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Podcast: The CU2.0 Podcast
Episode: CU 2.0 Podcast Money Talks Episode 7 with Kirk Kordeleski on Revisiting a Now Out of Date SERP or a 457F Retirement Package
Description: Send us Fan MailLucky you. You negotiated a satisfactory SERP (Supplemental Executive Retirement Plan) or maybe it was a 457F bonus package.Just one problem: Ballooning prices in today’s economy coupled with the fast paced growth many credit unions have experienced in the past five years probably have rendered those plans as woefully too small.Remember, the standard goal of much retirement planning is to give the retired executive an income equal to about 65% of his/her last three years’ inco...