Will you have enough money in retirement? It may take more than Social Security and your Wisconsin Retirement System annuity to cover the 70% to 90% of your pre-retirement annual income, which is recommended by financial advisors.
October is National Retirement Security Month. There is no better time to start taking steps to ensure you have a secure retirement!
Get your questions answered at the many webinars offered this month by the Department of Employee Trust Funds and its Wisconsin Strong partners, Summit Credit Union and Empower Retirement, the administrator of the Wisconsin Deferred Compensation Program.
Preparing for Your Retirement
Find out how to maximize Wisconsin Retirement System benefits during your working years and in preparation for retirement. Topics include: your WRS account balances; how your account grows through investment earnings; when you can retire; options for receiving your retirement benefit; health and life insurance in retirement; return-to-work rules; and much more
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Learn how to put together a retirement roadmap, review factors that influence when you should retire and how long your retirement could last. You will also learn about tax-advantaged savings vehicles like IRAs and 401(k)s.
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Learn the importance of staying the course and riding out market volatility. The key is to invest consistently for your long-term goals and do not panic. This webinar is designed for both WDC and non-WDC participants.
Session dates: October 6, 13, 19
WDC Enrollment: Your Journey to Retirement
How much do you think you will need for retirement and where will the money come from? Find out how the Wisconsin Deferred Compensation Program can help you save and invest for a secure retirement. This webinar is designed for non-WDC participants.
Session dates: October 5, 6, 7, 8, 11, 12, 13, 14, 15, 18, 19, 20, 21
WDC Webinars for Participants
If you participate in the Wisconsin Deferred Compensation Program, take advantage of the following webinars:
The WDC has added financial planning to services offered to participants! Learn more about this benefit, the process, and everything a financial plan would include.
Session dates: October 5, 12, 14, 19, 21
This webinar provides a general overview of things to put into your retirement action plan, such as budgeting, catch-up contributions, and how to contribute more through rollovers into your existing WDC account.
Session dates: October 7, 8, 11, 12, 13, 14, 18, 19, 21, 22
What is capital preservation? Is it better to invest in stocks or bonds? How do you manage your risk while investing? Get practical information that will help you pursue your investment goals.
Session dates: October 5, 13, 22
Advantages of Budgeting
Having a budget may help to ensure the money you spend doesn't exceed the money you earn. Learn about tools that could help you maximize your financial worth.
Session dates: October 6, 12, 20
Women and Investing
This webinar covers the unique mindset and factors that affect a woman’s road to retirement. Learn how to create a savings and investment plan to reach your goals.
The Wisconsin Strong: Your Financial Security™ program, offered by the Department of Employee Trust Funds, is designed to empower Wisconsin Retirement System members to maximize their WRS benefits, save for the future, and achieve financial wellness at any age. You’ll find free financial wellness education, resources, and tools at etf.wi.gov/wi-strong. Follow along at #WIStrongSecurity.