Updated: August 14, 2024
Are you thinking about your retirement? Do you have questions about how it works, and, more importantly, will you have enough money to retire?
In partnership with the NEA Member Benefits (MB) Corporation, HSTA offers financial education and retirement workshops. Our NEA MB vetted Retirement Specialists have been working with HSTA members over the past few years on their retirement needs.
As an HSTA member, you have access to the following:
- Complimentary consultation for retirement planning (Do I have enough to retire? When can I retire?)
- ERS estimates (How much will my pension be?)
- Social Security optimization (When is the best time to take out Social Security?)
- Portfolio reviews (Is my portfolio too aggressive, too conservative, or just right?)
- NEA-endorsed 403(b)s
- Advice on budgeting
Fall 2024 webinars
NEA Member Benefits and NEA Retirement Specialists are inviting you to a Zoom seminar series. Click on the session date to register. All webinars run approximately one hour in length and include time for Q&A following the webinar. You will need to register separately for each you would like to attend. After registering, you will receive a confirmation email containing information about joining the meeting. Note: The RSVP deadline for webinars is four (4) hours prior to the start time of each webinar.
Missed one of our webinars? Don’t worry they are offered repeatedly throughout the year. This post will be updated when new sessions become available. To set up a one-on-one meeting or invite an NEA Retirement Specialist to conduct a workshop for your school, contact NEA Retirement Specialists at (808) 951-7185. Advisers will be available during breaks. If you have any questions about the program, contact your HSTA Member Services Committee chapter representative.
Advanced financial planning
With the new compression pay raise, many teachers could potentially be moving into a higher tax bracket. What are some different options for that pay raise? We will be discussing advanced planning concepts such as Supplemental Leveraged Retirement plans and Hybrid LTC plans.
When: Tuesday, Oct. 15, 4 to 5 p.m.
All about 403(b)s and management
Learn about the impact of compression pay on your tax bracket and advanced planning topics such as tax-free supplemental leveraged retirement plans and hybrid long-term care plans, and questions you should be asking your financial adviser.
When: Thursday, Sept. 12, 4 to 5 p.m.
When: Thursday, Nov. 14, 4 to 5 p.m.
Are you on track to retire?
Geared for members nearing retirement age, we will focus on getting ready for retirement. We will delve into the State of Hawaii ERS pension and Social Security benefits. In addition, we will also be covering retirement projections, various investment vehicles, the importance of the catch-up provision for those over 50 years old, your risk tolerance as you prepare to retire, and long-term care insurance.
When: Tuesday, Sept. 26, 4 to 5:30 p.m.
When: Tuesday, Oct. 10, 12 to 1:30 p.m. (fall break)
When: Tuesday, Nov. 21, 4 to 5:30 p.m.
Additional resources
- What will your retirement look like? Click here for NEA MB’s retirement income calculator. You must log in with a registered NEA MB account to use this tool.
- Our HSTA-Retired Membership Committee also offers a checklist: Nine steps to a happy retirement.
Basic estate planning
The NEA Retirement Specialists partners with the NEA Attorney Referral Program to talk about the basics of estate planning. We will discuss what a will and trust can and can’t do, if you need a trust, the need for powers of attorney and advanced health care directives, and the naming of beneficiaries for your retirement accounts.
When: Wednesday, Oct. 9, 4 to 5 p.m. (fall break)
NEA Member Benefits: Navigating Student Loan Forgiveness
Learn about federal student loan forgiveness eligibility, the latest programs, and how to use the NEA Student Debt Navigation Tool. Get a head start by logging in to www.neamb.com/start and creating your account.
When: Monday, Sept. 9, 4 to 5 p.m.
When: Tuesday, Oct. 8, 12 to 1 p.m.
NOTE: You may see notices from the Hawaiʻi State Department of Education or National Benefit Services (NBS) regarding retirement education. HIDOE contracted NBS to coordinate a retirement education program, and financial companies and advisers pay a fee to NBS to present “NBS-approved” retirement education workshops. These presenters have no connection to HSTA, and are not vetted by the HIDOE or NBS for their ability or skills as financial advisers. Their presentations are for educational purposes only and cannot solicit employees to purchase products.