Financial Learning Initiative

FLI Reading List

The October 25th presentation by Doug Fore was a macro view of the global and US economy and identified why we should all be saving for retirement. Upcoming sessions and information will be directed more towards "What should I be doing as an individual?" Over 250 surveys were returned and the results have been tabulated and are being analyzed. Thank you for submitting your surveys and your comments.

• It is likely that taxes will increase in the future due to changes in government spending
• Healthcare costs are increasing at alarming rates and having significant impact on Medicare, Medicaid and private insurance
• Americans are not saving enough for retirement – Average household saving rate has dropped from a 10% to less than zero over the last 20 years (i.e. Americans spend more than they earn).
• Baby boomer retirement and healthcare needs over the coming years will significantly impact on programs like Social Security, Medicare and Medicaid - these costs will have to be borne by Americans
• There is a great need for individuals to:
  • Be educated about retirement needs and savings opportunities
  • Pay attention to changing retirement needs
  • Save all they can and plan ahead
  • Start saving early in your career.

Slides from “Retirement Investing: A Big Picture Look at What Lies Ahead”