Many of us who retire at age 62 can expect to live longer than our forefathers. But to be safe, it's important to prepare by having family discussions about what to do in the event of a debilitating illness or death. Here is a list of topics to discuss and the legal documents to have.

Whether you are a new member, in mid-career or close to retirement, there are steps you can take to learn about your pension benefits and stay on track as you progress down the road to a financially secure retirement. 

You possess a valuable financial asset from participating in a defined-benefit pension system and saving money in a tax-deferred annuity. That’s why it’s important to designate beneficiaries, keep your beneficiary designations current after life-changing events and make sure the latest contact information for your beneficiaries is on file with your pension system. 

The Tax-Deferred Annuity (TDA) program is an excellent way for eligible UFT members to save extra money that will allow them to fully enjoy retirement. They can defer paying federal income taxes on their TDA, which lowers income taxes during their working lifetime.

The start of the school year is an excellent time to think about yourself and the best way to secure your future.

The UFT's Tax-Deferred Annuity (TDA) Program is one of the most popular benefits the union has won for its members, with more than 120,000 in-service members and retirees participating.