Overview
Enjoy these brief videos outlining important topics related to your retirement preparation. They are fun, educational, engaging and packed with lots of tips to assist you in taking the next steps today.
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Pete the Planner provides steps to help you better prepare as you near retirement.
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Pete the Planner answers Carrie's question on how to balance multiple financial goals, such as saving for college and preparing for retirement.
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Pete illustrates how retirement plan loans affect your retirement goals.
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Justine asks Pete the Planner how to use her freed up cash flow to prepare for retirement.
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Pete the Planner explains what a in-service withdrawal is and what to consider before performing one.
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Pete the Planner discusses David's concerns with how to invest in his retirement plan when he has limited financial resources.
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Darren asks Pete the Planner what he should consider before taking a loan from his retirement plan for a downpayment to buy a house.
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Pete discusses how matching contributions can help you prepare for retirement.
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Pete the Planner answers Anna's question on if she should take a pre-retirement loan to purchase a car.
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Pete discusses four concepts to consider as you prepare for retirement.
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Pete illustrates the retirement income streams available and how your employer-sponsored retirement plan fits into your retirement preparation.
Overview
These interactive calculators will help you take an active role in your learning and will assist you in developing a proactive plan to achieve your goals.
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Learn about additional opportunities to save for retirement.
This calculator contains content that is best viewed in landscape orientation. We suggest rotating your device so it is longer than it is tall.
Opportunities to increase elective deferrals to a 403(b) plan
This catch-up contribution lets you voluntarily choose (or elect) to have more of your pre-tax dollars deposited into a 403(b) account (above and beyond the annual limit of $19,500 in 2020). As a result, your total elective deferral limit could increase to $22,500 for 2020.
Do you qualify?
To qualify, you must:
- Participate in a 403(b) plan that allows 15-year catch-up contributions
- Work for a qualified employer, including:
- Educational organizations (public or private schools)
- Hospitals
- Home health service agencies
- Health and welfare service agencies
- Churches
- Conventions or associations of churches
- Complete 15 or more years of service for that qualified employer. To learn more about calculating years of service, see IRS Publication 571.
Determine your 403(b) 15-year catch-up value
Results
The maximum 15-year catch-up has been met
You are not eligible for further contributions.
| Maximum amount of 15-year catch-up for current year |
$ |
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Your risk tolerance affects how you allocate your retirement assets.
This calculator contains content that is best viewed in landscape orientation. We suggest rotating your device so it is longer than it is tall.
What type of investor are you?
As an investor, you want to find a balance between financial stability and potential asset growth — a balance that makes you comfortable with how you allocate your assets. Most investors fall into one of five types, depending on how much they value stability over growth. Get a feel for your financial risk tolerance when you answer these questions.
What type of investor are you?
Your answers indicate that a retirement portfolio similar to this may suit your investment type.
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Waiting to begin saving for retirement can have a huge impact.
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This calculator can be used regularly to confirm that your retirement strategy is aligned with your retirement goals.
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Saving a small amount now can make a big difference later.
Overview
These podcasts from Pete the Planner go into a bit more detail on the relevant topics related to retirement preparation. Listen to them online now or download them to listen to later. Make today the day you take action to make a difference for your tomorrow.
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In this episode, Pete the Planner focuses on preparing for retirement no matter what stage you are at in life.
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In this episode Pete discusses the stages of retirement preparation.
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In this episode Pete reviews the options for what to do with an old retirement account when you change jobs.
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Overview
All the guides and articles here are jam-packed with ideas on the nuts and bolts of retirement planning as well as topics that are relevant to your life planning. Take the time to read these short topical articles, and then take the next steps to achieve your goals.
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Retirement plan contributions are tax deferred, so they don’t impact your take-home pay as much as you’d think!
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Take time to think about these four things before taking a retirement plan loan.
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Invest more toward your retirement goals by practicing three basic money management techniques.
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Your ability to confidently retire at a specific age requires planning throughout your working years. An annual retirement plan checkup will show where you stand now and help you zero in on any adjustments you may need to make.
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Combining your retirement accounts into one can help streamline your preparation efforts.
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Pete the Planner’s guide can help if you have gotten off to a late start with retirement preparation.
