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Pre-retirees and retirees help boost area non-profits

The time is now to start planning your financial future and how supporting your favorite causes plays into the equation. According to a study from Fidelity Charitable, 78 percent of pre-retirees and retirees aged 50 to 80 prioritize charitable giving, whether it is with their checkbook or with their time. On the volunteer front, more than 71 percent of pre-retirees and 55 percent of retirees have volunteered with an organization within the last 12 months to stay active and connected in their communities. Investment News reports that four million Baby Boomers are expected to retire in 2024, with millions more expected to hit retirement in the coming years. Door County Community Foundation President and CEO Bret Bicoy says the oncoming retirement boom makes the next few years very important for area non-profits.

Bicoy advises people to meet with their financial advisor or estate planner to see how they can best address their personal needs and the causes they support in the community. 

 

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