LAGERS provides you with a piece of financial security through secure income when you leave the workforce. However, LAGERS is not designed to be your only source of income when you are no longer working. Instead, it is designed to be one secure source. Some keys to achieving financial independence is your ability to accumulate savings and minimize debt. So, here are a few articles I found that do a good job of explaining the need for savings,
Tagged retirement planning, Savings, Value of pensions
When we think about financial planning, we usually think about money, right? Of course money plays a big part in your financial planning, but we also need to consider what lifestyle we are going to live and how long are we going to need income. In other words, are you going to live an expensive lifestyle; and how long are you going to live?
Tagged Financial, retirement planning, Savings, secure retirement, Financial security, income replacement
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.
Tagged myLAGERS, Payout Options, Retirement Options, retirement planning, Retirement Application, apply for retirement, Retirement, Retire
Next week Wednesday, October 17th at noon, I am hosting our second Facebook Live. If you missed our last Facebook Live – Click Here.
Tagged Payout Options, retirement planning, Retirement Application, Retirement Process, Facebook Live
When you think about your LAGERS benefit, probably the first words that come to mind are ‘retirement benefit.’ After all, Retirement System is in our name. But don’t forget that there is more to your benefit than the name may suggest; LAGERS also provides our members with disability and survivor’s benefits.
Don’t think your employer elected these benefits? Think again. Every LAGERS member is automatically covered by both disability and survivor’s benefits. Here’s what you need to know about this important benefit:
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 download, complete, and return the Application for Retirement 30 -90 days prior to when you want to receive your first benefit payment. However, you should be aware you can apply online through your myLAGERS account. You do not have to use a paper form or standard mail.
Tagged myLAGERS, Payout Options, Retirement Options, retirement planning, Retirement Application, apply for retirement, Retirement, Retire
“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 compliance, Defending Pensions, Defined Benefit, Getting it Right, Members, pensions, Retirement, retirement planning, Retirement Security, Secure, secure retirement, Security, Strategy, Goals, ethics
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 firefighter, police, Retirement, retirement age, Retirement Options, retirement planning, Retirement Security, secure retirement, Financial security, rule of 80, early retirement, public safety
