Retirement Tops List of Financial Worries


What are your top financial worries? A recent Gallup poll put that question to Americans and it seems most of us are worried about funding our retirements. Nearly 60 percent of those surveyed said are “very or moderately worried” about not having enough money for retirement.

The top five financial concerns that had folks very or moderately worried are:

  •          59%  Not having enough money for retirement
  •          53%  Not being able to pay medical costs in the event of a serious illness or accident
  •          48%  Not being able to maintain the standard of living you enjoy
  •          40%  Not having enough money to pay off your debt
  •          39%  Not being able to pay medical costs for normal healthcare

These results didn’t surprise me. I work to educate people every day about managing money and budgets. What I see in these results is that financial education can help to reduce this worry.

And that’s why I love what I do. Together with my team, we visit companies and organizations to provide free financial planning on a number of these issues. And because Hanscom FCU is a nonprofit organization, we have no agenda to sell you products. The goal of our seminars is to hear your questions and get you answers. We offer strategies to help you reach your financial goals.

Retirement planning is one of the most popular topics at our Lunch and Learn seminars. We bring lunch and spend an hour discussing the topic and answering questions — and it doesn’t cost you anything. Some of our popular Lunch and Learn topics include:

  •          Investing in property
  •          Building a budget
  •          Protecting your identity
  •          Women and investing
  •          Estate planning

Credit unions have long prided themselves on being a neutral source for financial education. We are no exception. Helping people understand money management is what I do. If you are interested in learning more about our Lunch and Learn programs, let’s talk.

Sign up for a free Lunch and Learn Seminar.  Related Blogs:

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About Author

Maria Porto
Maria Porto

Maria Porto is Hanscom FCU's assistant vice president of partner relations. She may be reached at mporto@hfcu.org.

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