Getting ready for retirement is a journey that involves more than financial security alone. It’s about seeing the full picture — understanding your options, taking thoughtful steps and feeling more at ease as you prepare for this next phase of your life.
Social Security
The age when full benefits begin ranges from 65 to 67, depending on your date of birth. But you can receive reduced benefits as early as age 62 or delay benefits after age 67. Learn more.
Medicare
Medicare begins at age 65 (or earlier for certain disabled individuals). If you plan to retire before you are eligible for Medicare, you'll need to consider other medical coverage options such as COBRA or the Long Service Plan if eligible. Learn more about your options before age 65 and after age 65.
You and your family members nearing Medicare age also can get help understanding, navigating, and enrolling in Medicare with the no-cost SmartConnect program. To connect with a SmartConnect representative and explore your options, call 833-460-4726 weekdays between 7:30 a.m. and 5 p.m. CT.
Retirement plan company contributions and bonuses
When selecting your retirement date, remember you must be employed on December 31 and complete 1,000 hours of employment that year to receive the annual profit sharing contribution. You must be employed through the entire bonus period to receive that period’s bonus payout. Learn more.
Retirement balance options
When you retire, you can leave your balance in the plan, roll it over into an IRA, take a full lump sum distribution, or receive installment or periodic payments over time. View the Retirement Preparation Guide to learn more.
