Operation Tranquility

Due to recent statistics by Row and Harper (2007), minority and low income people cannot retire like their more affluent counterparts. This is due to a lack of financial planning a well as a lack of funding in earlier years. Operation Tranquility (OT) was designed to help late starting minority and low income seniors retire more comfortably, even though they are starting relatively later than their more affluent counterparts. 

 OT is an ongoing program of TUAC. This program provides free virtual financial counseling services for over 1000 clients that are over 50. OT helps these clients make the  most of retirement benefits in addition to new retirement financial strategies. OT contracts licensed financial advisors that are experts in the business of retirement planning. This program targets low income and minority seniors who may have started late in their retirement plans due to their low income and lack of financial advising help.

The objectives of OT include, but are not limited to:
1.) Helping low to middle seniors retire comfortably
2.) Aiding to the financial stability of our families
3.) Helping seniors age in place or in their homes longer
4.) Helping seniors live longer

  OT has staff that are well versed in their respective professions. They include financial counselors and mentors. OT has been in operation for over 5 years. OT operates via:

1.) Client referral via organizational partner recommendation (Month 1)
2.) Client assessed for financial needs (Months  2-12)
3.) Client matched with financial advisor that will match client needs (Months 2-12)
4.) Client counseled  according to their individual needs (Months 2-12)

OT is an ongoing program of TUAC. This program provides free virtual financial counseling services for over 1000 clients that are over 50. 

We are applying to Solve in order to help minority and low income seniors:

1.) Retire more comfortably

2.) Have financial stability in later years

3.) Age in place or at home

4.) Live longer due to less stress and better health care

 This program provides free virtual financial counseling services for over 1000 clients that are over 50. OT helps these clients make the  most of retirement benefits in addition to new retirement financial strategies. OT contracts licensed financial advisors that are experts in the business of retirement planning. This program targets low income and minority seniors who may have started late in their retirement plans due to their low income and lack of financial advising help. OT is unique in that it :

1.) Operates virtually utilizing Zoom or Webex ( Accessible and available to most or all)

2.) Can be used on a phone or home computer

3.) Reduces commutes to offices and saves time

4.) Very personal and confidential

5.) Helps reduce the financial stress on seniors in this day and age

Our goal is to :

1.) Scale OT to other states

2.) Go global as well.

3.) Increase financial literacy among low income to middle aged minorities and others

4.) Increase retirement literacy

OT utilizes qualitative and quantitative client entrance and exit survey to assess program and client success. Of the 1000 clients served, it is believed that 975 will actually benefit from our services. 

Change can occur through knowledge. When people know better, they can do better. Knowledge is power as well. When people are given the knowledge and power to help change their lives, they can therefore initiate change and growth in specific areas. OT is designed to help minority and low income seniors make better financial choices through better financial strategies and financial management.

 OT operates via:
1.) Client referral via organizational partner recommendation (Month 1)
2.) Client assessed for financial needs (Months  2-12)
3.) Client matched with financial advisor that will match client needs (Months 2-12)
4.) Client counseled  according to their individual needs (Months 2-12)

OT utilizes the technology of audio visual technology via Zoom and Webex in order to make financial counseling more accessible to minority and low income senior citizens. This approach :

1.) Saves time

2.) Saves money

3.) Provides confidentiality

4.) Provides financial stability and viability

TUAC as an organization that seeks diversity by utilizing board, staff, and volunteers that reflect the people that we serve. We have a zero discrimination policy in place.

We are a non-profit organization. We operate under this business model.

OT will be sustained beyond a Solve grant via:
1.) TUAC  Fundraising events 
2.) Grants
3.) Required board and staff giving
4.) In-kind donations

1.) TUAC  Fundraising events 
2.) Grants
3.) Required board and staff giving
4.) In-kind donations