Retirement Sense

...Making Informed Decisions

Are you thinking about retirement? To have a fulfilling and secure retirement, you need to plan now. Your satisfaction in retirement depends on laying the groundwork by understanding your values, knowing what is important to you, and getting your finances in order. These workshops will help you understand how your current lifestyle, your retirement dreams, along with your savings and investment decisions influence a successful retirement.

Presented in collaboration with the MIT Benefits Office.

Retirement Sense: Making Informed Retirement Planning Decisions (A Two-Part Series)

Are you beginning to think about when to retire, but uncertain of how to make sure you are ready financially?

This is a two-part workshop series designed to help participants be informed and proactive about retirement planning for those considering retirement within 10 years. Participants must attend both sessions in order to take part in the program, and will be asked to complete a few short personal assignments in between sessions. Please be sure that you are willing to make this commitment before registering for this session as space is limited. Please feel free to invite your spouse/partner to join you for these sessions. 

When Can I Afford to Retire? (Part One) 12:00pm - 1:30pm

This workshop will help you learn how to estimate your retirement income and costs to plan for a healthy financial future. We will focus on Social Security and Medicare rules, MIT’s retirement plans, and the tax implications of retirement savings. We also will discuss how your day-to-day spending patterns in retirement might differ from how you spend currently. At the end of this seminar, you should be able to create a basic retirement budget of monthly income and expenses, as well as a financial picture of your retirement and your path to getting there. Homework will include personal research into your current retirement savings and how to budget in retirement.

Will It All Add Up? (Part Two) 12:00pm - 1:30pm

This workshop will help you understand the impact of your current lifestyle, savings, and investment decisions on realizing your retirement goals. You will learn how the choices you make, or don’t make, about managing investment risk can impact the timing of your retirement and your retirement lifestyle. We will also discuss: 

  • Asset allocation and diversification in investment
  • How to create a stable income stream
  • How and why you need to keep your household budget in retirement flexible
  • Estate planning – what it is and why it’s important
  • Types of insurance you may need in retirement and how those needs may differ from your current insurance needs

Presenters –

Ken Davies, E.A., CEBS, B.S.; Retirement Programs Manager, MIT

Steven Dimitriou, B.A., AIF, PRP; Co-Founder and Managing Partner, Mayflower Advisors

Lawrence Glazer, AAMS; Co-Founder and Managing Partner, Mayflower Advisors 

Maureen Ratigan, M.B.A.; Director of Benefits, MIT