Improving people’s financial well-being takes creativity, commitment and a culture of service. These are the stories of credit unions and how they are putting people’s financial well-being at the center of their strategy. Shared with you, our credit union family, to inspire you and give you the tools to navigate to the next stop on your own financial well-being journey.
In our 11th episode of Foundation Field Notes, Foundation Executive Director Gigi Hyland speaks with Cindy Hounsell, President of WISER (Women’s Institute for a Secure Retirement), to discuss how it is never too late for women to take charge of planning for retirement. Women have a longer life span than men and typically do not earn as much over their lifetime so it’s important to plan and save for retirement. Credit unions and banks can also assist members with planning and provide resources to help individuals secure Social Security benefits, Medicare, and other state resources available.
Foundation Field Notes Episode 11: Planning for Retirement for Women
Here are the three main takeaways from the interview:
- It’s never too late for women to start or take charge of planning for retirement and making sure they are financially secure in their later years.
- Make sure you are aware of when you are eligible for full Social Security benefits and that you sign up for Medicare at 65 regardless of your employment status.
- It’s important for credit unions and banks to be familiar with local and state resources available so they can point their members in the right direction so they can get the information and services they need as they approach retirement age.