On Thursday June 2nd, 2011 the Central Bank – National Financial Literacy Programme (NFLP) partnered with RHAND Credit Union Co-operative Society Limited to host a Financial Literacy Session with the theme, “Retirement Planning.”
Based on several unique criteria, a segment of the membership was selected to participate in the programme and personally invited to attend. A total of seventeen (17) persons attended the programme which lasted approximately 2 ½ hours. The topics discussed actively engaged the audience’s attention and at the end of the evening everyone walked away with valuable financial tips in order to truly enjoy their golden years.
Mr. Carl Morton, the presenter for the evening, has been with the National Financial Literacy Programme (NFLP) of the Central Bank since 2007. He delivered an informative and interactive presentation as he enlightened those present about the details and necessities of planning for the retirement period of life. Attendees asked several questions which were expertly clarified by Mr. Morton in an effort to ensure the messages of the importance of saving, budgeting and investing wisely were clearly understood and received by the audience.
Topics covered in this detailed but insightful presentation included: Concerns and Challenges of Retirement; One’s Attitude to Money and the Impact on Retirement; Calculating the amount needed to retire comfortably; Reviewing your Financial Position; and Basic Estate Planning.
This Financial Literacy Session is part of RHAND’s initiative to educate our members on the value of managing their finances. Look out for another session hosted by your Credit Union, or call and/or email us to pre-register for an upcoming Financial Literacy session in the later part of this year.
