Saving enough for retirement? Are your members?
According to the latest research of investors
aged between 21 and 50 years, only 39% are confident they will have
enough money for retirement. And of those that are confident, two thirds
have yet to develop an actual retirement plan. To further compound the
problem, most are underestimating how long they will live in
By joining us Feb. 12 at the Crowe Plaza Milwaukee West in Wauwatosa for this eye-opening simulation, you and your co-workers can learn what you need to do now to ensure your desired retirement lifestyle. You'll also learn to share the experience of a Retirement Fair with members so that they, too, can benefit.
"It's the same reality fair concept that
credit unions have successfully used with teens to prepare them for the
financial choices they'll need to make to live as self-supporting
adults, " said Chad Helminak, Director of REAL Solutions & Outreach
for The League.
"It only made sense to apply the same learning opportunity to retirement. You see really quickly that you may need some important adjustments in your planning depending on your expectations, and that's different for each person. Because the fair engages individuals in unique choices, they gain specific insights to adjust their plans."
Most financial planners and retirement advisors suggest people save a sufficient amount to be able to generate an income equal to 80% or their final salary. Depending on the choices you make, you'll learn exactly how much you'll need to reach your goals.
Throughout the fair, it is continually
stressed that participants should get advice that is specific to them
from a reputable financial planner or retirement advisor. However, the
Fair is a helpful –and often revealing – step in making sure
your retirement dreams are on track!
And don't forget The League's IRA Workshops!
Just before the Fair, on Feb. 12, we cover the "Essentials."
We'll explain the benefits and differences of a traditional and Roth
IRA, differentiate between types of beneficiaries, discuss eligibility,
examine proper contribution reporting, discuss tax issues and explain
rollovers, transfers and more.
On Feb. 13 we'll go "Beyond Essentials." This session assumes basic IRA knowledge and covers more
in-depth concepts: traditional and Roth tax advantages, IRA tax
reporting and withholding, handling a variety of IRA transactions,
managing Required Minimum Distributions (RMDs) and processing an IRA
Register now! Questions? Contact Judy Phillips at (262) 408-6020.
©2005 Wisconsin Credit Union League. All rights reserved.