Your 1099 Decoded

1099's are now available to download from your myLAGERSaccount. We will mail paper copies to everyone on January 31, so keep this blog post handy as a reference to decoding the taxation of your retirement benefit.

Tagged Taxpayers, taxes, 1099

Make Sure to "See us First!"

We love our Facebook followers. We have over 1700 likes, which means we have grown a lot over the past year! It seems like just yesterday we hit 1,000 likes...

Tagged Facebook, LAGERS

GOT ETHICS?

“I think ethics is the most exciting topic in the world to talk about,” said no one ever.


 

I know people who actually cringe when they discover a seminar or conference they will be attending has a session on ethics. Some professions require training in ethics—for example, those of us with a CPA license must obtain a whopping two hours of ethics training per year. (Thank you Enron, Arthur Anderson, etc…)

Tagged Strategy, Goals, secure retirement, Secure, Security, Retirement Security, retirement planning, Retirement, pensions, Members, Getting it Right, Defined Benefit, Defending Pensions, compliance, ethics

When Can I Retire?

When will YOU be able to retire? This is often the first question many of our LAGERS members have for us. Determining when the best time to retire may be for you is a big decision. There are different answers for different types of LAGERS members:

Tagged Financial security, secure retirement, Retirement Security, retirement planning, Retirement Options, Retirement, police, rule of 80, early retirement, retirement age, firefighter, public safety

2018 Legislative Outlook

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With the first couple week of the 2018 Regular Legislative Session under our belt, lawmakers already seem to be settling into a routine in the Capitol halls. So far, it has been a relatively quiet start to session as many carryover bills were quickly referred to committees, and committees are already beginning to hold hearings.

Another Year of Growth for the LAGERS System

Over the past 50 years that LAGERS has been in operation, the system has gradually and consistently increased its number of participating employers. This past year, LAGERS partnered with 20 new employers. These employers range from cities, libraries, fire protection districts, ambulance districts, regional planning commissions and more. Each of these employers was looking for a way to recruit and retain workers by providing secure retirement benefits. Join us in welcoming these employers to the LAGERS family!

5 Retirement Blind Spots Boomers Need to watch for

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Photo by Thomas Hafeneth on Unsplash

 

The Transamerica Center for Retirement Studies recently wrapped up its annual retirement survey that measures employer and worker attitudes towards retirement. The results of this survey provide interesting insight about how three generations participating in the workforce (Millennials, Generation X, and the Baby Boomers) view retirement.

There is no question that the Boomers (those born between 1946 - 1964) are not only transforming retirement, but society as a whole. Transamerica calls this generation the "trailblazers of the new retirement" because they have "re-written societal rules at every stage of their life." There is too much information to unpack the entire Transamerica survey in this blog, so we will focus on the Boomers and some of their retirement blindspots they need to address as they approach retirement.

If you are a Boomer, you will want to keep reading.

Tagged Baby Boomers, Pre-Retirement Seminars, retirement planning

Back By Popular Demand: 5 Common Mistakes You Want to Avoid as You Approach Retirement

 Planning for your retirement is one of the most exciting times in your life. You’ve worked hard allthese years and now it’s your time to sit back and relax! Before you ride off into your sunset, you will want to make sure you avoid some common pre-retiree mistakes that could derail your retirement. I sat down with LAGERS’ Senior Benefit Specialist, Diane Towne, and talked with her about some of these common mistakes LAGERS members encounter as they near retirement.

The Goal is "Better"

Photo by Garrhet Sampson on Unsplash

Goals are important. Every person and organization should set goals so they are constantly seeking to get better. This time of year people are thinking about their goals; some refer to these as New Year's Resolutions. It's a time to reset, recharge and prepare to run head first back into the fire of life.

Tagged Strategy, Goals, Funding, Service, Security

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