STAFF REPORT
How can I be sure my retirement funds will last my lifetime?
This important question is addressed in an Iowa State University Extension and Outreach workshop that will be offered online two different times this winter.
Pre-register at http://bit.ly/wyrp17806 . The online series is available Jan. 20 and Jan. 27.
Writing Your Retirement Paycheck is designed to provide information and resources needed by those approaching retirement within the next 10 years. The workshop outlines key factors to consider prior to retirement and describes strategies for planning one’s income in retirement.
“For most of us,” said Barb Wollen, Human Sciences Specialist, “Our paychecks have been determined by someone else all our lives. But in retirement, many of us are responsible for writing our own paychecks. How will we know how big it should be?”
According to Wollen, topics include inflation, health costs, Social Security, required minimum distributions, income tax, and more.
“Individuals need to make their own decisions about retirement,” Wollen said. “But clear and non-commercial information is a necessary ingredient for decision-making.”
Wollen points out that even those who work with a trusted financial professional must ultimately make the decisions themselves. A financial professional can suggest or recommend products and strategies, but it is the consumer who decides and then lives with the results of the decisions.
A fee of $25 per person or per couple for the Writing Your Retirement Paycheck workshop will help to off-set direct expenses and to support the Human Sciences County Extension Program.
Pre-registration is required. The registration link for the workshop is: http://bit.ly/wyrp17806.
Links for future offerings, including the Jan. 20 and Jan. 27 session, are found at https://www.extension.iastate.edu/humansciences/retirement under “Upcoming Events.”
Contact Lori Mannel at the Greene County Extension at 515-386-2138 with any questions.