January 24, 2014
Subject: Retirement Readiness NOW Tip
Your Retirement Readiness NOW Tip:
The National Credit Union Administration provides valuable financial tools and resources on their website at www.mycreditunion.gov.
Once you are there, just click on the tab for Financial Tools and Resources to use the following:
Find out more about a college's affordability and value so you can make more informed decisions about which college to attend.
Consumer Loan Calculator
You can adjust variables, including number of payments, principal, and interest rate, to determine your monthly payment.
The following links to government websites may be helpful as you investigate the financial tools available to you.
Mortgage Loan Calculators
Compare the monthly payments and the amount of equity you will build in your home for several kinds of fixed and adjustable rate mortgages.
Personal Budgeting Worksheet
This worksheet will help you understand where you can be flexible each month.
Savings & Retirement Calculator
The Social Security Administration’s Retirement Estimator calculator will provide estimates based on your actual Social Security earnings record.
Share Insurance Estimator
The Share Insurance Estimator helps credit union members calculate their coverage under National Credit Union Share Insurance Fund.
Retirement Readiness NOW is not just about saving money and not just something you do just before retiring. Money is very important, but that’s not all. There’s a lot more to planning for your future than putting aside income out of each paycheck for retirement.
What else is there? Happiness, both today and in your future years, is based on your total well-being. So, when planning for your future, you also need to consider your total retirement well-being that encompasses the following:
Networking - What are you doing today that will allow you to be engaged, challenged and fulfilled in retirement?
Overall Health - What are you doing to stay healthy so that you can enjoy your retirement years?
Wealth - How well are you managing your income and investing for your future so that you will be able to support your desired lifestyle in retirement?
Each week we send you a link to a web site that will help answer one of the questions above. Please visit the web sites and share the links with your employees and your friends.