Extension offers retirement planning workshop

Registration deadline is Aug. 28

Being sure retirement funds will last for a one’s lifetime will be addressed Tuesday evenings Aug. 30 and Sept. 6 in an online workshop from Iowa State University Extension and Outreach. Each session will be held from 6:30-8:30 pm.

“Writing Your Retirement Paycheck” is designed to provide information and resources needed by those approaching retirement within the next 10 years. The workshop outlines key factors to consider prior to retirement and describes strategies for planning one’s income in retirement.

“For most of us,” says Barb Wollan, human sciences specialist, “our paychecks have been determined by someone else all our lives. But in retirement, many of us are responsible for writing our own paychecks. How will we know how big it should be?”

According to Wollan, one of the workshop leaders, topics include inflation, health costs, Social Security, required minimum distributions, income tax, investment withdrawals, and more. “Individuals need to make their own decisions about retirement,” says Wollan, “but clear and non-commercial information is a necessary ingredient for decision-making.” 

Wollan points out that even those who work with a trusted financial professional must ultimately make the decisions themselves. A financial professional can suggest or recommend products and strategies, but it is the consumer who decides and then lives with the results of the decisions.

Pre-registration is required by August 28 at https://go.iastate.edu/XTXNKQ. A fee of $25 per person or per couple for the Writing Your Retirement Paycheck workshop will help to off-set direct expenses and to support the human sciences county Extension program.

Persons who want more information can contact Greene County Extension, 515-386-2138.  With specific questions about workshop content, contact Wollan (bwollan@iastate.edu or 515-832-9597) or Kalyn Cody (kcody@iastate.edu or 623-243-3725).

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