Retire on Track
New Financial Literacy Program is a Great SEG Development Tool
The National Credit Union Foundation's REAL Solutions program in cooperation with the CUNA Mutual Group has developed a Retirement Fair, "Retire on Track", to assist credit unions help their members and staff better prepare for retirement. The fair is designed to have people think more carefully about the type of lifestyle they would like to pursue in retirement and then link it to their financial plan.
How does it work?
Participants visit seven lifestyle booths during the fair. At each booth they ponder a series of questions and then make an assessments about how much they will most likely spend on that aspect of their retirement lifestyle. After visiting each booth they then hear how to link their lifestyle choices to their retirement savings. They are strongly encouraged to get detailed advice from a retirement planner who will help them assess whether they are on track to be able to finance the lifestyle options they chose. A participant takes about 60 minutes to complete the process.
The fair is applicable to people of all ages, not just those nearing retirement. It is designed to not only help people adequately save for retirement but it encourages people to plan for all lifestyle aspects of their retirement.
Last year, 1,375 estimated adults participated in 25 Retirement Fairs in the U.S.
New Retirement Fair Materials Available to Credit Unions
The "Retire on Track" Guide & Materials from the Foundation contains electronic files of everything an organization would need to hold a Retirement Fair, including a comprehensive guide, PowerPoint presentations, handouts, posters, webinars, and more. There is also a custom option available for credit unions that want to add their logo to most of the materials.
Order the Guide & Materials:
> By Mail