Women's Institute For A Secure Retirement

Medicare open enrollment season is underway! From October 15 through December 7, Medicare beneficiaries can make changes to their health and prescription drug plans for 2019. It's a good idea to review your options even if you are happy with your current plan. Plans often change their costs, coverage and other features each year, so make sure you are still choosing the most cost-effective plan for your coverage needs.

Learn more and get started at Medicare.gov. Also check out the My Medicare Matters tool from the National Council on Aging.

The U.S. Department of Labor issued an Advisory Opinion that will pave the way in making auto portability a reality. Auto portability provides seamless portability for retirement plan participants when they change jobs. Each year, 14.8 million plan participants will change jobs and 31% of those workers will cash out their retirement savings completely within the first year after a job change.

This news is especially good for women who often hold smaller account balances. Learn more about auto portability and the Advisory Opinion and check out this infographic which highlights the importance of preserving small account balances.

Millions of working Americans are missing out on a valuable tax credit - The Saver's Credit. The Saver's Credit is available to low- to moderate- income workers who are saving for retirement, and it is effectively a federal match for retirement contributions. But only one in four workers potentially eligible to claim it are aware of it.

Learn more about the Saver's Credit.