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

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

Retirement Sense: Making Informed 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. Please feel free to invite your spouse/partner to join you for these sessions. 

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, including signing up for a 1:1 meeting with an MIT Benefits Retirement Specialist. Please be sure that you are willing to make this commitment before registering for this session as space is limited. 

When Can I Afford to Retire? (Part One) 12:00pm - 1:30pm on Thursday, October 12, 2017

Building NE49-5000 (5th Floor, L-Lab)

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.

Will It All Add Up? (Part Two) 12:00pm - 1:30pm on Monday, November 20, 2017

Building NE49-5000 (5th Floor, L-Lab)
 

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

Presenters –

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

Steven DimitriouAIF, PRP; Managing Partner, Mayflower Advisors