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Dec 21 2016

Free Upcoming Retirement Seminars with WEA Member Benefits – For MTI Members Only!

 

Wednesday March 15, 2017

     4:30-5:30 PM

     1 hour crash course-Saving for your future

      Click here to sign up for this seminar!

 Seminar Descriptions:

  • 1 Hour Crash Course – Saving for your future: Why saving early and often is important.

Most Wisconsin public school employees can expect their retirement income to come from three sources: WRS (the Wisconsin Retirement System pension), Social Security, and personal savings. Even though your pension benefit provides an excellent head start, today’s employees need to consider personal savings to fill their retirement savings gap.

Here’s what we will cover in this not-to-be missed session:

  • Why you need more than WRS and Social Security

  • The importance of personal savings

  • The difference between a 403(b) and an IRA

  • Pretax versus Roth options

  • Investment choices

  • Contribution limits

  • Fees

  • Easy steps to start saving for your future

Whether you are just beginning your career or are nearing the end of it, there is something for you. Join us for this crash course and get a better idea of how your pension and personal savings work to fill your retirement savings gap.

The percentage of salary replaced is tied to how many years one works in state service. The 40%-50% figure assumes that someone puts 25-30 years in the Wisconsin Retirement System.

Seminars are free to attend; however, if you choose to invest in the WEA Tax Sheltered Annuity or WEAC IRA program, fees will apply. Consider all expenses before investing.

The 403(b) retirement program is offered by the WEA TSA Trust. TSA program registered representatives are licensed through WEA Investment Services, Inc., member FINRA. The Trustee Custodian for the WEAC IRA accounts is Newport Trust Company.

 

  • Understanding WRS 101: Your State Pension Plan

WRS, the state pension plan, will be a source of retirement income for most Wisconsin public school employees like you. How much do you know about this important benefit? 

Whether you just started your career or are nearing the end of it, there is something for you.

  • Read/interpret your pension statement.

  • Calculate your WRS pension benefit.

  • Choose an appropriate annuity option.

  • Purchase forfeited service.

  • Determine whether you will have a retirement income gap.

There will be opportunities for questions during the presentation.