1 ORGS · 9 ACTIVITIES ← all strategies ·
theory of action →

Retirement Catch-Up Support

By enabling higher annual contributions to retirement accounts for individuals aged 50 and older, increase retirement savings, because older adults who started saving later need accelerated savings to achieve financial security in retirement. This strategy focuses on addressing the retirement savings gap by allowing individuals approaching retirement to make catch-up contributions beyond standard limits. It specifically targets those who may have delayed saving due to economic hardship, lack of access, or financial emergencies. Unlike general retirement promotion, this approach provides a time-bound, structured opportunity to accelerate savings during the final accumulation phase.

1
orgs running it
9
activities of those orgs
7
clusters touched
who runs it

organizations running this strategy · 1

what it looks like in practice

activities of orgs running this strategy

A sample of programmatic activities from the orgs above. These are what the strategy looks like on the ground.

  • Administer education savings accounts TRAVIS CREDIT UNION
    direct service
    Offers Coverdell Education Savings Accounts (CESA) with a $200 minimum to open, enabling families to save for K-12 or college education expenses in a tax-advantaged account.
  • Administer retirement savings accounts including Traditional, Roth, and SEP IRAs TRAVIS CREDIT UNION
    direct service
    Offers Traditional IRAs for tax-deferred retirement savings, Roth IRAs for tax-free qualified withdrawals, and SEP IRAs enabling small business owners to contribute to employee retirement plans.
  • Manage money market accounts with flexible access and full insurance TRAVIS CREDIT UNION
    direct service
    Offers money market accounts with unlimited deposits, withdrawals, and transfers, no low-balance or maintenance fees, and NCUA insurance up to $250,000 per depositor.
  • Offer certificate accounts with fixed returns and promotional rates TRAVIS CREDIT UNION
    direct service
    Provides certificate accounts with fixed APY for set terms, monthly compounding dividends, a $500 minimum to open, and periodic promotional rates such as 3.80% APY for 4 months and 3.65% APY for 7 months.
  • Offer home financing and equity-based lending products TRAVIS CREDIT UNION
    direct service
    Provides a range of mortgage and home equity products including first mortgages, refinancing, home equity loans, and home equity lines of credit, with fixed-rate mortgage options from $60,000 to $3,000,000.
  • Offer membership and savings accounts with low barriers to entry TRAVIS CREDIT UNION
    direct service
    Provides accessible membership through a Prime Share Account requiring only a $10 minimum to open ($5 membership fee + $5 deposit), along with a Target Savings Account requiring a $5 minimum, designed for goal-based saving such as vacations, cars, or holiday expenses.
  • Provide auto financing with flexible terms and digital convenience TRAVIS CREDIT UNION
    direct service
    Offers auto loans with competitive rates, APR discounts for automatic payments and long-term members, 90-day payment deferral, pre-qualification options, and mobile electronic signing of disclosures to streamline the loan process.
  • Provide financial assistance during government shutdowns TRAVIS CREDIT UNION
    direct service
    Offers financial assistance to Department of Homeland Security employees impacted by partial government shutdowns, helping them manage financial hardships during periods of furlough or delayed pay.
  • Support retirement planning through IRA conversions and rollovers TRAVIS CREDIT UNION
    direct service
    Provides IRA conversion services from Traditional to Roth IRAs without incurring IRS penalties, and facilitates direct transfers and rollovers of IRA funds between financial institutions.