AARP to Host Retirement Workshop in Pā‘iaAugust 10, 2017, 3:52 PM HST · Updated August 10, 3:54 PM Nikki Schenfeld · 1 Comment
AARP Hawai‘i is holding a free “Think of Your Future” workshop at the Kaunoa Senior Center in Pā‘ia on Saturday, Aug. 19, from 9 a.m. to noon.
The workshop will help attendees plan for retirement by giving advice on when to take social security, how to pay for health insurance, and how much you can spend on living expenses.
All Maui residents are invited to attend, even if they are not an AARP member.
The following sessions are included in the workshop:
10 Steps to Get Ready for Retirement – Some 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 AARP says 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.
Medicare 101 – Generally there is 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 for the workshop here or call toll free 1-877-926-8300.
The Kaunoa Senior Center is located at 401 Alakapa Place, the workshop will be held in rooms 101 and 102.