National Retirement Security Month is just around the corner, and there are several things you and your business can afford learn about the idea of retirement. Everyone loves the concept of retiring, but what does it take and how do you create a secure, comfortable lifestyle for yourself and your family when you stop working?
Use these insights to learn how best to invest in retirement, support your employees, and much more.
Participate in a Retirement Plan
National Retirement Security Month is a good time to encourage employees to participate in retirement plans. Many people don’t pay into these plans because they want to keep the money for here and now. While this is understandable, it’s not always the best option.
Think of National Retirement Security Month as the best time for you and your team to buy into retirement plans, prepare for the future, and make wise choices given everyone’s personal goals.
Reaching New Demographics
There are several new demographics that need support and outreach. Businesses can offer retirement benefits even to part-time employees, allowing many young workers to start saving for retirement early.
The same is true of businesses or industries that do not traditionally offer a benefits package. For example, are cleaning companies, small contractors, gig workers, and others participating in retirement plans? Do they have the opportunity to do so? This might be the inspiration many business owners need.
If you work for yourself, you might also consider putting money away that will serve as your future nest egg.
Educate Investors
Finally, National Retirement Security Month should be a time for investors to educate themselves. If you own a business, you should work to educate your employees.
There are many ways for workers to re-purpose their retirement funds, but it’s smart to educate investors on what is safe, how to research investments, and how to build a proper financial portfolio. With these seeds of knowledge, it’s much easier for everyone to set off on their own financial path.
Contact Martinelli Benefits Advisors
for More Information on
Retirement Plans and Administration
Our team at Martinelli Benefits advisors is happy to give you more information on retirement and financial security. National Retirement Security Month is just one part of a much broader discussion about how you will retire, what you need to do to achieve your financial goals, and where to begin. Plus, your business may need to begin investing more vigorously in employee benefit plans for all your team members, bringing retirement security that much closer to home.