Don't thank LAGERS. Thank your employer.

Photo by Simon Maage on Unsplash

 

It's always nice to be thanked for a job well done. Everyone needs an "atta boy" once in awhile. And the team at LAGERS is no exception. We love when our members send appreciation our way for protecting their retirement money.

Tagged secure retirement, Security, Value of pensions, Retirement, Retire

Back By Popular Demand: Secure Income Helps Achieve Financial Security in Retirement

 

I recently read an article from the Washington Post which stated, “If you don’t want to run out of money in retirement, follow this rule of thumb.” So, of course I clicked into the article to see what kind of advice they had to give.

Tagged Secure, secure retirement, three legged stool, Financial security

Retiree Spotlight - Dixie Gunnett

Wondering what you'll do in retirement? With LAGERS lifetime benefit, you'll have the foundation to dream big and live a stable, secure retirement. And perhaps have some fun along the way! One of our retirees, Dixie Gunnett, sent us some pictures of what retirement is like for her. She's been retired from Jefferson County Sheriff's Office since September of 2014 and has been busy living out the next chapter of her life her way. Here's her story in her own words, and pictures.

Tagged Retirees, Retirement Security, Secure, secure retirement, Retirement, Retire, women in retirement

Bringing Financial Security and Peace of Mind

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

If Your Employer Provides a Retirement Plan, You're in the Minority

 

A recent article in Forbes, Workplace Retirement Coverage Drops And The System Continues To Fail, by Teresa Ghilarducci, provides some sobering statistics about retirement preparedness for Americans. It is no surprise Americans who have access to a retirement plan at work will be better prepared for retirement than those without a plan. However, according to Ghilarducci, only 40% of workers in the U.S. are covered by a retirement offered by their employer. This is a 4% decrease since 2014 and this number has declined in 14 of the 17 years since 2000.

Tagged congress, secure retirement, three legged stool, Value of pensions, Retirement plans, Public service, Retirement, Retire

What Financial Independence Means to Me

 

 

Tagged pensions, secure retirement, Security, Financial security

There Are Two Paths To Retirement, Find Out Which One You Will Take.

Photo by Jens Lelie on Unsplash

 

There are two paths to retirement, the traditional path and the non-traditional path. The traditional path is the one where you work your entire career and decide to retire to a life of leisure with no plans for a future job of any sort. The non-traditional path is a more of a gentle downward slope rather than a cliff into retirement. It is characterized by continuing some type of paid employment and gradually easing into the life of leisure when you sever ties with all employment for good. Which path will you take? If you're like most Americans, you will take the non-traditional path.

Tagged Finances, Millennials, Planning, Re-employment, secure retirement, Retirement, Retire

The myLAGERS Route to Retirement Planning

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.

Tagged myLAGERS, Planning, secure retirement, Financial security, Retirement plans

LAGERS Funding Level Update

I recently sat down with Bob Wilson, LAGERS Director, to hear about our new funding level and how it matters to our employers and our members.

Tagged Investment Return, Funding, Investments; Return; LAGERS Portfolio, Retirement Security, secure retirement, LAGERS performance, Financial security, stock market, Sound Funding

Did you know LAGERS will come to you?

Our guest blogger Katie Hunze from Jefferson County explains what is involved in a LAGERS on-site Pre-Retirement Seminar and how they can help employees understand their benefit.

Jefferson County hosted its first Pre-Retirement Seminar in April; open to all our employees. We were pleased to have 95 employees for our first attempt. Our vision is to ensure that whether retirement is five years or twenty-five years away, all employees should have a solid understanding of what they’re working towards every single day. We appreciate and value all of our public servants and want them to be able to enjoy the retirement that they have worked so hard for! Retirement benefits are covered during our new hire orientation but that can be somewhat overwhelming and this seminar allowed us to focus on the specific topic of retirement.

Tagged Pre-Retirement Seminars, Retirement Benefits, Retirement Security, secure retirement, Retirement, Retire, Local Government

Contact LAGERS

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