Retiree Central

Welcome

Welcome to the retirement page. This is where you come to find out what's going on with LACAAEA's retirement branch. Our chairperson is Yvonne Miller and her co-chair is Nolan Miller.

ASK A RETIREE

ASK A RETIREE ... (NOTE: You, our members, have asked questions about our journey to retirement. We hope you continue to ask us questions and the Retiree Advisory Panel will do our best to answer your concerns with insight and encouragement.

Q: What is the best advise you received about saving for retirement?
A: Treat every pay raise as if it never happened. If your raise is $50.00 after taxes, why not use it to add to your 401K and/or your 457 savings plan? The County matches your contribution to these plans up to 4 percent of your salary. This means that your $50.00 raise (after taxes) can jump to an additional $50.00 for a total of $100.00. If you don't want to commit your entire raise to saving for retirement, why not half? The County will still match that half contribution, up to 4 percent. The County's match is free money, but you must contribute first. If you don't contribute, there is nothing for the County to match.

DID YOU KNOW?

· Last year, over 11 million U.S. adults became victims of identity fraud.

· Many people do not know they are a victim of identity theft until they get a call from a collection agency.

· Checking credit card statements is not enough - thieves can steal your identity to open accounts you do not even know about.

Provided by: AAA

Suze Orman, noted financial adviser and motivational speaker, says that in light of the recent security breaches consumers should not shop with a debit or credit card that is connected to their primary account. You may even open an account with another financial institution. Put the money that you expect or designate to spend in that account so that if someone does manage to fraudulently access your account they will be limited to only the money in that account.

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