Minutes of ESCOTA General Meetings

Minutes from the November 13, 2008 General Membership Meeting

Date of Meeting: Thursday, November 13, 2008
Presentation: Maximizing Retirement Income
Speaker: Katherine Sayer, CLU

Reeva Mager opened the meeting at 3:30 PM. Mark Kinseweitz, Senior Director of Development, thanked New York Life and Katherine Sayer for co-sponsoring the event. Approximately twenty people were present.

Announcements:

SPOP is offering a free ten-session bereavement support groups on the Upper East and Upper West Side. Call Barbara Danish at 212-787-7120 x520 for more information.

HealthOutreach of NewYork-Presbyterian Hospital has free afternoon and evening Tuesday caregiver support groups. Call Connie Gemson at 212-746-4365 for more information.

Presentation:

Katherine Sayer, CLU, from New York Life, gave an overview of options for retirement. She described the shift in responsibility from a defined pension plan to a defined contribution plan. She stated that now people are living longer and they need more than social security and a pension plan to maintain their lifestyle. She described the importance of long-term care insurance and knowing that basic expenses are covered by guaranteed income. She discussed the devastating impact of losses as people move closer to retirement and the need to re-evaluate their income as retirement nears. Katherine offered a free consultation for ESCOTA members. She can be reached at 646-227-8812 or .(JavaScript must be enabled to view this email address).

Next Meeting:

Date: January 8, 2009
Location: TBA
Presentation: TBA
Speaker: TBA

Respectfully submitted by Connie Gemson, Recording Secretary

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