As many of you know, we have had to cancel all of LAGERS in-person events from now until May 8th due to the Coronavirus (COVID-19). It was certainly not an easy decision to cancel these events that you, our members, rely on to learn more about your retirement plan. However, we still want to offer you the educational opportunities you need to further understand your LAGERS benefit. So, here are few of the online learning opportunities available to you.
Did you know that your LAGERS benefit isn’t just retirement benefits? If something were to happen to you while you are working there are also disability and survivor benefits available for active workers. These benefits are already included in the benefits provided by your employer and are automatic.
As we begin a new decade, it might be a good time to think about your financial goals for the next 10 years or more. When saving for retirement, our approach must be a long term approach so we can properly invest the money and generate additional funds through investment in the market. For some of us, retirement may be coming in the next decade and others retirement may be more than a decade away. Either way saving for retirement is important no matter where you are in your savings journey.
Are you uneasy about how your LAGERS benefit works, how much you will get from LAGERS or whether or not your spouse will receive any income after you pass away? Maybe you don’t know anything about your LAGERS benefit and want to learn as much as you can in a short amount of time. Or, you want to learn more about your options for working after drawing a benefit, the cost of living adjustments, the Value of Your benefit or the taxation of your benefit. Each of these topics and more are discussed in-depth at a LAGERS Pre-Retirement Seminar.
Traditionally, Black Friday is the beginning of the holiday shopping season. There are a number of steep discounts retail stores offer you and any savvy shopper would tell you are too good to pass up. Of course, it makes sense that you should try to spend less money on the same product you would have bought anyway. The same way it makes sense if you wanted to save the same amount of money in total by the time you retire, you want to pay less for it to accomplish your goal. Well, it’s possible if you begin saving at the right times.
Many people my age (mid 30s) can’t fathom what it’s going to be like in 30 years when we reach retirement. It’s a hard concept for us to understand because it is so far away from now. For some, you’re on the doorstep of retirement and others may be like me. Either way, we all need to understand the financial value LAGERS brings to our ability to achieve financial security in the future.
Update: When this article was originally published Spike's name was listed incorrectly in parts of the post. This has been corrected, and the updated article is below. LAGERS apologizes for this error.
As former active members, many of you worked in positions that made our communities safer, cleaner and stronger. These roles were vital to ensure we have vibrant communities. Spike Huff was no different than many of you. He began his career as a road deputy sheriff for Franklin County and eventually transitioned into being a civil deputy and a bailiff in the county court house.
However, Spike’s second (or possible first) passion in life is music. Here’s what he had to say about his passion for music: