Hackley School Retirement Planning Workshop for Faculty/Staff-Session 1

Session 1:  

Basics of Financial/Retirement Planning: Key concepts and approaches necessary to ensure a financially secure retirement. How to critically evaluate your financial options. Getting organized: Creating and identifying ways to improve your Cash Flow and Balance Sheets. Identifying if you’re on Track to Afford to Retire.

Estate Planning Issues:  The importance of an up-to-date will; de-mystifying” probate. Estate tax everyone must have. The importance of Advance Directives. Remaining opportunities for wealth transfer with the recently enacted Secure Act 2.0.

Social Security Collecting Strategies: The Best time to collect Social Security Retirement Benefits from a “financial planning perspective.” How spousal, widow’s, children, and benefits of the divorced fit in. How might working affect my ability to collect benefits. Identifying whether my benefits will be taxed.