My Retirement Education Center’s Optimizing Social Security Classes allow employers to provide extra benefits to their team, supplementing existing retirement saving benefits with an educational and affordable resource for individuals to better understand retirement income planning. The challenge with Social Security has always been how to get the most out of the benefits available. According to the Social Security administration, 45% of people elect the minimum benefit while only 1 to 2% elect the maximum benefit. And this is further reduced by failure to optimize spousal benefits in income planning. Since Social Security accounts on average for 38% of people’s retirement income, if someone does not optimize their options, it can be a difference of more than $100,000 in cumulative benefits to a couple.
My Retirement Education Center offers four ways to provide education for your employees.
Traditional Class or Online
We provide the same quality instruction in a format that best suits your needs.
The 45 minute to one-hour class provides each participant a concrete analysis of their personal Social Security benefits. This customized report includes:
- An analysis of 100 percent of options available to an individual or couple
- A calculation of the maximum potential benefit
- A breakdown of the differences in electing benefits at age 62, 65 or 70
- A timeline showing the breakeven point with electing the optimal benefit, so the individual or couple can evaluate if they think they will live longer than that based on health history
- The dates to file as well as all of the correct forms
The class does not, however, tell people when to start Social Security. It provides the facts so they can make an educated decision. By using this report, they can plan the rest of their retirement knowing you helped them maximize their Social Security benefits.
You host the class at a location you provide. We will bring the class to you complete with an analysis for each person. Cost is $50 per person with spouses attending for free (five person or couple minimum). Classes outside of the Triangle region of North Carolina may incur additional travel fees if not booked in conjunction with My Retirement Education Center classes already scheduled in your area.
You can pay for your employees to attend our in person or online public classes held each week. They register on our website and the cost is $50 per person with spouses attending for free.
You can either choose to pay for your employees or they can pay for a discounted on demand class that is available 24/7. We provide a direct link for your website to the class and can either collect for the class at time of registration or bill you monthly for employees that take the class.
For employees that want a personal class, we provide these private classes in our office or online at a cost of $150.
Additionally class topics are also available for customized classes for your employees, such as retirement 101 – all ages, how to optimize employer retirement options, close to retirement prep, young professional retirement prep, how to get your money out and more. Please contact us for further details and pricing.
Further Retirement Assistance for Your Employees
The My Retirement Education Center faculty can also work with companies to develop and conduct custom one-hour lunch sessions for those organizations interested in offering employees personal retirement planning classes, such as:
Retirement 101 – all ages
How to optimize employer retirement options
Close to retirement prep
Young professional retirement prep
Maximizing your limited investment choices
Choosing the right allocation
Risk verses reward
How to get your money out
Building your dream
What you need to know before you go