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Pre-Retirees: ‘Think of Your Future’ at Free Workshop

April 14, 2017, 10:15 AM HST
* Updated April 14, 10:36 AM
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AARP courtesy photo.

Do more than dream about retirement; start planning for it at a free “Think of Your Future” workshop on Saturday, April 29, from 1 . to 4 p.m. at Tutu’s House in Waimea.

No individual advice will be given and no products or services promoted or sold. The workshop is just about helping Big Island residents plan for retirement—and it’s free. 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 healthcare 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% 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.

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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.

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Tutu’s House is located at 64-1032 Māmalahoa Highway.

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

AARP Volunteer Speaker Ed Hickey will also  speak at public libraries on the Big Island during the Hawai‘i Public Library’s Money Smart Week to promote financial literacy:

  • Friday, April 21, 1 p.m., Na‘alehu Library: Medicare basics
  • Saturday, April 22, 1 p.m., Hilo Library: Social Security retirement and family benefits
  • Monday, April 24, 5 p.m., Honoka‘a Library: Social Security retirement and family benefits
  • Tuesday, April 25, 11 a.m., North Kohala Library: budgeting and saving
  • Tuesday, April 25, 5:30 p.m., Kailua-Kona Library: improving credit and reducing debt
  • Wednesday, April 26, 6 p.m.: Thelma Parker Library, Waimea: improving credit and reducing debt

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