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America's Youngest Adults Plan to Retire Earlier Than Any Generation Before Them

Retrieved on:

Monday, December 19, 2022

Education, The Harris Poll, Propensity score matching, Progress, Life, FINRA, Multimedia, SIPC, Ageing, NLTC, Financial adviser, Northwestern Mutual, Census, Generation Z

MILWAUKEE, Dec. 19, 2022 /PRNewswire/ -- The nation's youngest adults are taking significant steps to improve their financial wellbeing with the goal of retiring at age 59 – years ahead of the generations that preceded them.

Key Points:

Results were weighted to Census targets for education, age, gender, race / ethnicity, region and household income.
Propensity score weighting was also used to adjust for respondents' propensity to be online.
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.

Northwestern Mutual Announces Executive Leadership Changes

Retrieved on:

Thursday, December 8, 2022

MILWAUKEE, Dec. 8, 2022 /PRNewswire/ -- Northwestern Mutual Chairman, President and CEO John Schlifske today announced leadership changes to strengthen the company's senior leadership team, support the company strategy, and ensure growth and development opportunities for leaders into new areas of accountability.

Key Points:

Jones joined Northwestern Mutual in 2003 and served in leadership roles within the finance and risk teams prior to his current role.
Ron Joelson, executive vice president and president, Northwestern Mutual Investment Management Company, announced he will retire at the end of the year.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.
Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).

Northwestern Mutual Expands Disability Insurance Choices for Medical Professionals

Retrieved on:

Tuesday, December 6, 2022

MILWAUKEE, Dec. 6, 2022 /PRNewswire/ -- Northwestern Mutual announced today that it is introducing additional flexibility and choice into its lineup of disability insurance solutions for medical professionals, including physicians and dentists. Medical market clients will now have a choice between a True Own Occupation definition and an enhanced Medical True Own Occupation definition when selecting a policy to protect their income if they were to become totally disabled and could not work.

Key Points:

MILWAUKEE, Dec. 6, 2022 /PRNewswire/ -- Northwestern Mutual announced today that it is introducing additional flexibility and choice into its lineup of disability insurance solutions for medical professionals, including physicians and dentists.
The new Medical True Own Occupation definition, which is unique to Northwestern Mutual, is the most robust available in the industry today.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM),Milwaukee, WI(life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.
Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company.

Northwestern Mutual Strengthens Milwaukee's Cultural Scene with Nearly $3 Million in Grants

Retrieved on:

Tuesday, November 29, 2022

MILWAUKEE, Nov. 29, 2022 /PRNewswire/ -- Northwestern Mutual is committed to helping the company's hometown of Milwaukee flourish as a great place to live, work and visit. Recently named as one of the best places to travel in 2023, Milwaukee and its cultural scene are on an upward trajectory. Today, Northwestern Mutual announced nearly $3 million in grants to help sustain Milwaukee's growth and support the city's leading destinations.

Key Points:

Recently named as one of the best places to travel in 2023, Milwaukee and its cultural scene are on an upward trajectory.
Today, Northwestern Mutual announced nearly $3 millionin grants to help sustain Milwaukee's growth and support the city's leading destinations.
"Milwaukee is a great city, and Northwestern Mutual is proud to play a role in ensuring these culturally enriching experiences and organizations are here to stay."
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.

Northwestern Mutual, Special Spaces Recognize 10-Year Anniversary of Company's Childhood Cancer Program with 10 Dream Bedroom Makeovers

Retrieved on:

Thursday, November 17, 2022

MILWAUKEE, Nov. 17, 2022 /PRNewswire/ -- In recognition of its Childhood Cancer Program's 10-year anniversary, Northwestern Mutual, through its Foundation, collaborated with Special Spaces to surprise 10 children across the U.S. affected by childhood cancer with dream bedroom makeovers.

Key Points:

MILWAUKEE, Nov. 17, 2022 /PRNewswire/ --In recognition of its Childhood Cancer Program's 10-year anniversary, Northwestern Mutual, through its Foundation, collaborated with Special Spaces to surprise 10 children across the U.S. affected by childhood cancer with dream bedroom makeovers.
Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/8976431-northwestern-mutual-coll...
A childhood cancer diagnosis changes every aspect of a child's life.
Together, Northwestern Mutual and Special Spaces createdspaces where children can escape from the realities of their cancer diagnosis, and simply enjoy being a kid.
Four-year-old Michaela of Chicago, who is affected by anaplastic ependymoma, was gifted a dream bedroom full of princesses, unicorns and glitter.

Northwestern Mutual Welcomes Trudy Leen to Pillar Financial Group

Retrieved on:

Wednesday, November 16, 2022

SEATTLE, Nov. 16, 2022 /PRNewswire/ -- Northwestern Mutual is pleased to announce Trudy Leen and her two-person team have joined Seattle-based Pillar Financial Group, part of Northwestern Mutual's Private Client Group. Coming from Gateway Financial Partners with LPL Financial, Leen and her team officially joined Pillar Financial Group on Oct. 27.

Key Points:

Leen and team come from Gateway Financial Partners with LPL Financial, where they oversaw $140M in client assets
SEATTLE, Nov. 16, 2022 /PRNewswire/ -- Northwestern Mutual is pleased to announce Trudy Leen and her two-person team have joined Seattle-based Pillar Financial Group, part of Northwestern Mutual's Private Client Group.
Coming from Gateway Financial Partners with LPL Financial, Leen and her team officially joined Pillar Financial Group on Oct. 27.
"We look forward to this next chapter and the growth of Pillar Financial Group."
"I'm appreciative of the support Northwestern Mutual has provided to myself and my team, and I'm looking forward to new opportunities as part of the Northwestern Mutual team."

Uplift and Inspire: Northwestern Mutual to Host Third Annual Women in Tech Conference

Retrieved on:

Tuesday, November 1, 2022

MILWAUKEE, Nov. 1, 2022 /PRNewswire/ -- Northwestern Mutual announced today the company will host its third annual Women in Tech Conference virtually on Thursday, December 1. Admission is free and open to all women in technology, along with their allies and supporters.

Key Points:

MILWAUKEE, Nov. 1, 2022 /PRNewswire/ -- Northwestern Mutual announced today the company will host its third annual Women in Tech Conference virtually onThursday, December 1.
The conference is organized and hosted by the women in tech group at Northwestern Mutual and will feature more than 90 speakers from over 40 organizations, including Meta, Google, Cardinal Health, MARS Solutions Group, Disability:IN, Baird, GE Healthcare, Women Who Code and U.S. Bank.
For more details on the event and to register for the virtual conference, visit the 2022 Women in Tech Conference (nmfn.com).
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.

Northwestern Mutual Study Finds Americans Now Believe They Will Need $1.25 Million for Comfortable Retirement

Retrieved on:

Tuesday, October 25, 2022

The Harris Poll, FORTUNE, Life, Education, LLC, Income, Multimedia, SIPC, FINRA, Ageing, Propensity score matching, View, NLTC, Financial adviser, Northwestern Mutual, Census

MILWAUKEE, Oct. 25, 2022 /PRNewswire/ -- The latest findings from Northwestern Mutual's 2022 Planning & Progress Study reveal that U.S. adults aged 18+ anticipate they will need $1.25 million to retire comfortably, a 20% rise since 2021. At the same time, Americans' average retirement savings has dropped 11% – from $98,800 last year to $86,869 now – while their expected retirement age has risen – now 64, which is up from 62.6 last year.

Key Points:

"This is a really fascinating finding and one that advisors should take note of as they work with their clients," said Mitchell.
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years.
Northwestern Mutual ranked 97 on the 2022 FORTUNE 500 and was recognized by FORTUNE as one of the "World's Most Admired" life insurance companies in 2022.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.

Northwestern Mutual and Special Spaces Surprise Children with Cancer with Dream Bedroom Makeovers

Retrieved on:

Thursday, October 20, 2022

MILWAUKEE, Oct. 20, 2022 /PRNewswire/ -- In recognition of its Childhood Cancer Program's 10-year anniversary, Northwestern Mutual, through its Foundation, is collaborating with Special Spaces to surprise 10 children across the U.S. affected by childhood cancer with dream bedroom makeovers.

Key Points:

Young children surprised with newly designed bedrooms in Dubuque, Buffalo, Chicago and Chattanooga
MILWAUKEE, Oct. 20, 2022 /PRNewswire/ -- In recognition of its Childhood Cancer Program's 10-year anniversary, Northwestern Mutual, through its Foundation, is collaborating with Special Spaces to surprise 10 children across the U.S. affected by childhood cancer with dream bedroom makeovers.
Together, Northwestern Mutual and Special Spaces are creating spaces where children can escape from the realities of their cancer diagnosis, and simply enjoy being a kid.
Throughout the month of September, Northwestern Mutual surprised children in Dubuque, Iowa, Buffalo, New York, Chicago, Illinois and Chattanooga, Tennessee with dream bedroom makeovers.
The mission of the Northwestern Mutual Foundation is to improve the lives of children and families in need.

Northwestern Mutual Invests More Than $3.5 Million to Expand Quality Education in Milwaukee Community

Retrieved on:

Tuesday, October 11, 2022

MILWAUKEE, Wis., Oct. 11, 2022 /PRNewswire/ -- As part of its long-term commitment to investing high-quality education to help close the opportunity gap for students in the city of Milwaukee, Northwestern Mutual, through its Foundation, is donating more than $3.5 million in grants to local educational programs, nonprofits and schools. The grants will support the company's goal of increasing the number quality seats available at high-performing schools to ensure all children have access to an enriching and supportive learning environment.

Key Points:

"At Northwestern Mutual, we believe education lays the groundwork for a strong community.
Every child deserves access to a quality education; however, the reality remains that educational disparities exist," said Steve Radke, president of the Northwestern Mutual Foundation.
Northwestern Mutual shares the school's long-term goal of increasing the number of quality seats in Milwaukee schools and has donated $1 million to the capital campaign.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.