For public employees in West Virginia, the state retirement benefits may not be enough to get you through retirement. That’s where a West Virginia Retirement Plus Deferred Compensation Plan comes in.
Each year, during National Retirement Security Week (October 16-22, 2016) public employees are encouraged to take a closer look at their retirement goals, then determine if their current savings strategy will help them achieve those goals.
Taking some time now to plan for your retirement—no matter how close or how far away it may be—can help you get closer to your goal.
If you have been privy to any of our enrollment meetings, we discuss Social Security as a piece of your retirement “pie”.
Retirement takes planning. Like planning a journey, there are many resources and options to help get you there.
Your anticipated retirement date may cross your mind daily as you edge closer to that magic age, but you may not have had a moment with yourself to think about what it is that you are going to do with your time.
When participants first join WV Retirement Plus, they are encouraged to fill out beneficiary information either on the Voya enrollment form or online.
Nearly one-third of workers have almost no retirement savings or investments (< $1,000), and a staggering 57% are underprepared with less than $25,000 for retirement.
WV Retirement Plus has 24 different options that participants can choose from. These options are divided into investment categories and asset classes. We’d like to give a brief description of each of these to better help you understand how your contributions are invested.
Regardless of age or status, each of us should set and follow a budget to help us control our finances for both the short and long term. We should also be allocating money to our savings and retirement funds.