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LIMRA: The Retirement Planning Gap Is Real — 88% of Pre-Retirees Think About Retirement Income, but 50% Lack an Updated Plan

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LIMRA’s Retirement Income Readiness Report finds only 1 in 4 American pre-retirees believe protected lifetime income such as Social Security, pensions and annuities will cover their basic expenses in retirement

WINDSOR, Conn., Aug. 5, 2026 /PRNewswire/ — How prepared do Americans feel for retirement? New research from LIMRA finds that Americans nearing retirement know what’s coming — they just aren’t acting on it. While 88% of pre-retirees have thought about how they will generate income in retirement, 50% lack a recently updated written retirement plan and only 40% work with a financial advisor. The result is a retirement confidence gap that savings alone won’t close.

The findings come from LIMRA’s Retirement Income Readiness Report which examined how pre-retirees and retirees aged 45 and older perceive their financial preparedness for retirement — and what drives that perception. The research suggests retirement confidence today is about more than just financial resources; planning, engagement, and a sense of security about future income also play important roles.

While nearly 6 in 10 pre-retirees rate themselves highly prepared for retirement, roughly 4 in 10 do not — and retirees, reflecting back, report nearly the same split. Cost-of-living volatility (43%) is the most frequently mentioned retirement concern among American pre-retirees, followed by the risk of outliving savings (30%). Even financially prepared consumers remain worried about running out of money in retirement.

Key findings for the life insurance and retirement industry:

Awareness without action. 88% of pre-retirees have thought about retirement income — yet 50% lack a meaningful or recently updated plan, and 76% have no plan or have spent less than 5 hours in the last year planning. The intention-to-action gap represents the industry’s clearest engagement opportunity.

Advice is a confidence differentiator. Consumers who work with a financial advisor or planner are far more likely to feel prepared for retirement — 77% versus 47% of those without one. Yet only 40% of pre-retirees currently work with a financial advisor, and just 8% of the least-prepared group does.

Demand for protected income is broad, not niche. 74% of pre-retirees want to learn more about protected lifetime income options, and 78% with a pension and/or annuity report high preparedness, compared with 50% of those without either. Among pre-retiree survey respondents, 93% of those reporting high retirement preparedness had taken action to learn about protected income, compared with 67% of those reporting low preparedness.

The expectations gap is stark. Despite that demand, only 25% of pre-retirees believe their protected income sources will cover essential living expenses in retirement — signaling substantial unmet need for guaranteed income products, education and guidance as the pension era recedes. Contrast that with current retirees; 52% of whom say their basic living expenses are fully covered by protected lifetime income today.

Cost and control are the barriers to beat. The biggest psychological obstacles to annuity consideration are perceived cost and reluctance to give up control of assets— product design and messaging challenges the industry can directly address.

“Consumers are telling us exactly where the industry can help,” said Bryan Hodgens, senior vice president and head of LIMRA research. “They value guaranteed lifetime income, they’re worried about outliving their money, and three-quarters of them are raising their hands to learn more. The companies that meet that demand with clear education, accessible advice and products that address cost and control concerns will define the next decade of retirement security.”

What drives retirement preparedness? The research found that the drivers of preparedness shift across the retirement transition. For pre-retirees, wealth, planning and protected lifetime income work together in an interconnected way; for retirees, preparedness becomes more hierarchical and anchored in wealth, with planning and protected income playing stabilizing, confidence-reinforcing roles.

For LIMRA member companies — insurers, retirement plan providers and distributors — the implication is clear: retirement preparedness is increasingly shaped not just by savings accumulation, but by planning engagement, trusted guidance and confidence in predictable income.

Methodology note: Findings are based on LIMRA’s Retirement Income Readiness Report, fielded in April 2026, surveying 486 pre-retirees (workers aged 45+ who plan to retire within 10 years) and 804 retirees aged 45+ in the United States. Preparedness reflects respondents’ self-reported score on a 0–10 scale; retirees were asked to reflect back on their preparedness at retirement.

About LIMRA

Serving the industry since 1916, LIMRA offers industry knowledge, insights, connections, and solutions to help nearly 700 member organizations navigate change with confidence.

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SOURCE LIMRA

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LG Energy Solution’s Battery Energy Storage System Qualifies as NVIDIA DSX Ready BESS

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LG Energy Solution’s BESS offering has qualified as DSX Ready BESSAdvanced AC-coupled ESS solution helps accelerate time-to-power for large-scale power applicationsLocalized North American value chain strengthens ability to meet growing ESS demand

SEOUL, South Korea, Sept. 21, 2026 /PRNewswire/ — LG Energy Solution (KRX: 373220) today announced that its Battery Energy Storage System (BESS) has qualified as NVIDIA DSX Ready BESS. This qualification reinforces the company’s ability to support reliable and scalable power infrastructure for AI-driven environments.

NVIDIA DSX Ready is a qualification program for partner products and solutions that meet applicable NVIDIA DSX reference design requirements, helping customers identify trusted building blocks for AI factories. The NVIDIA DSX AI Factory Platform unifies AI factory design and operations across compute, networking, power, cooling, facilities, and software.

LG Energy Solution’s BESS meets the applicable NVIDIA DSX Ready requirements for AC energy storage solutions. By accelerating time-to-power, the solution helps customers bring capacity online faster while addressing critical power management challenges such as AI load smoothing, voltage ride-through, and enhanced power reliability.

The qualified product’s key strengths include:

Modular 2.5 MW / 5.1 MWh battery blocks that enable scalable deployments and rapid capacity expansion to meet evolving power and energy requirementsAn integrated AC solution that supports agile grid-forming capability, fast response times, voltage ride-through, and AI load smoothingAC solution architecture designed to meet applicable UL[1] and NFPA[2] requirements, providing enhanced safety and reliability

LG Energy Solution has established a leading position in the North American ESS market, backed by a fully localized value chain spanning battery cell manufacturing, pack production, and system integration. By leveraging its network of five regional production facilities, the company plans to secure more than 50 GWh of LFP[3] battery cell production capacity by the end of 2026, further strengthening supply chain resilience and local manufacturing capabilities while meeting growing demand from data centers, infrastructure developments, and utility-scale energy storage projects.

In addition to its expanding manufacturing footprint, LG Energy Solution offers differentiated ESS capabilities spanning system integration, as well as both DC battery container and PCS integrated AC battery container solutions. Combined with IRA-compliant solutions eligible for applicable Investment Tax Credit (ITC) incentives and a localized service network across North America, the company is well positioned to support customers requiring rapid deployment, large-scale power solutions, and reliable long-term operational support.

“Being selected as a partner for NVIDIA’s first-ever DSX Ready program validates the strength and competitiveness of our BESS products,” said Chang Beom Kang, Head of ESS Battery Division at LG Energy Solution. “Building on our differentiated local manufacturing capabilities and technology leadership, we will further expand our digital infrastructure business and accelerate growth in this rapidly evolving market.”

About LG Energy Solution

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 100,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

[1] UL: Underwriters Laboratories

[2] NFPA: National Fire Protection Association

[3] LFP: Lithium, Iron, Phosphate

 

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SOURCE LG Energy Solution

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Great American Media Expands Partnership with Minivela to Develop New Latino Family Streamer Pure Flix Familia

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Minivela’s Manny Ruiz will serve as creative and content strategy partner for Great American Media’s new streaming destination for Latino families
 Actor-producer Carlos Ponce will support creative development, talent relationships and audience engagement

NEW YORK, Sept. 21, 2026 /PRNewswire/ — Great American Media today announced it has tapped Minivela, the Latino media entertainment and production company co-founded by media entrepreneur Manny Ruiz and actor-producer Carlos Ponce, to support the creation and production of Pure Flix Familia, Great American Media’s new streaming destination created for Latino families.

Great American Media expands its Minivela partnership to help build Pure Flix Familia for Latino families.

Minivela will serve as Pure Flix Familia’s programming, content and creative partner, working closely with Great American Media and Pure Flix leadership on original programming, content development, creator relationships, licensing, cultural strategy and audience engagement.

Ruiz and Ponce bring decades of experience working within the Latino community at the grassroots level, with deep track records across Hispanic media, entertainment, cultural marketing and storytelling that have connected them directly with Latino audiences, creators and communities.

“Pure Flix Familia represents an important expansion of Great American Media’s mission to serve families with trusted entertainment grounded in faith and shared values,” said Bill Abbott, President and CEO of Great American Media. “Manny, Carlos and the Minivela team bring a strong creative instinct and a deep understanding of Latino audiences and a commitment to faith and family entertainment. They know this community because they are part of it. Their perspective will be invaluable as we build a distinctive programming strategy and develop authentic stories that resonate across generations.”

Manny Ruiz, CEO and co-founder of Minivela, will lead Minivela’s work as programming, creative and content strategy partner. In this role, he will collaborate with Great American Media and Pure Flix executives to help identify original programming opportunities, cultivate relationships with Latino creators and producers, and advise on the platform’s cultural and audience strategy.

“This is an opportunity to work alongside Great American Media to build a streaming destination that understands Latino families and reflects their faith, values, experiences and aspirations,” Ruiz said. “Our focus will be on helping Pure Flix Familia develop authentic programming, meaningful creator relationships and a consistent content pipeline that can earn a lasting place in people’s homes.”

Carlos Ponce, who co-founded Minivela with Ruiz, will play a key creative and audience-facing role in the partnership. Ponce will support the development of Pure Flix Familia’s creative identity, help establish relationships with actors, writers, filmmakers and other creators, and contribute to audience-engagement initiatives. He is also expected to participate as on-screen talent in future Pure Flix Familia projects.

“Authenticity begins by ensuring that the people and communities we hope to serve have a meaningful voice in the creative process,” Ponce said. “We will work directly with writers, actors, filmmakers and producers who know these families because they come from these families. That is how we can help create stories audiences recognize, trust and want to share.”

Minivela will help develop original movies, series and mobile-first microdramas; identify potential content and acquisition opportunities; cultivate emerging and established Latino talent; and advise on programming, social media, community partnerships and audience-growth initiatives. The expanded relationship gives Minivela a broader leadership role in the development and operation of Pure Flix Familia.

Great American Media will retain responsibility for Pure Flix Familia’s business operations and final approval over its brand, budget, programming, acquisitions and distribution.

The expanded partnership builds upon Great American Media and Minivela’s previously announced development, distribution and marketing relationship that was initially only focused on producing mobile-first microdramas for U.S. Hispanic and Latin American audiences.

Pure Flix Familia is scheduled to launch in early October with Spanish-language entertainment and will expand over time to include bilingual and English-language programming created and curated for Latino audiences. The service is part of Great American Media’s broader strategy to grow its faith-and-family entertainment ecosystem and reach new audiences with programming families can confidently enjoy together.

Additional details about Pure Flix Familia’s launch programming, subscription options, supported devices and availability will be announced separately.

ABOUT GREAT AMERICAN MEDIA
Great American Media is a leader in faith-and-family entertainment and one of the fastest-growing entertainment networks on television. Great American Media is home to a portfolio of brands that celebrate faith, family and country, including Great American Family, the flagship linear network featuring original Christmas movies, romantic comedies and beloved series; Great American Pure Flix, a leading faith-and-family streaming service; Great American Faith & Living, the company’s unscripted companion network; and GFam+, an app that allows viewers to watch Great American Media programming anytime and anywhere.

Established in June 2021 by Bill Abbott and a group of U.S.-based family offices, Great American Media programming is available through cable and satellite providers, Great American Pure Flix, YouTube TV and the GFam+ app.

ABOUT PURE FLIX FAMILIA
Pure Flix Familia is an operating entity within Great American Pure Flix and Great American Media dedicated to culturally relevant entertainment centered on faith and family. The streaming destination is being developed to serve Spanish-dominant, bilingual and English-dominant Latino audiences through original movies, series, mobile-first microdramas and thoughtfully curated programming that families can confidently enjoy together.

ABOUT MINIVELA
Minivela is a Latino-focused entertainment and production company co-founded by media entrepreneur Manny Ruiz and actor-producer Carlos Ponce. The company develops culturally relevant programming for U.S. Hispanic and Latin American audiences, with an emphasis on mobile-first storytelling, emerging creative formats and authentic relationships with Latino creators and communities.

MEDIA CONTACT
Victoria Quevedo
media@crosswindpr.com
512.537.1414

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SOURCE Great American Media

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The PenFed Foundation for Military Heroes Announces Veteran Entrepreneur Accelerator Program September 2026 Cohort

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New cohort features companies spanning healthcare, technology, consumer products and workforce development

TYSONS, Va., Sept. 21, 2026 /PRNewswire/ — The PenFed Foundation for Military Heroes, a national nonprofit organization dedicated to supporting veterans in their transition from service to success, is excited to announce its September 2026 Veteran Entrepreneur Program cohort. The business accelerator begins with four days of in-person programming in San Antonio, Texas, followed by six weeks of virtual mentorship.

The program equips veteran and military spouse business founders with the resources, support network and expertise to grow their ventures. Participants receive expert guidance from seasoned business leaders on growing and scaling their companies, including support on marketing and brand strategy, communications and investor pitching.

“San Antonio has one of the largest veteran communities in the country, making it a natural place to bring together veteran and military spouse entrepreneurs who are building businesses that are making a positive impact,” said Terry Williams, retired U.S. Marine Corps Brig. Gen. and Director of the Veteran Entrepreneur Program at the PenFed Foundation for Military Heroes. “Over the next several weeks, we’re giving these entrepreneurs the tools, connections and guidance they need to strengthen their businesses and take the next step toward growth.”

The September 2026 cohort includes:

Budee Systems
Founded by U.S. Military veteran Freddy Ali, Budee Systems developed Bottle Budee, a U.S.-made modular carry platform that allows military personnel, first responders, tradespeople and outdoor enthusiasts to carry essential equipment in multiple configurations, such as sling, waist, holster and mounted carry without changing bags. Budee Systems is now entering the final production validation and quality assurance phase, and will begin commercial market expansion efforts upon completion.Capiro 
U.S. Marine Corps veteran Jordan Clayton designed Capiro, an AI-native operating system, for government affairs firms. Capiro can automate the preparation, submission, tracking and management of congressional funding requests, appropriations packages and advocacy campaigns. The company recently increased engagement with advocacy organizations and generated early investor interest.ClearPath IP Holdings
U.S. Air Force veteran Justin Mahan founded ClearPath IP Holdings, a technology company focused on helping innovators turn ideas into valuable, market-ready products. Through its AI-driven platforms, CompassIP and CaptureIP, the company supports entrepreneurs throughout the innovation process, helping them evaluate ideas, navigate intellectual property, develop patent strategies and identify paths to commercialization.Coleman Health Services 
U.S. Navy veteran Dr. Craig Coleman started Coleman Health Services to improve continuity of care for patients managing chronic conditions. The company combines clinical expertise with responsible AI to help care teams stay informed between appointments, using patient conversations and nurse-led follow-up to identify health changes that may need attention.CuraTech Outdoor Systems 
Founded by Army spouse Emi Kordenbrock, CuraTech is developing technology that makes outdoor property maintenance more efficient and automated. Its system uses connected sensors and environmental insights to manage tasks such as watering, fertilizing and pest control through existing irrigation infrastructure. The company already has five systems in production and reserved by irrigation contractors ahead of its planned Q1 2027 launch, along with three signed letters of intent and a fully operational end-to-end prototype.Connolly Aerial Services 
U.S. Marine Corps veteran Garrett Connolly created Connolly Aerial Services to prepare the next generation of commercial drone professionals. Through its Drone Ace Academy – an FAA Part 107 training program – students gain the practical skills needed to operate drones safely and effectively in the field. Drawing on Connolly’s extensive experience training military, government, public safety and commercial operators, the company is helping build a skilled workforce for the rapidly expanding drone industry.Essential EA + AI Storm OS 
Air Force spouse Kristina Spencer founded Essential EA + AI Storm OS to help organizations turn large amounts of information into clear, actionable priorities. AI Storm OS works alongside the technologies companies already use, bringing information from systems like email, calendars, customer databases and financial tools together to help leaders understand what needs attention, who should take the lead and what steps should happen next.Point Ref 
U.S. Army veteran Mike White started Point Ref to bring technology and greater consistency to pickleball officiating. The company is developing AI-powered systems that use computer vision and court-side technology to provide fast, reliable reviews of line calls during tournaments and organized play. Point Ref has already put its technology into action at four live events, including the Tennessee State Games, USA Pickleball Golden Ticket in Seattle and PickleCon in Kansas City.Prosperous Robotics 
Founded by Air Force veteran Michael Bankowski, Prosperous Robotics is developing advanced robotics and AI technology to help people preserve their mobility and independence. The company’s solutions combine rehabilitation robotics with intelligent software designed to provide more personalized support for patients, caregivers, and healthcare providers.Safe Haven Senior Advisors 
U.S. Coast Guard and combat veteran Kashyap Patel co-founded Safe Haven Senior Advisors to help families navigate the transition of aging loved ones into senior living communities – at no cost. Using a personalized, clinically informed approach, the company helps families evaluate care needs, lifestyle preferences and financial considerations to identify senior living options that are the right fit. Safe Haven has built relationships with more than 30 senior living communities and continues to grow its presence in the Charlotte, NC, market.TDY Rentals 
Founded by U.S. Army Reserve veteran Steve Buchanan, TDY Rentals rethinks temporary housing for professionals who spend extended periods away from home. The company gives business travelers the ability to customize their living arrangements based on their needs, preferences and budget, while TDY Rentals handles the logistics behind the stay. After establishing its model in the government temporary-duty market, the company is expanding its reach to long-term business travelers nationwide.Venora AI 
Founded by U.S. Army veterans Thomas Lambert and Braydon Welch, Venora AI helps dental practices simplify insurance administration and more easily identify the care patients are eligible for. The platform automates much of the insurance-checking process, providing dental teams with reliable coverage and benefits information before patients arrive and reducing the administrative burden on staff. The platform can also surface services that might otherwise be missed, helping practices improve collections and reduce avoidable claim issues. 

The Veteran Entrepreneur Program is free of charge for participants. The PenFed Foundation for Military Heroes does not take equity in any of the businesses. Veterans and military spouses who own or lead companies and are interested in upcoming cohorts are encouraged to apply here.

About The PenFed Foundation for Military Heroes
Founded in 2001, The PenFed Foundation for Military Heroes is a national nonprofit organization that supports veterans in their transition from service to success in civilian life. Affiliated with PenFed Credit Union, the Foundation has provided more than $55 million in financial support to veterans, active-duty service members and military families. PenFed Credit Union covers the salaries and administrative costs of The PenFed Foundation for Military Heroes, so more of your donation goes right to our programs. To learn more, please visit www.penfedfoundation.org.

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SOURCE PenFed Foundation for Military Heroes

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