Have you checked out the retirement calculators that are available on-line? They're either interesting or scary, depending on how close to the happy occasion you are, but they are a thoughtful guide to how you're doing and where you're going.
To look up your plan you'll need to go to the Department of Retirement Systems website, here. If you follow the "Defined Benefit Account Access" link at the top of the page you can get access to the information for your own account; you'll need to register, but it's worth the time. If you'd rather not bother with the on-line calculator you can download one of the "self-estimate worksheets" and follow the directions.
For those of us on TRS 3 with a defined contribution portion to their plan, you'll also need to make a visit to ICMA Retirement, the company that manages all of the plan 3 accounts for the state. Again, you'll need to register if you want to look up your personal information, but if you have a ballpark figure of how much is currently in your account you can use the calculator here to get an estimate of what your monthly payout would be, how much you'll have at retirement, and the other big numbers that are important for planning.
It's also worth noting that the DRS does a great job of presenting workshops around the state to teach us about retirement issues; you can find a list of upcoming workshops here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment