2020 NRECA Retirement Seminar

 

December 9 – 10, 2020

VMDAEC Training Center
1293 Salem Church Road
Palmyra, VA 22963


ATTENTION
Employees & Spouses WITHIN 10 Years of Retirement!

 

The Virginia, Maryland, Delaware Association of Electric Cooperatives is offering its annual NRECA Retirement Planning SeminarThe Retirement Planning Seminar is a two-day comprehensive training session that has been custom-tailored to meet the unique needs of NRECA’s member systems and employees in order to help participants plan effectively for their retirement. Topics include financial, legal, medical, pension and other aspects of retirement. The Retirement Planning Seminar is presented by NRECA’s experienced investment advisors, field services representatives and local Social Security and estate planning professionals. Attendees are encouraged to participate with questions, comments and class exercises.



SEMINAR FOCUS AREAS

NRECA’s retirement benefit plans:

    • Evaluating distribution options from retirement plans
    • Estimating retirement income and expenses
    • Investing before and during retirement
    • Understanding IRAs
    • Health and long-term care costs
    • Social Security benefits
    • Estate planning concepts

FORMAT
The Retirement Planning Seminar is presented by NRECA’s experienced investment advisors, field services representatives and local Social Security and estate planning professionals. Attendees are encouraged to participate with questions, comments and class exercises.

SEMINAR OUTCOMES
Participants will have the ability to:

    • Understand the taxation of retirement benefit withdrawals
    • Estimate future expenses and retirement income needs
    • Calculate additional savings needed to meet retirement goals
    • Anticipate needs for long-term care, health insurance and estate planning
    • Develop a retirement investment strategy
    • Assume control of planning for retirement


Workshop Outline

NRECA RETIREMENT BENEFITS
Retirement Security Plan

    • Explanation of how benefits are calculated
    • Review of available distribution options
    • How retiring early or late affects benefits

401(k) Pension Plan

    • Description of investment options and tax benefits
    • Explanation of distribution options
    • Accessing benefits information

RETIREMENT DISTRIBUTION STRATEGIES

    • Advantages and disadvantages of annuity vs. lump sum payment
    • How various options are taxed and how to minimize taxes and avoid penalties upon withdrawal

HEALTH AND LONG-TERM CARE

    • Overview of health care needs in retirement
    • Aspects of the Medicare program
    • Available supplemental policies

LONG-TERM CARE

    • Types of care
    • How to cover costs
    • What to look for in a long-term care policy

SOCIAL SECURITY

    • Social Security, retirement, disability and survivor benefits
    • How benefits are calculated and how to qualify
    • The effect of early or late retirement on benefits
    • How to file for benefits

INS AND OUTS OF IRAs

    • Overview of rollover IRAs, traditional IRAs and Roth IRAs
    • Eligibility requirements and maximum annual contributions
    • Withdrawing from an IRA before age 59 1/2 without incurring a penalty

CALCULATING RETIREMENT NEEDS

    • Calculating retirement savings needs
    • Adjusting a retirement plan
    • Review of a sample Retirement Planning Worksheet
    • Review of other NRECA retirement planning tools

INVESTMENT PLANNING

    • Financial asset categories
    • Investment styles
    • Identifying investment risks
    • Strategies for managing investment risks now and throughout retirement
    • Review of other NRECA investment products

ESTATE PLANNING

    • Objectives of estate planning
    • Local estate tax laws
    • How estates are taxed
    • Estate planning devices such as wills, trusts and powers of attorney
    • Types of ownership

INVESTMENT SERVICES AND ARRANGEMENTS

    • Explanation of different types of investment arrangements (brokerage accounts, wrap accounts, insurance contracts, annuities, mutual funds)

WORKING WITH FINANCIAL ADVISORS

    • Review of the types of financial advisors, how they are paid and what to ask

The form can be used to register up to three (3) employees and their spouses.
This projection is for your normal retirement date and is for the seminar only.

REGISTRATION WILL OPEN SOON.