We may not know exactly what happens to us when we die, but one thing is for sure: we can be certain who will receive our money once we're gone.
International Women's Day was last week, and what better way to celebrate then to speak to a woman who's been breaking the mold of what we're told should be "a woman's job" all her life.Meet our new Board member, Sandy Walker, in her own words.
Recently, a member emailed the following question to our infobox: "What are my payout options as it relates to my retirement fund? For example . . . if I needed car repairs, could I pull some out for that?" My immediate thought was to respond with a solid "NO," but then I started thinking about situations which allow a member to receive their own contributions before reaching normal retirement age.
A member recently emailed the following: "I downloaded the Application for Retirement. I will fill it out and send it in, but is there anything else I need to do at this time?"
Luckily, the process for retirement at LAGERS is simple. The member is right in that the first step is to submit the Application for Retirement 30 -90 days prior to when you want to receive your first benefit payment. You can apply online through your myLAGERS account or submit a paper application via mail, email or fax.
Boss's Day was October 16th, and I must confess, in the past I looked forward to this day as much as I looked forward to going to the dentist. Not necessarily a day I celebrate. However, that has changed. I am excited and happy to say even though Boss's Day was officially the 16th, we are celebrating today, the 18th at LAGERS. We had our annual office chili cook-off and celebration of our bosses today. I've definitely canceled my dentist appointment; I want to celebrate now.
What is myLAGERS, and why do I need a myLAGERS account?
I recently spoke with a former colleague who told me she was not even 30 years old yet and she has absolutely no interest in talking about or thinking about retirement or planning for her financial future. She did know when she would be vested in her current pension, but she had no idea how a pension works and couldn't tell me anything about her specific employer's plan. "I'll worry about that in a few years." Bottom line, she sounded exactly like me when I was her age, and my current-age self would love to have a "welcome to reality" talk with my younger self. Unfortunately, I was not convincing enough to make my former colleague take action to support her financial future, but she is now, at least, THINKING about it.