This is your Member Reference Number (MRN). You’ll need to provide this when you make an appointment with an EAP counselor or contact your EAP by phone.

Anthem provides automatic translation into multiple languages, courtesy of Google Translate. This tool is provided for your convenience only. The English language version is considered the most accurate, and in the event of a discrepancy between the translations, the English version will prevail. This translation tool is not controlled by Anthem, and the Anthem Privacy Statement will not apply. Please read Google's privacy statement. If you want Google to translate the Anthem website, select a language.

Retirement Planning

As you approach retirement, there are many factors to consider. Experts advise that you will need about 80 percent of your pre-retirement income in your retirement years. The exact amount depends on your individual needs. If you have a financial advisor, talk to him or her about your plans. Here are some questions to ask yourself:

  • At what age do you plan to retire?
  • Will your spouse or partner retire when you do?
  • Where do you plan to live? Will you downsize, own, or rent your home?
  • Do you expect to work part-time?
  • Will you have the same medical insurance you had while working? Will coverage change?
  • Do you want to travel or pursue a new hobby that might be costly?

In addition to planning to maintain your lifestyle during retirement, you may need to purchase long-term health insurance or pay for assisted-living services. Take advantage of interactive tools and calculators that can help you plan your retirement. For example, at Link opens in a new windowhttps://www.consumerfinance.gov/consumer-tools/retirement/before-you-claim, the Consumer Financial Protection Bureau offers a calculator to help you see how your Social Security retirement benefits will change based on factors like your age, life expectancy, or marital status. Also, use estimators, like the ones at Link opens in a new windowhttps://www.choosetosave.org/ballpark, to learn how much you need to save to retire comfortably.

For more information go to the following websites:

U.S. General Services Administration (GSA). (2017, April). Retirement planning. In Consumer action handbook (p. 38). Retrieved January 16, 2020, from https://www.usa.gov

More about this Topics

  • Saving and Investing: Making a Financial Plan

  • Saving and Investing: Monitoring Your Investments

  • Saving and Investing: Defining Your Goals

  • Understanding SSA Benefits (Part 6)

  • Roth IRA

Other Topics

    • Saving and Investing: Financial Professionals
    • Social Security (Part 6): Supplemental Security Income and Medicare
    • Understanding SSA Benefits (Part 7)
    • Social Security (Part 4): Benefits for Your Family
    • Saving and Investing: Your Choices
    • Women's Institute for a Secure Retirement (WISER)
    • Choose to Save
    • Financial Planning Association
    • Bankrate
    • Securities and Exchange Commission's Investors Resources
    • Financial Calculators