Retirement Fairs

 

New Jersey Credit Union Foundation Now Offering Retirement Fairs to New Jersey Credit Unions

New Financial Literacy Program is a Great SEG Development Tool

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.

The National Credit Union Foundation’s REAL Solutions Program in cooperation with CUNA Mutual Group have developed a new Retirement Fair to assist credit unions in helping their members better prepare for retirement. The Fair is an experiential learning experience, similar to the popular Financial Reality Fair program offered through the New Jersey Credit Union Foundation. The program is designed to get members of all ages, not just those nearing retirement, to think more carefully about the type of lifestyle they would like to pursue in retirement and then link it to their financial plan.

At the start of the year, the New Jersey Credit Union Foundation hosted an informational session on the program and now, based on credit union interest, will be offering the program to New Jersey credit unions at no cost.

To participate in the program, each credit union will need to sign a Memorandum of Understanding outlining the details of participation and responsibilities of the credit union as well as the Foundation.

For more information or to sign up to participate, please contact New Jersey Credit Union Foundation Executive Director Candice Nigro at cnigro@njcul.org or 609-448-2426 ext. 110. 

CUNA News Now -- "Retirement fairs put post-work assumptions to the test" -- May 13, 2014