August 3, 2017 | Read Time: 1 minute
Americans are woefully unprepared for their retirement years. Nearly half of working-age households have no retirement assets, according to the National Institute of Retirement Security. Two-thirds of households headed by people 55 to 64 years old have just one year’s worth of annual income socked away.
The numbers are particularly bleak for women. Those 65 and older have incomes 25 percent lower than their male peers and are 80 percent more likely to be impoverished.
Even small adjustments in early or midcareer — increasing retirement contributions by 1 percent, for example — can improve workers’ retirement outlook and ease worries.
To that end, some employers are offering financial-health days at the office. Specifics vary from workplace to workplace, but, among other things, they offer employees dedicated time during the workday to create a household budget, think about how to cut daily expenses, negotiate lower bills, assess insurance needs, protect themselves from identity theft, and plan for retirement.
Here is a step-by-step guide from investment website The Motley Fool on how you can plan a financial-wellness day for staff at your organization.
