Two-thirds of baby boomers who are within 10 years of retirement say that rising health care costs have greatest effect on outlook.
In the past few days, three surveys have been released that paint a rather bleak picture of Americans’ financial status and expectations about retirement.
How members view their retirement plans in a new economy presents not only an opportunity but an obligation for credit unions to fulfill.
Northwest Federal Credit Union announced the selection of Chris McDonald as the successor CEO to Gerrianne D. Burks, who will retire in mid January after a 41-year career at the Herdon, Va., credit union.
The need for succession planning in credit unions isn’t a secret. There is a very real need to groom future industry leaders as many CEOs prepare to retire.
Defined contribution plan eligibility has a significant impact on Gen X workers’ risk of running short in retirement, Employee Benefits Research Institute found.
After some 24 years at the helm of United Nations Federal Credit Union, President/CEO Michael J. Connery Jr. will retire effective Jan. 1, 2013.
Those tapped into the needs of Generation Y are encouraged that this segment of the population would be attracted to credit unions if they knew the cooperatives could help face challenges with their retirement goals.
Deciding where to live in retirement can involve more than checking the number of sunny days in various locations or calculating how long it will take to drive over to see the grandkids.
Add Tim Kramer, president/CEO of KeyPoint Credit Union to the growing list of credit union leaders shifting into retirement.