National Retirement Planning Week April 9-13
Estimating how much money is needed for retirement can be confusing and challenging. This is why the
"No matter how old you are, it is still possible to rethink retirement and retire on your own terms by making plans that are well developed and managed. Being proactive and routinely assessing your financial and insurance preparedness are good steps to take towards the goal of a financially secure and dignified retirement," said
For example, heath care expenses need to be calculated into retirement financial plans, and yet reports show that only 18% of Baby Boomers adequately estimate this expense. It is important to visit with a financial advisor and your insurance agent to get advice on structuring you retirement plans and needs.
"Continuous learning and inquiry are the keys to financial freedom," said
Planning for your retirement by developing a long term financial plan can help establish security and better preparedness for the post-working years. "PERSI believes whether you are a public employee or not, through education, planning, and saving, all Idahoans can build a secure retirement. We are proud to partner with the Departments of Insurance and Finance, to encourage all Idahoans to start planning and saving today for their retirement," said PERSI Executive Director
The following resources are available to help consumers comprehensively plan for retirement and plan for their future financial needs:
* During the month of April, the
* The
*
* Consumer Affairs Officers from the
* Consumers can like or follow the Departments of Insurance, Finance and PERSI on Twitter and Facebook to find tips about retirement planning. Look for the hashtag #RethinkRetirement.
* Additional resources to help consumers focus on long-term financial goals are available at www.retireonyourterms.org.
About the
The
About the
The Department's mission is to aggressively promote access to vigorous, healthy and comprehensive financial services for Idahoans. This is accomplished through prudent and efficient oversight of financial institutions, investment opportunities and credit transactions. Consumers can obtain information about financial firms, professionals or products, as well as obtain more information and educational resources on the Internet at www.finance.idaho.gov or by contacting the Department at (208) 332-8000 or
About PERSI
PERSI provides retirement, disability, survivor, and other benefits close to 150,000 Idahoans. Our membership is comprised of retirees, beneficiaries, and active public employees working for more than 790 employers across the
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