National Save for Retirement Week provides an opportunity for employees to reflect on their personal retirement goals and determine if they are on target to reach those goals.
National Save for Retirement Week commenced in 2006, when Senators Gordon Smith (R-OR) and Kent Conrad (D-ND) introduced the first resolution establishing National Save for Retirement Week. Their goals were to elevate public knowledge about retirement savings and to encourage employees to save and participate in their employer-sponsored retirement plans.
In recent years, Wyoming's own Senator Mike Enzi has co-sponsored the Senate Resolution for National Save for Retirement week. Earlier this month, Governor Matt Mead signed a proclamation declaring the same week Wyoming Save for Retirement Week in support of the national effort.
Meet Your Future Self
This year, the Wyoming Retirement System is focused on encouraging members, and all Wyoming's citizens, to take some time to consider their "future self." Research indicates that people who spend time envisioning potential outcomes can as much as double their intended retirement savings rate.
Today, take some time to imagine you are living comfortably during retirement. What does that look like to you? Write down a description so someone reading it can also imagine and understand what you’re thinking and feeling.
If you work for a participating employer, consider enrolling in the Wyoming Retirement System 457 Deferred Compensation Plan. If you are already a 457 Plan participant consider increasing your contribution today.
The WRS Deferred Compensation 457 Plan is designed to help you invest for retirement. You contribute a portion of your salary to the plan each month, and your contributions are automatically deducted from your paycheck – before you’re tempted to spend that money on something else.