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 understanding your values and getting your finances in order. These workshops—presented in collaboration with MIT Benefits—will help you understand how your current lifestyle, retirement dreams, savings, and investment decisions influence a successful retirement.

Preparing for a Happy and Successful Retirement

Thursday, March 22, 2018 - 12:00pm to 1:30pm

Building: 46-3189 (Brain and Cognitive Sciences)

Presenter: Richard Dufresne, M.S.W., L.I.C.S.W; Founder and Principal Consultant, Alliance Consulting HRD

Work provides structure, meaning, conversation topics, as well as some stress and joy. When the structure of work ends, it can raise many questions, such as How should I spend my time? What if I get bored and don’t like being retired? Will spending so much time together with my partner be a good thing? Some people thrive and enjoy being retired while others can slip into periods of self-doubt, boredom, and even depression. This seminar will focus on several key areas that will help participants be better prepared for the social and emotional changes brought on by retirement.

These areas include:

  • Stages of retirement
  • Key questions to consider and answer to help you prepare and become emotionally ready for retirement
  • Common challenges and proactive strategies for the early stages of retirement
  • Research about those who are happy and satisfied in retirement
  • Effective ways to manage the questions and expectations of family members and friends once you retire

Then What? Planning for a Fulfilling Life After Full-Time Work

Thursday, April 12, 2018 - 12:00pm to 1:30pm

Building: E25-202 (Whitaker College)

Presenter: Judy Elkin, M.Ed., PCC; Professional and Personal Coach

We are part of an extraordinary, history-making generation: pioneers in understanding and making the most of this “third chapter” of life, one that is filled with the potential for learning, growth, and creativity. Yet, some of us are wary about this next stage, perhaps even resistant. The effects of aging are real, the loss involved with leaving a full-time job is real, and the opportunities that lie ahead are also very real and powerful. You will leave this workshop with at least two action steps that bring you closer to the fulfilling retirement you want.

Optimizing Your Social Security Benefit

Thursday, April 19, 2018 - 12:00pm to 1:30pm

Building: 46-3189 (Brain and Cognitive Sciences)

Presenter: Francine Kollias, B.A.; Social Security Consultant and Educator

Considering retirement, but not quite sure how to maximize the government benefits available to you? This session will help. Come learn the ins-and-outs of Social Security and Medicare benefits and enrollment, including:

  • Common Social Security myths
  • Qualification guidelines for Retirement, Survivor, and Disability benefits
  • Medicare basics and enrollment requirements
  • Filing procedures and timeframes around applying for benefits
  • Helpful online services provided by the Social Security Administration

Understanding the Legal Landscape of Aging

Thursday, May 10, 2018 - 12:00pm to 1:30pm

Building: 76-156 (Koch Institute for Integrative Cancer Research)

Presenter: Harry Margolis, J.D.; Managing Partner, Margolis & Bloom, LLP

This seminar will help you understand a range of services and resources that are available to elder caregivers. It will provide you with the tools to help you in the planning, assessment, and implementation of care for your loved ones with a focus on the timing, mechanics, and legal issues involved. We will cover everything from Medicaid to your rights as a caregiver. Attorney Harry S. Margolis will help debunk common myths and clarify the rules of coverage to help you better navigate the legal landscape of aging.

Making Informed Retirement Planning Decisions: A Two-Part Series

Building: 46-3189 (Brain and Cognitive Sciences)

Presenters:

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

Steven DimitriouA.I.F., P.R.P.; Managing Partner, Mayflower Advisors

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.

We also recommend that you supplement your learnings from this seminar with a free one-hour consultation with MIT’s Retirement team. Click here to learn more and register. 

Part One: When Can I Afford to Retire? Friday, April 6, 2018 from 12:00p.m. - 1:30p.m.                             

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 will also 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, and create a financial picture of your retirement and your path to getting there.

Homework will include personal research into your own current retirement savings and budget in retirement.

Part Two: Will It All Add Up? Friday, May 4, 2018 from 12:00p.m. - 1:30p.m.

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
  • How your current and future insurance needs may differ

Spring 2018 One-on-One Retirement Consultations

These are one hour retirement counseling sessions to review your MIT retirement benefits. We will review your actual benefits projected to July 1, 2019 and age 65. If you have already celebrated your 65th birthday, we will show a projection of your benefits to July 1, 2019. We will also show you MIT Benefits’ online resources that you can refer to as you continue to revise and update your retirement plan.