And I told her about the tax advantage she was not receiving. She decided to make some changes. Employees' contributions can be pre-taxed during their work years, which means their money won't be taxed until they begin drawing on it after retirement. Rick Boyd says Retirement Services encourages employees approaching retirement to attend one of the retirement seminars or talk with one of the Specialists individually. Retirement Services and TVA University are continuing to offer the Life Stage Retirement Planning Series.
Specialists also are available to meet with special groups.
During individual meetings, Specialists provide estimated retirement benefits and estimated net-pay calculations. Retirement Specialist Rick Boyd Stephens says they also can discuss various survivor options and assist in completing retirement forms. A lot of people think they can retire at a particular date, and when we show them how much they'll get, some find out they can retire sooner, while others realize they can't retire when they thought they could. That's why it's good to have mid-career checks. We've met with some employees three-four times during their career.