Retirement program set by Extension Service

“How can I be sure my retirement funds will last my lifetime?”

This important question will be addressed in an Iowa State University Extension and Outreach workshop on Thursdays Feb. 15 and 22, 6-8 p.m. at Hamilton County Extension in Webster City.

Writing Your Retirement Paycheck is designed to provide information needed by those approaching retirement within the next ten years. The workshop outlines key factors to consider prior to retirement and describes two strategies for structuring your retirement income.

“For most of us,” says Barb Wollan, Human Sciences Specialist in family finance, “our paychecks have been determined by someone else all our lives. But in retirement, many of us are responsible to write our own paychecks. How will we know how big it should be?”

According to Wollan, who will lead the workshop, topics include: inflation, health costs, Social Security, required minimum distributions, annuities, and more. “Individuals need to make their own decisions about retirement,” says Wollan, “but clear and non-commercial information is a necessary ingredient for decision-making.”

Wollan points out that even those who work with a trusted financial professional must ultimately make the decisions themselves. A financial professional can suggest or recommend products and strategies, but it is the consumer who decides and then lives with the results of the decisions.

A fee of $25 per person or per couple for the Writing Your Retirement Paycheck workshop will help to off-set direct expenses and to support the Human Sciences County Extension Program. Register by February 13 by contacting Hamilton County Extension at 515-9597 or on-line at March 1 is reserved as a make-up date in case of weather delay.