Issue 7, 2025
 | Reader Question I’m retiring soon. Can I just leave the money in my account until I decide what I might need? Congratulations on your upcoming retirement and your years of public service. The short answer to your question is, yes. You can leave the money in your deferred compensation plan indefinitely. In fact, many retirees leave their funds with the plan for years. To make sure your funds make a difference in your retirement, consider two steps: 1. Review the free Managing Your Retirement Income on-demand webinar series. [login required] Watch one, two, or all four mini webinars to build your complete retirement income plan. 2. Make a no-charge counseling appointment. If you’re not sure who your plan counselors are, use the Ask a Question feature, and we’ll help connect you. You’re not alone If you’re feeling uncertain, you’re not alone. National research shows many retirees are hesitant or uncomfortable deciding how to draw down their savings. And, in a 2024 study of Alameda County retirees, more than 70% report they have not tapped their retirement savings for monthly living expenses. Informal plans for these funds include: – Use it for unknown future expenses: 31% – Other uses, or no plans: 24% – Leave it to family or loved ones: 23% – Use it for emergencies: 21% Moving into retirement is a great time to consider your options regarding your savings. Motivational speaker Zig Ziglar once said, “If you aim at nothing, you’ll hit it every time.” This can be true of your retirement savings. If you plan for it, you can make the difference you want for you and those you love. Take aim now: ► Already registered? Login and watch the Managing Retirement Income webinars here. ► Not registered yet? See your email newsletter, or the Register button above, to learn how to get started. |
 | Dementia & Personal Finances A 5-minute mini-webinar No one likes to think of that time when they’ll have to ask for help. Yet, many of us face that prospect in the future, either as the helper or one needing help. Columbia University researchers found nearly one in 10 older Americans has dementia, including 35% of those in their 90s. Those suffering from dementia may be totally unaware of it. They may recognize that they often misplace their car keys or forget a name. But fail to notice other symptoms, including those affecting their finances. And, due to fear or embarrassment, they may try to hide their struggles. How do I know if a loved one needs help? The National Institute on Aging reports that money problems may be one of the first noticeable signs of dementia. To learn more, check out this on-demand mini-webinar, Dementia, Your Parents and You. Watch the mini webinar now. ► Already registered? Login and watch the 5-minute mini webinar ► Not registered yet? See your email newsletter, or the Register button above, to learn how to get started. |