Nursing News

A New Booklet Helps Put Nurses on the Path to Retirement Security


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July 8, 2010 - Just in time to celebrate our nation's independence, a booklet recently released will help our nation's nurses achieve their financial independence.

The Women's Institute for a Secure Retirement (WISER) and the CENTER for American Nurses (the CENTER) released The Busy Nurse's Guide to Financial Planning. This comprehensive yet easy-to-read booklet is geared toward helping nurses understand the basics of financial planning, and focuses on steps to achieve a financially secure retirement. The booklet is part of the Busy Nurse's Toolkit.

WISER and the CENTER are partners in the Nurses' Investor Education Project. Funded by a grant from the FINRA Investor Education Foundation, the project's goal is to help nurses who are short on time and financial knowledge to prepare for a secure retirement.

"In a survey of nurses we conducted, 61% said they don't have time to focus on securing their own retirement because of other priorities," notes Wylecia Harris, Executive Director of the CENTER. "And more than half don't know where to begin. This booklet is perfect for those who are short on time, but also at-risk for not having enough money as they age."

The Busy Nurse's Guide to Financial Planning helps nurses identify possible sources of retirement income and what steps they can take to increase their retirement assets. The booklet offers a range of guidance, from financial tips for nurses in every decade of their lives, to developing a retirement plan that fits with their current financial picture and future goals.

"In return for a lifetime of caring for others," Cindy Hounsell, President of WISER comments, "nurses deserve the comfort and dignity of financial independence in retirement." She encourages all women to take action, saying it's never too early - or too late - to plan for retirement.

For more information or to download a copy of The Busy Nurse's Guide to Financial Planning, visit www.wiserwomen.org, or www.centerforamericannurses.org.

The Women's Institute for a Secure Retirement (WISER) is dedicated to the education and advocacy that will improve the long-term financial quality of life for women. As the only organization to focus exclusively on the unique financial challenges that women face, WISER supports women's opportunities to secure fair pensions and adequate retirement income through research, workshops and partnerships.

The CENTER for American Nurses is a national professional nursing organization whose mission is to actively collaborate and partner with individuals and groups to create healthy work environments. The CENTER offers evidence-based solutions and powerful tools to navigate workplace challenges, optimize patient outcomes, and maximize career benefits.

The FINRA Investor Education Foundation provides underserved Americans with the knowledge, skills, and tools necessary for financial success throughout life. It is the largest foundation in the U.S. dedicated to investor education.

Source: Women's Institute for a Secure Retirement