Pre-Retirement Planning Workshop Series
Whether you’re a long-term employee or just getting started in your career, it’s important to take an active role in planning for a secure retirement. UC offers education and counseling to support you along the way — all available at no cost to you. The UCR Human Resources Benefits Office is sponsoring a Pre-Retirement Planning Webinar Series open to all UCR faculty, staff and retirees to provide information about resources and steps you will need to take in order to plan for your retirement from UC.
Pre-Retirement Planning Virtual Workshops & Resources
Medicare Webinar
Wednesday, January 29, 2025 | 9:00AM TO 10:30AM | Webinar Link
Topics
- When do I enroll
- How does UC retiree health coverage work with Medicare?
- What are the eligibility requirements?
- What are the different parts of Medicare (Parts A, B, C & D)?
- What if I continue working after 65?
- What are the differences between an employee and retiree UC health coverage?
Distribute and post the Medicare Workshop flyer.
Making the Most of Social Security
Wednesday, January 29, 2025 | 12:00pm to 1:00pm | Register Now
Making the Most of Social Security will teach you how Social Security works and things to consider when deciding when and how to claim social security at retirement.
Distribute and post the Making the Most of Social Security flyer
Pathway to Retirement
Wednesday, February 5, 2025 | 9:00 a.m. - 12:00 p.m. | Register Now
The University of California is offering the Pathway to Retirement Virtual Planning Workshop to help employees from UC Riverside plan for financial security and enjoy all that retirement brings. Whether it's months or years away, your pathway to retirement starts here!
Planning Essentials Agenda
- Envisioning your retirement
- Income planning for the long term
- UC Pension and Retirement Savings Program benefits
- Social Security benefits and claiming strategies
- Health coverage for retirees
- Navigating the UC retirement process
- Important resources and next steps
Featured speakers include a retirement counselor from the UC Retirement Administration Service Center who will explain your UC retirement benefits and eligibility rules for retiree health, describe the steps you need to take when you’re ready to retire, and answer your questions.
Fundamentals of Retirement Income Planning
Thursday, February 6, 2025 | 11:00am to 12:00pm | Register Now
The Fundamentals of Retirement Income Planning will show you how to best plan for the retirement you envision by building a retirement income plan. The workshop will review key concepts, considerations and resources for determining when you are ready to retire.
Distribute and post the Fundamentals of Retirement Income Planning flyer.
ROTH IRA Webinar
Wednesday, February 12, 2025 | 11:00am to 12:00pm | Register Now
ROTH CONTRIBUTION OPTION
The University of California has enhanced the UC Retirement Savings Program with a new Roth contribution option for the UC 403(b) and UC 457(b) Plans, giving you more flexibility to save and plan for your future through regular pretax contributions, new Roth contributions, or both.
WHO MIGHT BENEFIT FROM CONTRIBUTIONS?
While Roth contributions are designed for anyone who likes the idea of potentially tax-free retirement income, here are some scenarios to consider:
- Are you a younger saver?
- In general, the younger you are when you start making Roth contributions, the more you may benefit. Why? Because you have a longer time frame for growth and to benefit from the power of compounding.
- Think your income tax rate will be higher in retirement?
- If you think your tax rate will be higher in retirement—either due to higher income or higher overall tax rates—when you take your distributions, consider making Roth contributions.
- Want tax flexibility in retirement? Once you retire, your expenses may vary more year-to-year than they do today.
- Roth dollars can help you cover larger expenses without increasing your taxable income for the year. And, if you have a combination of pretax and Roth contributions, you have flexibility to chose which distribution type to take based on your tax situation.
- Interested in leaving tax-free money to your beneficiaries?
- Roth dollars are potentially free of federal income taxes to beneficiaries of inherited retirement savings. The pros and cons are subtle and complex, however, so consult an attorney or estate planning expert before attempting to use your RSP as part of your estate plan.
- Not eligible to contribute to a Roth?
- While income limits may prevent you from contributing to a Roth, the UC 403(b) and 457(b) Plans don’t carry these income limits. So if you’re not eligible to contribute to a Roth due to income limits, but would like potentially tax-free income in retirement, consider Roth contributions.
Distribute and post the ROTH Webinar Flyer
Internal Retirement Process Webinar
Thursday, February 13, 2025 | 11:00 a.m. - 12:00 p.m. | Webinar Link
The UCR Central, Benefits Office, Emeriti and Retiree Association and Wellness Program Office will be providing a virtual overview of the pre-retirement process for all faculty and staff, including reviewing a checklist of items required to be prepared to retire and membership
benefits of the Emeriti and Retiree Association and Wellness Programs.
Distribute and post the Internal Retirement Planning Workshop flyer.
Retirement Resources
Prudential Life Insurance Conversion Estimator Tool
Prudential offers a life insurance conversion estimator tool on the Prudential microsite for UC members. This helpful tool allows employees who are considering converting their insurance benefit to preview an estimate of the premiums before they decide to convert. To access the life insurance conversion estimator tool, please visit the Prudential Estimate Your Life Insurance Needs website.
Additional Resources
-
Conversion/Probability Life Insurance Rate Information