Hybrid Members: See Hybrid Retirement Plan Education.
Course details and registration information are available for a variety of educational mediums. You can even sort topics based on your current educational needs.
Are You on Track? – This presentation for current Plan 1 and Plan 2 members (hired before January 1, 2014) educates you on your VRS membership and the importance of planning now for your future. Topics include an overview of your VRS benefits and optional programs, purchase of prior service and member resources such as our online self-service tool, myVRS.
Are You Ready to Retire? – This presentation for current Plan 1 and Plan 2 members (hired before January 1, 2014) who are within five years of retirement guides you through important retirement decisions (such as when to retire and selecting a benefit payout option). Other topics include using myVRS and benefits after retirement.
Your Next Steps – This presentation for current Plan 1 and Plan 2 members (hired before January 1, 2014) who are fewer than 12 months away from retirement walks you through the retirement application process. Topics include a timeline of action items, an overview of the required forms, post-retirement considerations (such as taxes and COLA) and your VRS resources after retirement.
Retirement Education Seminar I – Covers psychological adjustment and planning for retirement, mid- and long-range financial planning, estate planning and legal readiness.
Retirement Education Seminar II – Covers short-term financial planning, long-term care, Social Security and Medicare.
Banking – This module will explore how to choose a financial institution and the different types of bank accounts that are available. You'll also learn about electronic banking and compare different types of savings accounts.
Credit – In this module, you'll understand how to get credit and when to use it. We'll explore how interest rates work and why your credit score is so important.
Taxes – In this module, you'll learn how taxes are structured so you can maximize your income. You'll also learn about how income brackets and filing statuses impact your taxes. We'll explore two terms that cause many people problems - withholdings and taxable income. Finally, we'll walk through what forms to use when filing your taxes.
Investments – This module will explore the different types of investments so you can understand your choices. You'll learn what asset allocation means and why diversification is so important. Finally, we'll look closely at the benefit of managing your investments through the use of funds.
Financial Planning – This module will give you the tools to start your financial plan. We'll explore some popular financial goals, such as saving for college and retirement. And since no one knows what the future will hold, we'll talk about potential problems to plan for along the way.
Home Finance – In this module, we'll walk through what you can do to prepare for buying a home. We'll talk about what to expect from the buying process, as well as what happens after you've made an offer. We'll also explore how you may be able to lower your payments or tap into your home's equity once you own a home.