Estimate your out-of-pocket costs for your medical options. In 2022, workers aged 50 or older can invest up to $27,000 into their retirement plan / 401(k). Many people genuinely enjoy their employment and continue working because their jobs enrich their lives. You can adjust or stop your automatic increase election at any time via the Your Benefits Resources website or by calling 1-888-ALCOA123 . Benefits Planner: Income Taxes and Your Social Security Benefits. Its easy to do. profile. 1 Group annuity contracts can be issued by Metropolitan Life Insurance Company, 200 Park Ave. NY, NY 10166 or Metropolitan Tower Life Insurance Company, 5601 South 59th St., Lincoln, NE 68516. Review your benefits information and utilize the tools and resources available on the Alcoa Benefits Center website. The joint pension is not automatic. Systematic withdrawal plans: Structure regular, automatic withdrawals from your IRA by choosing the amount and frequency to meet your retirement income needs. Check the status of your Social Security benefits before you retire. Engineer salaries ($76k) Financial Analyst jobs. link found below the login details on the page. Performance Bonus. Fortune 500employees interested in planning their retirement may be interested in live webinars hosted by experienced financial advisors. Learn more about MySuper funds andthe different types of super funds. Contact the U.S. Social Security Administration, your local Social Security office, or visit ssa.gov. Select the blue Continue button to move forward. Hmm we don't see any results for that. Alcoas headquarters may be found in Pittsburgh, Pennsylvania and has operations in 10 countries. If you are a new employee who is automatically enrolled in the Plan , the amount you are contributing will be increased by 1 percent each April 1 until you reach the contribution rate of 6 percent. Unlike withdrawals, loans must be repaid, and are not taxable (unless you fail to repay them). Your election to receive the cash amount of your account or to roll it over to another eligible employer plan or IRA must be received within 90 days of termination of employment or the following default treatment will apply. Instead of drawing down savings, you may decide to work a little longer to pay for extras youve always denied yourself in the past. Today, we continue to channel the determination that first launched an industry. This can be a good time to consider whether you have the ability to boost your retirement savings goal to 20% or more of your income. The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900, up $800 from the previous year.