to help them plan and save accordingly.

"At MassMutual, we realize planning for retirement can be challenging for many participants, especially those just starting the journey toward retirement," says E. Heather Smiley, chief marketing officer, MassMutual's Retirement Services Division. "We are committed to making retirement planning as easy as possible by providing our participants with the tools and resources they need to plan for a successful retirement," adds Smiley.

"I'm pleased to be a part of MassMutual's webinar series to help bring awareness to the importance of saving early in the retirement journey. I hope to help the attending participants realize that, even in the beginning, there's room to save for retirement," says Torabi. "In addition, I'm happy to have the opportunity to work with a provider like MassMutual who truly cares about its participants and making sure they have all the knowledge they need to plan for the future," she adds.

MassMutual's RetireSmart(SM) seminars are comprised of a 30-minute presentation followed by a 30-minute questions and answers session. The previous seminar, "Understanding How Social Security and Medicare Impact Your Retirement," was presented by special guest Daniel Moraski, public affairs specialist from the Social Security Administration. How Social Security benefits are calculated, Social Security benefit projections and an overview of Medicare eligibility were main topics covered.

Space is limited to retirement plan sponsors and participants on MassMutual's platform. MassMutual retirement plan clients can register by logging in to their retirement plan account at and clicking on the "Can't Afford NOT To Save" event banner on the home page.

For more information about MassMutual Retirement Services, please contact your retirement plan advisor or call MassMutual at (888) 626-4911.

*The information within this presentation is solely the opinion of the speaker, an independent orator, who is not an employee of MassMutual Financial Group.

(1)2010 National 401(k) Evaluation Report, 2010. Financial Engines. 5 Oct. 2010.

About MassMutual

MassMutual's Retirement Services Division has been serving retirement plans for more than 60 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately one million participants.

Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders.  The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, Inc., member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

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Contact: Lisa Reilly


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