Most Wisconsin public school employees will need more than Social Security and their pension in retirement—the rest is up to you. WEA Member Benefits’ nationally-recognized 403(b) retirement savings program can help you meet your personal savings goals. It also provides tax-advantaged savings options for public school employees. The 403(b) is similar to the 401(k) in the private sector.
We also offer Individual Retirement Account (IRA) options as another great way to save for retirement. Both Roth and Traditional IRAs are available. Plus, your family members (spouse, children, parents, and parents-in-law) are also eligible for our IRA program.
Chart illustrates sources of income for most Wisconsin public school employees. *The percentage of salary replaced is tied to how many years one works in state service. The 33%-45% figure assumes 25-33 years of WRS service and depends on individual circumstances.
Insure what matters to you
Many people don't realize that the coverage that personal insurance provides is a very important part of your financial health. You work hard for what you have, so protect it with someone you can trust like Member Benefits. Our discount programs and payment options make managing costs and budgets easy.
Explore our insurance products to cover your home, auto, and much more.
Get a plan for your future by making a financial planning appointment with one of our financial advisors. Whether your wondering if your investments are still aligned with your financial goals, wanting to determine whether you're on track to retire, or determining your readiness for retirement, we can help you a game plan for making important retirement decisions.
For over 45 years, WEAC members have enjoyed the quality financial programs offered by Member Benefits—programs made available by their union.
WEAC created programs such as our nationally recognized 403(b) and personal insurance programs to give members a quality alternative to for-profit providers of financial services.
While eligibility for these programs is generally extended to all Wisconsin public school employees, WEAC members receive preferred pricing as an added value to their membership. Plus, family members may be eligible for most programs.
Wisconsin public school employees approaching retirement typically have questions about what they need to do to prepare. This information is appropriate for those within 10+ years of retirement and will provide:
An overview of the sources of retirement income available to public school employees, including the Wisconsin Retirement System, Social Security, and personal savings.
Information on how to determine your retirement income needs.
An understanding of common roadblocks to successful retirement planning.
A pre-retirement checklist of important things to consider.
Tools and solutions for achieving retirement goals.
Having a budget is a key component of any financial plan. You can’t have a plan without a clear understanding of what money is coming in, what is going out, and where it is going. Developing a budget can empower you to take control of your finances. We discuss:
The benefits of a written budget and how to create one.
How to evaluate your income and read your pay stub.
How to categorize and reduce your expenses.
How to avoid common financial mistakes.
The importance of paying yourself first and how it can improve your financial future.
The value of employee benefits and how to use them.
Tips for managing debt.
How saving for the future is possible—and necessary.
Women are at a much higher risk of facing financial uncertainty in retirement and retiring with considerably less savings than men. This presentation will help you to understand the common financial hurdles women face and tips and resources to help you prepare to meet those challenges head on.
Obstacles that women face in saving for retirement.
Strategies and ways to overcome those obstacles.
Tips and Guidance to help you become more financially secure.
This comprehensive session is recommended for employees within 5-10 years of retirement and covers the different retirement planning solutions available and the implications of the decisions employees make as they approach retirement. The session covers:
The sources of retirement income available to public school employees including the Wisconsin Retirement System (WRS), Social Security, and personal savings.
The various annuity options available from the Wisconsin Retirement System.
Retirement timeline (including eligibility dates and requirements for WRS withdrawals, health insurance, etc.
Personal savings withdrawal issues and tax implications.
Common roadblocks to successful retirement planning.
A pre-retirement checklist of important things to consider.
Tools and solutions to help employees reach their retirement goals.
This seminar is designed to teach employees of all ages the basics of investing and retirement planning. In this session we provide information about how to achieve long-term financial goals. You will also:
Determine your retirement income needs.
Learn what retirement income sources are available to you.
Learn the importance of reducing product fees and tips about how to make your money work harder for you.
Learn about the advantages of different savings options (Roth IRA, Traditional IRA, TSA, or 403(b), and deferred compensation.
Learn how to properly diversify your investment dollars.
Learning the basics of investing is the first step to building an investment strategy. Many never get past this first step because they don’t have the time or are afraid it’s too complicated. If this describes you, this is your chance. Whether you are just starting out or have been investing and want to know more, this one-hour seminar will be a good investment of your time. You will learn:
About the different asset classes and the role each plays in an investment portfolio.
How history lessons can help you with long-term investment strategies.
The Conversation Every Family Should Have: Long-Term Care Options From a Healthcare Perspective
Experts say 70% of those who reach age 65 will need some type of long-term care (LTC) during their lifetimes. Long-term care insurance may minimize the impact of any LTC expenses you may incur in retirement.
Join Eileen Dunn as she discusses options for elder care, the role state and Federal programs play in LTC, and types of LTC insurance available.
Eileen is an expert in geriatric and elder care and helps families determine the best options available for their loved ones. She has degrees in Social Work and Health Services Administration, is certified through the National Academy of Certified Care Managers, and is a member of the National Association of Professional Geriatric Care Managers.
Program administered by Associates of Clifton Park. Long-term care (LTC) insurance products are underwritten by multiple LTC insurers.