What is Financial Well Being?
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Most Americans are under-prepared for retirement. Many studies point to a potential retirement crisis. The most sophisticated models imply that anywhere from 25 to 50% of US households, preparing for retirement will end up short of the savings needed. According to the National Library of Medicine, 40% of personal bankruptcies are because of excessive bills. Financial well-being is more than just about our ability to pay our bills or retire with dignity. Financial well-being impacts every area of our lives and is critical to our overall quality of life. Financial well-being is so vital that multiemployer benefit funds actively seek ways to communicate the available tools and resources and educate plan participants. Traci welcomes Jennifer Schuster and Josh Meyers from Segal Benz Communications, a firm that specializes in consolidating and directing multiemployer plan participants on available financial planning tools.Support the show