Offering financial and retirement planning seminars can help employees of all ages in the organization be better prepared for their future years after working hard for a living all of their careers.
Most employees need guidance in doing their retirement planning. These sessions typically allow participants to calculate what savings requirements are necessary to provide for retirement at various levels of income. They also discuss the various types of investments and their appropriateness for different stages of life. Employees may also need guidance on how they can effectively utilize the company-sponsored retirement benefits such as 401(k) programs. In addition, the programs can help take the burden off the company for being the sole contributor to employees’ future financial security in retirement.
Offering financial planning seminars for employees can be especially beneficial given the current economy. For example, a recent study found that 97% of American respondents fully understand that the earlier they start saving for retirement, the better off they will be. However, only 53% are currently saving for retirement. Some common reasons for not participating in retirement plans included “Not knowing where to start” and “Needing help, but not knowing where to get it.”
The more employees understand how to plan financially for their future, the better prepared they will be for their retirement years and enjoy this special time in their lives.
Your employees will lead happier, more fulfilled lives as a result of better financial planning for their future.
Employers Not Confident Employees Are Financially Prepared for Retirement, Survey Shows