A recent national study validates the importance of having personal savings as a primary source of income in retirement.
According to the study, personal savings (including individual retirement accounts and other investment accounts) are expected as a primary source of retirement income by government workers in the education (74%), public safety (78%), health and human services (75%), and other state/local government (73%) sectors.
Along with a WRS pension, a supplemental retirement savings plan like the Wisconsin Deferred Compensation Program (WDC) is equally important for WRS members to grow their personal savings and attain a financially comfortable and secure retirement.
In June, the WDC will host 30-minute webinars on "Your Journey to Retirement" for non-retired WRS members, whether a WDC participant or not.
Topics include WDC basics like enrolling, contribution limits, investment options, and pre-tax vs. Roth contributions; risk and asset allocation; rollovers into the WDC; and WDC's Retirement Readiness Reviews. A local WDC retirement plan advisor will be available to answer questions and provide additional resources.
Register for the following schedules by clicking the dates below:
- Thursday, June 5 at 1 p.m.
- Friday, June 13 at 12 p.m.
- Monday, June 16 at 12 p.m.
- Tuesday, June 24 at 11 a.m.
About the WDC
The WDC is an optional, supplemental retirement savings plan (IRS Section 457) for all working state and university employees. Local government and school district employees may also enroll if their employers offer it.
To learn more about the WDC, schedule a no-obligation appointment with a local WDC retirement plan advisor by calling 1-877-457-9327.