Impact Jackson 601 Hosts 2 Finance Workshops for Families and Seniors
Updated
Updated · WLBT · Sep 12
Impact Jackson 601 Hosts 2 Finance Workshops for Families and Seniors
1 articles · Updated · WLBT · Sep 12
Summary
Two Saturday workshops in Jackson gave families and seniors guidance on budgeting, credit and Social Security decisions aimed at strengthening household finances.
Community Bank led the first session on financial literacy and credit, while the second focused on retirement timing and how claiming Social Security affects monthly income.
Sheila Bingham said better financial knowledge can change a household’s resources by roughly $1,200 to $2,000 and help residents move toward financial freedom.
The Social Security discussion highlighted choices such as claiming at 62 or waiting until 67, with attendees weighing income needs against goals like paying off a mortgage.