Retirement Sense

... Making Informed Decisions

Are you thinking about retirement? To have a fulfilling and secure retirement, you need to plan now. Your satisfaction in retirement depends on understanding your values and getting your finances in order. These webinars will help you understand how your current lifestyle, retirement dreams, savings, and investment decisions influence a successful retirement.

Presented by the MIT Center for WorkLife and WellBeing

Making Informed Retirement Planning Decisions (A Two-Part Webinar Series)

Thursday, March 18, 2021 - 12:00pm to Thursday, April 29, 2021 - 1:30pm

Presenters:

Steve Dimitriou, A.I.F., Q.P.F.C.; Managing Partner, Mayflower Advisors

Ken Davies, E.A., C.E.B.S., B.S.; Retirement Programs Manager, MIT

Are you beginning to think about when to retire but uncertain of how to make sure you are ready financially? This two-part webinar series, designed for those considering reitrement within the next 10 years, will help you be more informed and proactive about retirement planning.

Please Note:

  • Participants must attend both sessions in order to take part in the program, and will be asked to complete a few short personal assignments in between sessions. Please ensure that you are willing to make this commitment before registering as space is limited.
  • Spouses and partners are welcome to join you for these sessions.
  • We recommend that you supplement your learnings from this webinar with a free one-hour consultation with MIT’s Retirement team. Registration details will be provided during Part One: When Can I Afford to Retire?

Part One: When Can I Afford to Retire? (Thursday, March 18, 2021 from 12:00 PM - 1:30 PM)

This workshop will help you learn how to estimate your retirement income and costs to plan for a healthy financial future. We will focus on Social Security and Medicare rules, MIT’s retirement plans, and the tax implications of retirement savings. We will also discuss how your day-to-day spending patterns in retirement might differ from how you spend currently. At the end of this webinar, you should be able to create a basic retirement budget of monthly income and expenses, and create a financial picture of your retirement and your path to getting there. Homework will include personal research into your own current retirement savings and budget in retirement.

Part Two: Will It All Add Up? (Thursday, April 29, 2021 from 12:00 PM - 1:30 PM)

This workshop will help you understand the impact of your current lifestyle, savings, and investment decisions on realizing your retirement goals. You will learn how the choices you make—or don’t make—about managing investment risk can impact the timing of your retirement and your retirement lifestyle. We will also discuss:

  • Asset allocation and diversification in investment
  • How to create a stable income stream
  • How and why you need to keep your household budget in retirement flexible
  • Estate planning—what it is and why it’s important
  • Types of insurance you may need in retirement
  • How your current and future insurance needs may differ

Estate Planning Basics

Thursday, April 1, 2021 - 12:00pm to 1:30pm

Presenter: Patricia C. D’Agostino, J.D.; Partner, Margolis & Bloom, LLP

This webinar will provide an overview of the essential estate-planning documents that everyone should have. It will include a discussion of:

  • Appointing trusted individuals to make your medical and financial decisions if you are unable
  • How and why to avoid probate court, which involves delays in decisions and financial distributions
  • How to minimize Massachusetts and federal estate taxes
  • Tips for protecting and preserving your assets for future generations and disabled beneficiaries
  • Eligibility guidelines for Massachusetts Medicaid long-term care coverage

Optimizing Your Social Security Benefit

Tuesday, April 20, 2021 - 12:00pm to 1:30pm

Presenters: Francine Kollias, B.A.; Social Security Consultant and Educator

Considering retirement, but not quite sure how to maximize the government benefits available to you? This session will help. Come learn the ins-and-outs of Social Security and Medicare benefits and enrollment, including:

  • Common Social Security myths
  • Qualification guidelines for Retirement, Survivor, and Disability benefits
  • Medicare basics and enrollment requirements
  • Filing procedures and timeframes around applying for benefits
  • Helpful online services provided by the Social Security Administration