Retirement Planning

Learn more about retirement planning

• Read these frequently asked questions to understand how your benefits at MWRD will be impacted when you decide to retire.

• Review this nearing retirement checklist to evaluate your current retirement readiness. 

• You can catch up on saving by making catch-up contributions into the MWRD 457(b) Deferred Compensation Plan. You can make age-based catch-up contributions the year you turn age 50 or make service-based catch-up contributions if you've undercontributed in prior years and are within the last three years before the year you reach the plan's normal retirement age. See how much you can contribute this year by visiting our contribution limits website. 

• Assess your strategy and projected income in retirement using Corebridge Financial’s Retirement Pathfinder tool. Log into your 457(b) plan account or meet with a Corebridge financial professional to put a plan in place.