WISER Pension Checklist
What women need to know
- Have you earned a pension(s)?
- Do you know how much your pension(s) will be?
- Do you know what happens to your pension if you change jobs?
- Do you know what happens to your pension if you retire early?
- Do you have pension information from all of your jobs?
- Do you know how much your Social Security benefit will be?
What women need to ask themselves
- Have you diversified your investments?
- Do you know what the value of your investments is expected to be at retirement?
- Have you planned how you will manage payouts from an employee savings plan, such as a 401 (k) plan?
- Have you provided for ways to protect your assets, such as through life, disability income or long-term care insurance or by purchasing an annuity?
What information women need to ask their spouses
- Have you earned a pension(s)?
- Do you know how much the pension will be upon retirement?
- Will we receive a benefit in the event that you become disabled or die?
- Do you know how much that benefit will be?
- Will I receive a benefit if you die before me? If so, what amount?
- When are you entitled to retire and receive a full or partial pension benefit?
- Do you know whom we can talk to at work about this?
- When should we discuss our overall retirement strategy to plan for our future?
- Does your job allow you to save through a tax deferred savings plan such as a 401(k) plan or a 403 (b) account?
- Do you have an Individual Retirement Account? Am I the beneficiary?
What women need to ask their employers
- Does the company offer a pension plan? A savings plan?
- Am I eligible for the pension plan?
- Is the pension plan integrated with my Social Security benefit?
- How long does it take to earn a legal right to the pension?
- Do we have a tax deferred savings plan such as a 401(k) or a 403(b)? Does it offer employer matching contributions?
- What will the present day value of my pension if I consider changing jobs today?
