AARP to Hold Retirement Planning Workshops

AARP Hawai‘i is offering free Think of Your Future workshops in Waimea, Kailua-Kona and Hilo over the next few weeks.

A retirement that enables you to choose how you live as you age requires planning and a lot of thought.

You need to think about when to take Social Security, how to pay for health insurance and how to budget for your living and playing expenses.

In Waimea, the workshop will run from 9 a.m. to noon on Saturday, Feb. 17, 2018, at Tutu’s House, 64-1032 Māmalahoa Highway, #305.

The Kona workshop is scheduled for Saturday, Feb. 24, from 9 a.m. to noon at the Hawaii Ocean Science and Technology Park, Hale Iako Conference Space, 73-970 Makako Bay Drive.

The workshop in Hilo will be held on March 3 from 1 to 4 p.m. at the Hawaii ADRC Training Room, 1055 Kino‘ole St.

No individual advice will be given and no products or services promoted or sold. The workshop is just about helping you plan for retirement and you don’t have to be an AARP member to attend.

The following sessions are included in the workshop:

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 your or your spouse’s employer.

Register online or call 1-877-926-8300 toll free.