There’s no such thing as easy money, but what this nonprofit is doing comes pretty darn close: the 3rd Decade program run by the TCI Foundation founded by Bob Swift is offering free personal finances classes to millennials and then giving graduates of the program $1,000 to put towards their retirement.
Pretty great, right?
The program, based in Tuscon, Phoenix, and Flagstaff so far, is open to young adults working full-time and with a household income of between $35,000 and $100,000.
The three month course covers everything from insurance to planning for retirement to investing, things that should be on anyone’s list to learn about.
Those who successfully complete the training take an exam and then sign-up for two years of free financial advice.
Here’s the real coup: Those who pass the exam and sign-up for the counseling receive a $1,000 contribution from the TCI Foundation to a Roth individual retirement account of their choice.
Since the program began in 2016, 300 people have graduated from the program, and another 143 people have signed up for upcoming classes. The foundation is also working on an online version of the course which would be available to millennials outside of Arizona.
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