Thinking About Retirement?

Preparing for retirement is a big step—and planning ahead can make the transition easier. Whether you're already thinking about your retirement date or just starting to explore your options, the information below can help you get started.

What to Consider Before You Retire

As you prepare for retirement, be sure to:

• Determine your retirement date and discuss your plans with your manager.
• Review your benefits and understand what happens to your coverage when you retire.
• Review your 401(k) and understand your retirement savings and distribution options.
• Understand your health coverage options after retirement, including COBRA and Medicare.
• If you are approaching age 65, review Medicare enrollment requirements and timelines, even if you are not planning to retire immediately.
• If you participate in a Health Savings Account (HSA), understand how Medicare enrollment may affect your eligibility to contribute.
• Check your eligibility for the service-based payout and review the details in the Retirement Guide.
• Review your PTO balance and understand what to expect with your final paycheck.

401(k) & Retirement Savings

Your 401(k) is an important part of your retirement planning. Before you retire, take time to review your account and understand your options.

Empower can help you learn more about your account, investment options, and what to consider when deciding what to do with your retirement savings when you leave the company.

Empower Retirement Learning Center