The following resources can be used to plan for a successful retirement. You’ll be able to figure out how much money you’ll need for retirement, how much you need to save and how long it will take you to reach your retirement goals.
Tools
- Check out The Clara Abbott Foundation Retirement Expense Calculator.
By inputting what you think your expenses will be in retirement compared to what you think your income will be, you can determine your retirement goals. From there, you can develop a savings plan to make that retirement a reality. - Can you afford to retire or are you in over your head? Check out our Debt-to-Income Calculator!
- Estimate your potential Social Security benefits by choosing the calculator that meets your needs. Social Security can be a nice supplement to your retirement income. Use this site to figure out how much your projected Social Security benefits will be when you retire.
Links
Learn more about your Stock Retirement Plan — or 401(k) — investments by visiting www.ibenefitcenter.com.
Your savings in the Abbott Stock Retirement Plan are critical to creating a successful retirement. On this site, you’ll be able to:
- See how your investments are performing.
- Project how much you’ll need to retire.
- Find several good articles related to retirement planning/preparation.
Find out what your Annuity Retirement Plan (ARP) benefit will be when you retire, at http://resources.hewitt.com/abbott.
- This amount can be factored into your retirement income.
- You’ll also find several calculators that can help you plan your retirement.
myHR
Employees can access myHR from Abbott Home (left side of the page). myHR has the following retirement-related resources for Abbott employees:
- How to Retire Checklist — This checklist offers important information and planning advice, including a “to-do” timeline.
- Abbott Retirement Guide for U.S. Abbott Employees Nearing Retirement — Learn about Abbott’s retirement benefits, the choices you must make about these benefits and the steps you must take to retire.
- Freedom to Work Employee Guide — To encourage retirement-eligible employees to continue working rather than retire, Freedom to Work gives you the options for reducing your schedule, workload and/or responsibilities while sharing your knowledge with your colleagues and continuing to build your pension. This employee guide provides even more information about this option.
Abbott Benefits Web Site
View information about your benefits and much more at www.benefits.ehr.com.
Resources
The Foundation offers free classes to help you plan and prepare for retirement. Click here or call (800) 972-3859 to register for a class.
The Clara Abbott Foundation defines retirees (upon separation from Abbott/TAP) as:
– 50 to 60 years of age plus a minimum of 10 years of service, or
– 61 years of age plus a minimum of 9 years of service, or
– 62 years of age plus a minimum of 8 years of service, or
– 63 years of age plus a minimum of 7 years of service, or
– 64 years of age plus a minimum of 6 years of service, or
– 65 years of age plus a minimum of 5 years of service.
Click here to access additional tools, links, and resources that can help you:
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