Helping our members save for retirement

first_imgDid you know that almost half of all Americans have no retirement savings at all? This is an alarmingly high amount of people who have not been able to plan for their future. A few weeks ago was National Retirement Security Week, designated to helping people put themselves in control of their future finances. Retirement savings should be discussed more than just one week of the year, it is an important issue all year long.One-third of the American population has an income of $28,000 or less, which makes it extremely difficult to save for retirement. With all the monthly expenses that people have such as rent/mortgage, groceries, and utilities, the one thing they can put off is retirement savings.One effective way to help credit union staff, members and those in your communities understand what life might be like after retirement is through the Foundation’s “Retire on Track” Retirement Fair program. This is a goal-oriented and interactive experience, similar to Reality Fairs for teens, that allows participants to imagine their life in the future to better focus on a present plan to get there. continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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