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Human Capital Services

The April Prep-to-Retire workshop has been canceled. Further information regarding a rescheduled date will be communicated soon.

Prep-to-Retire

Are you within 5 years of retirement from K-State? Prep-to-Retire is a two-day workshop to help Kansas State University employees prepare for retirement. Workshop topics include Social Security, Medicare Basics, State Employee Health Plan and more! Retirement vendors will also be available for one-on-one consultations. Scheduled April 1-2, 2020 in the K-State Student Union, this event will help you plan for success in your golden years. 

April 1 

Social Security Retirement
K-State Student Union Flint Hills Room
9:30 a.m. – 10:30 a.m.

Summary:
Social Security retirement, while never meant to be a person's only source of retirement income, can be an important piece of retirement planning. There are basic rules and considerations that are important to be aware of when considering when to start Social Security benefits. Factors to consider can include full retirement age, delaying benefits until age 70, earnings limits if applying before full retirement age, and benefits as a spouse or widow. In addition, it is also important to be familiar with Medicare coverage and health insurance options heading into retirement.

Takeaways:

  • Earnings limits apply if beginning Social Security benefits prior to full retirement age.
  • Full benefits are payable at full retirement age.
  • Delaying benefits until age 70 can increase the monthly benefit amount.

Register to attend this session.

State Employee Health Plan (SEHP) Retiree Coverage
K-State Student Union Flint Hills Room
11:30 a.m. – 12:30 p.m.

Summary:
The State Employee Health Plan (SEHP) offers health insurance to retirees. This coverage may allow you to bridge insurance until you are Medicare-eligible or choose a Medicare supplemental plan. Learn the different options that are available to you so you can make an informed choice at retirement.

Takeaways:

  • Explore your options for when you become Medicare eligible.
  • Learn the steps to enroll and pay for the SEHP Direct Bill coverage.
  • Determine how Direct Bill coverage can supplement Medicare.

Register to attend this session.

 

 

For the following two sessions scheduled for 1:30 p.m., if you are enrolled with both retirement vendors, please choose one session to attend based on your retirement portfolio. 

Paying Yourself: Income Options in Retirement
Presented by TIAA
K-State Student Union Wildcat Chamber
1:30 p.m. – 2:30 p.m.

Summary:
Do you know how you'll pay yourself in retirement? There's a lot to consider, including tax implications. TIAA's workshop leader will provide an overview of different income options and discuss when you may need to withdraw your retirement funds. TIAA's workshop leader will help you understand the basic rules governing most common retirement accounts, gain perspective on when to withdraw different assets, and discover the income choices TIAA offers.

Takeaways:
This session is focused on employees getting ready to retire. Participants will:

  • Explore the different components of expenses in retirement
  • Learn how to simplify their retirement income
  • Learn the basic rules governing retirement accounts
  • Evaluate flexible income choices and when to use different assets in retirement

Register to attend this session.

Plan for Your Retirement Income
Presented by VOYA Financial
K-State Student Union Flint Hills Room
1:30 p.m. – 2:30 p.m.

Summary:
This in-depth seminar will help you understand how to manage your income throughout retirement. Through Voya's myOrangeMoney® educational experience, you'll learn about retirement income sources including your KBOR Retirement Plan, Social Security and Personal Savings, and understand how to potentially close any gaps in your income goals. Some eye-opening facts about retirement expenses, combined with awareness of the different risks that may need to be managed along with professional advice options will give you strategies to make your retirement income last.

Takeaways:

  • Explore income sources in retirement
  • Identify possible income gaps
  • Learn how to get advice and gain knowledge that will assist in your retirement plans

Register to attend this session.

  

Medicare Basics: New to Medicare Workshop
K-State Student Union Wildcat Chamber
3:30 p.m. – 4:30 p.m.

Summary:
Many people don't give Medicare a second thought until they approach 65 and find themselves in the middle of a big decision about their future. It is important to understand requirements, eligibility and benefits when considering your future health care coverage. Demystify the world of Medicare at an informational session with a local expert. Learn the basics of Medicare, including eligibility, how and when to apply, what is covered by the various parts, and how to fill the gaps. Programs available to assist low income individuals will also be discussed. Anyone interested in learning more about the Medicare maze would benefit from the program, particularly those who are nearing age 65 or who help aging parents with insurance and financial matters.

Takeaways:

  • Medicare eligibility, enrollment process and timeline
  • Information for those 65+ and still working, including Health Savings Account rules
  • Coordinating benefits for Medicare and employer/retiree insurance
  • What to consider when comparing drug plans
  • Know where to go for help

Register to attend this session.

 

April 2 

Finding Joy in Retirement: Tips and Tricks for Living Your Best Act Three
K-State Student Union Cottonwood Room
10:00 a.m. – 11:00 a.m.

Summary:
Did you know that Americans are spending more years in retirement than ever before? Although financial considerations are often at the forefront of retirement conversations, other aspects such as relationships, health, and what to do with all of your sudden free time are often overlooked. This session will introduce you to these, and other, often overlooked topics within retirement and provide you with tips and tricks to living your best act three.

Takeaways:
Participants will have a better understanding of

  • how relationships can change during retirement and how to manage these changes
  • how to wisely adapt to your new lifestyle and key aspects you should focus on
  • the importance of advance planning in all aspects of life

Register to attend this session.

Kansas Public Employee Retirement System (KPERS)
K-State Student Union Wildcat Chamber
1:30 p.m. – 2:30 p.m. 

Summary:
Kansas Public Employees Retirement System (KPERS) is offering a pre-retirement information session for KPERS retirement plan members. This session is for individuals who are planning to retire within the next several years and who are looking for general information on preparing for a KPERS retirement.

Takeaways:

  • Choosing a retirement date
  • How to calculate your KPERS benefit
  • Payment options and taxes

Register to attend this session

Basics of Estate Planning
K-State Student Union Wildcat Chamber
3:00 pm. – 4:00 p.m.

Summary:
With the SECURE Act becoming law and retirement on the horizon, now is the perfect time to ensure your estate plan is solid. Often estate planning is thought of in relation to death, but in reality these decisions typically impact you and your family in the later years of retirement as well. Join us to learn the basics of how the SECURE Act impacts you and your heirs, what documents you need in place today, and ways to fulfill your legacy and gifting goals.

Takeaways:

  • How the SECURE Act Impacts your Estate Plan
  • Why a thoughtful Estate Plan is Needed
  • Basic Strategies to fulfill Legacy and Gifting Goals 

Register to attend this session.

Prep-to-Retire, One-on-One Consultations 

To schedule an individual consultation with TIAA, VOYA Financial or KPERS during the Prep-to-Retire event, please register through one of the links below.

TIAA Consultation
April 1-3, 2020

VOYA Financial Consultation
April 1-2, 2020 

KPERS Consultation
April 2, 2020 

Live Your Best