Minnetonka Community Education

The decisions you make today can have an impact on your overall retirement plan. Learn the ins and outs of IRA planning, including how to avoid common mistakes. Topics Include: 7 strategies for IRA Planning 6 rollover options for your retirement plan funds SECURE Act changes to IRA planning The difference between indirect and direct rollovers How to coordinate your IRA planning with your overall retirement, estate, tax and Social Security 3 different options for spousal IRA beneficiaries

Now is the time to start planning for income in retirement. Learn about Social Security and Medicare benefits in this informative class. Social Security Topics Discussed: 5 factors to consider when deciding to apply for benefits When it makes sense to delay benefits and when it does not How to estimate your benefits Innovative strategies for coordinating benefits with your spouse How to minimize taxes on Social Security Benefits How to coordinate Social Security with your other forms of retirement benefits Medicare Topics Discussed: How Medicare enrollment periods work – and what you need to do to avoid late-enrollment penalties How much you can expect to pay in healthcare costs after going onto Medicare How Medicare works with private insurance to provide comprehensive coverage Why most people pay too much for private insurance and how you can avoid excess costs Why you must plan for higher healthcare costs in retirement – including the possibility of needing long-term care

In retirement, your tax rate may vary widely based on timing and order in which you use different sources of money to pay for your living expenses. Apply the tax code in an organized and efficient way to ensure you receive the best return. In this class, you will learn: The critical tax question you must answer BEFORE retirement The surprises that often make retirement more expensive What the Social Security “tax trap” is and how you can avoid it Why tapping assets in the wrong order can trigger higher Medicare premiums Why you need to manage taxes even before you retire The four stages of retirement and important tax actions in each stage, including tricky IRA challenges Mistakes to avoid when it comes to your investment portfolio, health care, and estate

Learn how to transition from work life to retired life in this educational workshop. Whether you plan to stop work all at once or ease into retirement by working part-time, at some point you will need to arrange for multiple sources of income to replace your paycheck. What do you need to think about as you transition from work life to retirement? Where will your income come from? How can you make it last? At this workshop you will learn: Why you need a retirement income plan 6 questions to ask before you retire How to determine how much income you will need in retirement The 4 primary sources of retirement income 4 popular withdrawal strategies and the pros and cons of each How retirement income is taxed 5 tax planning strategies in retirement A retirement income action plan