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?

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