Retirement Planning Workshop for Faculty/Staff of Boston College High School
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
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.
Social Security Retirement Benefits: How do they calculate my Retirement Benefits. How soon before retiring should I apply? Collecting Strategies from a financial planning perspective. What about spousal and widow(er)’s benefits? Will my benefits be taxed or reduced if I work or retire early?
Medicare and Health Insurance Planning: Medicare: Parts A and B. Costs involved. Are there “Gaps in Coverage”? When to Apply and penalties for not applying at the “right time.” How do Medi-gap policies or Medicare Advantage plans fit in? Long-term Care Insurance: possibly the forgotten insurance. Do I need it? Why it may be important?
Retirement Income Planning:
Managing your retirement investment planning strategy during retirement. Advantages and Disadvantages of various Retirement Income Planning Approaches. How the equity in your home and an annuitizing strategy could allow your income to last your lifetime, keep pace with inflation, and reduce risk.