Yet, according to an industry survey, 61% of nurses say they do not have time to focus on securing their own retirement because of other time consuming priorities.
59% say they do not even know where to begin.
And just 6% of nurses say they feel knowledgeable about investing.
After a busy day, says the survey, “the last thing you are inclined to do is focus on retirement planning.”
This week is National Nurses Week, since May 12 is the birthday of Florence Nightingale, the founder of modern nursing.
We know from working with many nurses and other health care professionals that they value objective and trustworthy advice, directed at helping them make the most of their workplace retirement plans and other benefits. They want to know the best ways to save, and how much they should be putting aside each year to prepare for their retirement.
As highly trained and educated professionals, they respect the value of good advice, and are usually so busy working that they don’t have the time to handle their own finances without help.
So if you’re a healthcare professional, here’s one piece of advice you shouldn’t ignore. Start now to plan for your own financial future. The earlier you start, the easier it is. Your first step is usually to sign up and participate in your workplace retirement plan. If you don’t have one, a Traditional IRA or Roth IRA can also help you save.
Please join us in honoring nurses and other dedicated health professionals this week. Let them know how much you appreciate everything they do!