When it comes to helping Local 26 members and their families plan for retirement, the Local 26 IBEW-NECA Joint Trust Funds has you covered. The Pension Plan is expertly overseen by a team of trustees and managed by financial advisors, and the Individual Account Plan (IA) is also expertly overseen by a team of trustees and managed by Fidelity Investments. All of our financial experts have been carefully vetted to take care of our members’ hard-earned retirement savings.
However, there are many things you, as an individual, can do to further strengthen your financial position now and in retirement. And, Fidelity has a number of resources to help you take a more active role in growing and protecting your savings.
Fidelity can help you get a check on your financial wellness with its new Financial Wellness Checkup. The Checkup is a great first step in understanding your financial position and can help you set goals, and problem solve, and create an action plan.
You may have already received an email from Fidelity about the Financial Wellness Checkup, but not realize how this program can help you gain a clear picture of your finances. The Checkup is a quick survey of questions about your personal financial situation and goals, and can be completed online from any laptop, tablet, or smartphone. The questions are based on what Fidelity calls the financial wellness pillars: spending, savings, debt management, and protection. As you progress through the Checkup, the questions become more personally tailored based on your responses to previous questions. The result is an actionable plan where you can leverage eligible benefits, take practical steps, and revisit and monitor your progress.
Additionally, Fidelity’s new Enhanced Financial Wellness Program includes an entire library of information dedicated to the four financial wellness pillars. Based on the answers provided to the questions in the Checkup, you will be directed to customized landing pages within the library to provide personalized content relating to your financial position and goals. This new initiative aims to give you more knowledge and confidence and, ultimately, make you feel more in control of your financial future.