Author: Shonda Johnston
Planning Unit: Clark County CES
Major Program: Securing Financial Stability (general)
Plan of Work: Targeting Life Skills and Family Lives
Outcome: Initial Outcome
Research shows that planning for retirement can be a difficult and even stressful exercise. Many people lack the financial education to know where to start in order to make a significant effort to plan for retirement. The Clark County Extension Council identified financial management skills as an area that Extension Programming could benefit the community.
In November of 2019, the Clark County Family and Consumer Sciences Agent, in collaboration with a local attorney and certified financial planner, offered a two part program about preparing for retirement. The goals of the series were to teach about long term retirement planning, understanding goals and investments, and preparing for the unexpected. The class was advertised for those who were in the retirement planning phase of their lives, typically under 60. Ten people signed up for the program.
Of the participants, 70% reported an increase in confidence in defining retirement goals. Over half of the participants indicated that they felt more prepared to start working on their retirement goals and 80% reported the information was very timely and practical. A few participants were very interested in learning about getting a will and wanted additional classes on that and estate planning.
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