Pre-Retirement Webinar Series

Advance planning for retirement can help to ensure a positive retirement experience. Human Resources hosted presentations during the Spring 2023 Semester on topics of interest to those employees starting to think about retiring.

These presentations provided information and resources to help answer some of the questions surrounding planning for retirement, such as:

  • What are my health care options when I retire?
  • What does Medicare cover and when should I enroll?
  • When should I start taking Social Security?
  • How can I make the most of my retirement savings?
  • When should I start taking my retirement income? What are my withdrawal options?
  • What kinds of social and emotional adjustments are involved in retiring?

The following webinars were offered on selected days in Spring 2023. If you were unable to attend the webinars, you can find recordings and resources below.

  • Professor Larry Kotlikoff: Using the MaxiFi Financial Planning Tool to Plan Your Retirement
  • Fidelity Investments: The Basics of Social Security and Turn Your Savings into Retirement Income. The Spring 2023 session was not recorded.
  • Blue Cross Blue Shield: Medicare and Medicare Supplements
  • Faculty Staff Assistance Office: Psychological Readiness for Retirement – Are You Prepared?
  • Willis Towers Watson: Using My FiTage Tool

    Using the MaxiFi Financial Planning Tool to Plan Your Retirement

    MaxiFi is a full, lifetime financial planning tool that determines how much to spend and save each year as well as how much life insurance to hold each year to ensure your family has the most stable possible living standard without putting you into debt. MaxiFi Standard also robo-optimizes your plan. It suggests Social Security benefit collection, retirement account benefit withdrawal, and retirement account annuitization strategies to maximize your lifetime spending.

    Developed by Laurence Kotlikoff, Professor of Economics at Boston University, MaxiFi software is available free to BU employees. Professor Kotlikoff will demonstrate the software and how it can help you with planning your retirement.

    If you were unable to attend the presentation this spring, you can watch the full session here.

    Planning for Medicare

    A presentation and discussion by Blue Cross Blue Shield of Massachusetts to help you understand the following topics:

    • Medicare Parts A and B
    • Medicare enrollment timeline
    • Medigap plans that supplement Medicare coverage
    • Medicare Advantage plans, such as HMOs and PPOs
    • Medicare Part D prescription drug plans

    If you were unable to attend the presentation this spring, you can view the slides  here.

    Psychological Readiness for Retirement:  Are You Prepared?

    Beyond finances, what are the important issues to think about in deciding when to retire?  What kinds of social and emotional adjustments are involved in retiring?  What has research shown are the most significant determinants of satisfaction in retirement?  What steps can I take now to prepare for a successful transition to this next stage of life?  Join an interactive discussion about these and other questions with the Director of BU’s Faculty & Staff Assistance Office, Karen Brouhard, LICSW.

    If you were unable to attend the presentation this spring, you can watch the full session here

    To view FSAO’s Retirement Resources and Reference Page, click here.

      Using My Total Rewards & my FiTage Tools

      Boston University faculty and staff who are regular employees and work at least 50% of a full-time schedule have access to the Boston University Total Rewards Portal?  This online statement provides you with personalized information on your total compensation and benefits so you may learn more about your Total Rewards package from the University all in one place.

      In addition, your Total Rewards statement includes access to the retirement readiness tool called myFiTage.  This tool utilizes your personal data, financial and lifestyle goals, and savings behavior to determine the age at which your resources are expected to cover your expenses in retirement, called your Financial Independence Target Age, or in short, your FiT Age! Join us to learn more about the Total Rewards Portal and how to use the myFiTage tool to determine your own personal FiT Age!

      If you were unable to attend the presentation this spring , you can watch the full session here.