Take Steps to Secure Your Financial Future - October is National Retirement Security Month

You may read that headline and think, “Financial future? Retirement? I don’t have time to think about that now.”

You’re not alone — many of us have been there before! But did you know that taking steps early in your career can have a huge impact on your future retirement lifestyle?

Securing your financial future starts with understanding the retirement benefit available to you as a YMCA employee and how best to maximize it! The YMCA Retirement Fund is a generous benefit that rewards a career of service to the Y with lifetime income in retirement. Simply put, when you’re ready to retire, you can turn your account balances with the Fund into monthly income for the rest of your life. It is safe, secure, and account balances have never gone down.

The Fund’s Learning Center is your go-to resource for information, videos, and other tools to help understand everything about the Fund and how you can take advantage of this exceptional benefit.

  • Play the 403(b) Savings Plan Game: Learn about the tax-deferred 403(b) Savings Plan with The Money Challenge game! The Savings Plan is a great way to start saving with the Fund from the first day of employment. There is no minimum amount to contribute, and you can enroll at any time.
  • Take an Online Course: Understand the differences between the 403(b) Savings Plan and the 401(a) Retirement Plan, and how each can play a role in your future. The courses are self-paced and available 24 hours a day, 7 days a week.
  • View Video Answers to Common Questions: How much money do you need to save for retirement? What is an Annuity, or at the Fund, Lifetime Income? What are all the ways in which your account balance can grow over the years? Get quick responses to these questions and more!

If you’re already saving with the Fund, that is great to hear! Now is the perfect time to log in to our online portal to review your personal information. While you’re logged in, you can also do the following:

  • Update your beneficiary information
  • Set your preferences
  • Update your contact information
  • View past statements, utilize the Lifetime Income Tracker, and more!

We hope you’ll explore the Learning Center to better understand the Fund benefit and what it can mean for you. If you have any questions, contact us Monday through Friday, 9:00am – 5:00pm ET.

September 28, 2022