Shannon Csapilla is a Wealth Management Client Associate at Merrill Lynch.
STAMFORD, CT / ACCESSWIRE / October 30, 2024 / Merrill Lynch Wealth Management Client Associate Shannon Chapira is raising awareness about the importance of early retirement planning and financial literacy. With a background in economics and wealth management, Shannon is passionate about helping individuals take control of their financial future by encouraging them to plan early and make informed decisions. I’m doing my best.
“According to a recent report from the Transamerica Retirement Research Center, only 39% of Americans are confident in their retirement savings,” Chapira said. “It’s alarming that so many people are worried about their financial future. My goal is to start planning for retirement early, even if it’s just a small step. It’s about emphasizing the importance.”
Planning for retirement is more than just saving. Csapilla emphasizes that understanding your investments, tax strategies, and long-term financial goals are equally important. According to the Federal Reserve, the median retirement savings for American households is just $65,000, which is often less than the amount needed for a comfortable retirement. Csapilla’s work focuses on helping clients create personalized strategies that align with their financial situations and long-term aspirations.
“I’ve worked with clients who initially felt overwhelmed by the idea of retirement planning. By breaking down the process and showing them the power of compound investing, I’ve helped them get started early. We were able to understand the benefits of this,” explains Sapira. “Even small, recurring contributions can lead to significant savings over time.”
Chapira also highlighted the disparity between men and women when it comes to retirement planning, noting that women are more likely to take career breaks, creating a gap in their retirement savings. “Women often face unique challenges when it comes to financial planning. Research shows that women are 80% more likely to be poor in retirement than men. This is largely due to the wage gap and It’s because of caregiving responsibilities,” she said. “I am passionate about helping women feel empowered to take charge of their financial futures, no matter where they are in their careers.”
As part of her mission to raise awareness, Ms. Shannon will host free educational workshops at Stanford to provide important financial literacy resources, with a particular focus on retirement planning, investing, and financial health. is. These workshops are designed to demystify the planning process and equip participants with the tools they need to make informed decisions.
“Financial literacy is the foundation of a secure future, but unfortunately many people do not have access to the right resources,” Chapira says. “By offering these workshops, we hope to provide people with the knowledge and guidance they need to plan for their retirement with confidence.”
Through her work at Merrill Lynch, Shannon continues to guide clients in achieving their financial goals by providing tailored advice and ensuring they have the tools to succeed. Efforts to raise awareness about the importance of financial literacy and early retirement planning are part of a broader effort to help individuals achieve long-term financial security.
About Shannon Sapira
Shannon Csapilla is a Wealth Management Client Associate at Merrill Lynch with a background in economics and mortgage management. She assists clients with financial planning, investment strategies, and retirement planning, with a focus on empowering individuals through financial literacy and early retirement planning.
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Source: Shannon Sapira
