Welcome to PlanAhead for Retirement ®, a retirement planning tool customized for lay employees in the Episcopal Church Lay Employees' Retirement Plan (the defined benefit plan).
PlanAhead uses your retirement account information (updated as of March 31, 2007), along with information you enter, to project your income and financial needs in retirement. It also suggests ways to change or improve those results.
If you are in the Episcopal Church Lay Employees' Defined Contribution Retirement Plan, you will find financial planning help using CPG's downloadable resources and online at Fidelity.
How PlanAhead works
- You enter basic information about yourself (and your spouse, if appropriate) and your retirement savings.
- Then the program projects your retirement income needs, assuming they are equal to your final compensation plus the cost of medical insurance.
- Finally, it shows your projected income in retirement and estimates the percentage of your needs that income will cover.
- Steps for Improving Your Plan—Suggestions for increasing your retirement income by saving more or earning more on investments.
- Investment World—Help choosing a return rate for your pre-retirement investments and evaluate changes in your investments.
- Advanced Inputs and Overrides—Lets you fit the model more closely to your situation.
With the information you enter, PlanAhead For Retirementsm gives you a quick overview of your financial planning. Based on the results, you may want to explore the following sections:
