Retirement isn’t as simple as reaching age 65 and quitting your job. It takes planning, and the earlier you start, the better. You need to think about when to take Social Security, pay for health insurance, and how much you can spend on living expenses and just enjoying life. 

Families of color were already trailing in retirement savings, then the coronavirus pandemic hit, adding a further hurdle to retirement planning for minorities in the United States. More than 60% of Hispanic households are at risk of being unable to maintain their current standard of living in retirement, along with 54% of Black families and 48% of White households, according to the latest available data from the National Retirement Risk Index calculated by the Center for Retirement Research at Boston College. And according to the National Black Chamber of Commerce, African American entrepreneurship and college graduation rates are both on the rise; however, even as these rates increase, people of color still have less saved for retirement than the rest of the population.

We are filled with questions about just how we will pay for our retirement.  How much do I need to retire comfortably? How much will I get from Social Security?  There are many questions about retirement, mainly because retirement is now considered a phase of our lives rather than a couple of years spent marking time after we stop working.  We need to develop a financial plan.  We need to build a health and exercise plan.  We need to establish an emotional and social support plan.

Certified and licensed retirement planning professionals teach all of NPHS’ Financial Wellness for Retirement online workshops. These online workshops talk about how to prepare for retirement to age-in-place comfortably. NPHS partners with respected financial advisors and retirement savings plan providers to offer free retirement and financial planning workshops. Learn from financial planning experts to plan and save for your retirement.

Volunteer opportunities are available. Please contact 909.988.5979 for more information.

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