Saving for retirement can be a daunting task, but there are a number of great resources to help you make a plan. Rethinking retirement was this years focus of National Retirement Week and the National Retirement Planning Coalition has tailored information if you are a student, if you are building your career, find yourself mid-career, late-career or if you are ready for retirement. Visit their website at https://www.retireonyourterms.org/your-plan There you will find ideas to form good money habits in saving, budgeting, investing, reviewing your credit, as well as retirement tools. Resources for researching Social Security, Medicare and long term care are also available as well as calculators to plan your retirement lifestyle and planning your retirement savings withdrawal strategy.
Every day thousands of baby boomers enter their retirement years. They are, unfortunately, members of a generation who are largely unsure of their financial future. For the past seven years, Insured Retirement Institute (IRI) research has discovered that baby boomers’ confidence in their financial preparations for retirement is steadily dropping. In 2017, only 22 percent of baby boomers feel adequately financially prepared for retirement.
The National Retirement Planning Coalition – comprised of prominent education, consumer advocacy, and financial services organizations – says this does not have to be the case. Rethinking your retirement by developing a holistic financial plan can restore confidence and build savings for those post-working years.
“Young or old, savers with a plan are twice as likely to save successfully, whether it’s for small or large goals,” said Allie Vered, director of America Saves. “National Retirement Planning Week gets the conversation started about what people need to be doing now to support themselves in the future. The earlier you start the better, but it’s never too late to save. Make a plan to put money aside consistently and automatically and you’ll be prepared for whatever life brings.”
The National Retirement Planning Coalition, spearheaded by IRI, recognizes the need to educate Americans on retirement planning and is committed to making this a national priority. National Retirement Planning Week® and other Coalition activities demonstrate that it is possible to “Retire On Your Terms.” To support these education efforts, the coalition has collected the latest resources to help consumers and financial professionals focus on long-term financial goals. These tools are available year-round at http://www.retireonyourterms.org./
Additional retirement resources can be found on this PIE blog page: http://foothillsunitedway.typepad.com/pieblog/2016/05/index.html
ABOUT THE PERSONAL INVESTMENT ENTERPRISE (PIE) PROGRAM
The Personal Investment Enterprise (PIE) program is a local savings program provided through Community Action Programs of Boulder County and Foothills United Way. The program is designed for low-income families to enroll in financial literacy classes and save through a matched saving account at a rate of 4 to 1. The first step in applying to the program is to attend an orientation meeting with Nino Gallo at Community Action Programs at Boulder County. Nino may be reached at 303-441-3998 or at [email protected] more information on the PIE program visit http://www.bouldercounty.org/family/financial/pages/pie.aspx
About America Saves America Saves is a campaign managed by the nonprofit Consumer Federation of America that uses the principles of behavioral economics and social marketing to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. America Saves encourages individuals and families to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week. Learn more at americasaves.org and americasavesweek.org. America Saves is a member of the National Retirement Planning Coalition dedicated to raising public awareness of the need for holistic retirement planning during National Retirement Planning Week.
About the Insured Retirement Institute The Insured Retirement Institute (IRI) is the leading association for the retirement income industry. IRI proudly leads a national consumer coalition of more than 30 organizations, and is the only association that represents the entire supply chain of insured retirement strategies. Members of IRI are the major insurers, asset managers, brokerdealers/distributors, and 170,000 financial professionals. As a not-for-profit organization, IRI www.RetireOnYourTerms.org Insured Retirement Institute (IRI) | 1100 Vermont Ave. NW, 10th Floor | Washington, DC 20005 | (202) 469-3000 provides an objective forum for communication and education, and advocates for the sustainable retirement solutions Americans need to help achieve a secure and dignified retirement. Learn more at www.irionline.org.
