Sue and Jim Steinhagen of Troy, Mich., were among the attendees at the ReinventingMiRetirement workshops in October.
Once retirement planning was pretty simple – your employer offered a set pension every month, Social Security benefits were determined, and with a little foresight you had some savings earmarked for the day you quit work.
Today, people are struggling with defined contribution plans and 401ks, waiting longer to qualify for full Social Security benefits, and either moaning at paltry interest on their savings accounts or fretting at the ups and downs of the stock market.Enter credit unions that are working to help members cope with a more complicated world. Two examples are Michigan credit unions involvement with ReinventingMiRetirement and the National Credit Union Foundation's encouragement of retirement fairs.
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