AARP Hawai‘i will present a free workshop on retirement planning at the West Hawai‘i Civic Center in Kona on Saturday, Aug. 26, from 9 a.m. to noon.
The workshop, entitled “Think of Your Future,” will discuss preparations for retirement including health care planning, social security benefits and medicare.
“It takes planning and the earlier you start the better,” said an AARP news release announcing the workshop.
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The workshop will discuss the following topics:
10 Steps to Get Ready for Retirement – Many pre-retirees overlook the rising cost of medical care. According to estimates, the savings needed to cover most health care expenses in retirement, including premiums, is $116,000 for men and $131,000 for women.
Understanding Your Social Security Retiree Benefits – Begin claiming your benefits at age 62 and your monthly check will be 76 percent less than if you wait until age 70. Conversely, some people need the money or fear they won’t live long enough to collect what they paid into the system.
Medicare 101 – You generally have a seven-month window to sign up, starting three months prior to turning 65. Not doing so could trigger late penalties and delay coverage – unless you’re covered beyond 65 by insurance from you or your spouse’s employer.
The workshop will not include individual advice or the promotion of any products or services. Anyone (non-AARP members included) may attend. Register online or call 1 (877) 926-8300.
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West Hawai‘i Civic Center is located at 74-5044 Ane Keohokalole Highway.
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