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One of the most important spending factors to take into account when planning for retirement is the cost of healthcare, including the cost of health insurance. Most people are generally aware that their employer picks up a large portion of their health insurance premium costs, but it's not until you stop working and that goes … Continue reading Medicare and PERACare Premium Changes for 2022
There's been increased interest in I Bonds lately, due to a combination of low interest rates on savings and CDs and a recent increase in inflation. Physician on Fire has an excellent article on the ins-and-outs of I Bonds, including great step-by-step instructions on how to purchase them. Since he's done such a nice job, … Continue reading I Bonds: A Safe Short-Term Investment with Some Yield
Each year at about this time the IRS announces various changes to the upcoming tax year, which are based on formulas that typically revolve around inflation. To be clear, these are not changes to tax policy, Congress passes those, and there are certainly many of them in the Build Back Better Act that may end … Continue reading Some 2022 Tax Changes
I was asked to give a presentation to the high school I used to work at regarding some things to be thinking about as you near retirement with a benefit from Colorado PERA. It was a virtual presentation, and given during their lunch time, so it was rather hurried but I hope it was useful … Continue reading Colorado PERA Retirement Considerations Presentation
On December 3, 2021, the recordkeeper for PERA's 401k, 457 and DC plans will change from Voya to Empower. This is a result of a request for proposals and PERA staff and the Board looking at the submissions. Your investing choices will remain the same, you'll simply login to Empower's website which should hopefully provide … Continue reading PERAPlus 401k/457/DC: New Recordkeeper, Same Fees (almost)
Most Colorado educators are generally aware of the formula that calculates their PERA pension benefit: Years of Service Credit x 2.5% x Highest Average Salary (HAS) They also are generally aware of which HAS Table they use so they know when they qualify for a "full" retirement (non-green-shaded areas of your HAS Table). If you … Continue reading Colorado PERA Retirement Options 1, 2 and 3
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