You can apply for PFL by completing the Claim for Paid Family Leave (PFL) Benefits (DE 2501F) form online or by mail. Show To apply online, you must first complete a one-time registration using Benefit Programs Online (BPO) to establish an online account. Visit the BPO login page and select Register to get started creating an account now. For more information, visit How to File a PFL Claim in SDI Online. BPO registration is available 24 hours a day, 7 days a week. After you have registered for and logged in to BPO, select SDI Online, which will direct you to the SDI Online Registration page to select your account type. Once your registration is complete, log in to BPO and select SDI Online to be directed to your Home page to file your claim. Note: It may be necessary to send some documents via U.S. mail even if you selected electronic communication. To apply by mail, visit How to File a PFL Claim by Mail. For bonding claims, your application must include documentation showing the relationship between you and your new child (for example, a copy of the child’s birth certificate or record, adoptive placement agreement, or foster care placement record). Note: Mothers transitioning from a Disability Insurance pregnancy claim to a PFL bonding claim do not have to provide a proof of relationship document. For caregiving claims, your application must also include a medical certification from your family member’s physician/practitioner and the care recipient’s or their authorized representative’s signature on the Statement of Care Recipient portion of the claim form. For military assist claims, you must include supporting military documentation and documentation for the qualifying event. Key takeaways
Who doesn't have a retirement dream? Yours may be as simple as sleeping late or riding your bike on a sunny afternoon, or as daring as jumping out of a plane at age 90. Living your retirement dream the way you want means saving now—and saving enough so you don't have to worry about money in retirement. But how much is enough?Our guideline: Aim to save at least 15% of your pre-tax income1 each year, which includes any employer match. That's assuming you save for retirement from age 25 to age 67. Together with other steps, that should help ensure you have enough income to maintain your current lifestyle in retirement. How did we come up with 15%? First, we had to understand how much people generally spend in retirement. After analyzing enormous amounts of national spending data, we concluded that most people will need somewhere between 55% and 80% of their preretirement income to maintain their lifestyle in retirement.1 Not all of that money will need to come from your savings, however. Some will likely come from Social Security. So, we did the math and found that most people will need to generate about 45% of their retirement income (before taxes) from savings. Based on our estimates, saving 15% each year from age 25 to 67 should get you there. If you are lucky enough to have a pension, your target savings rate may be lower. Here's a hypothetical example. Consider Joanna, age 25, who earns $54,000 a year. We assume her income grows 1.5% a year (after inflation) to about $100,000 by the time she is 67 and ready to retire. To maintain her preretirement lifestyle throughout retirement, we estimate that about $45,000 each year (adjusted for inflation), or 45% of her $100,000 preretirement income, needs to come from her savings. (The remainder would come from Social Security.) Because she takes advantage of her employer's 5% dollar-for-dollar match on her 401(k) contributions, she needs to save 10% of her income each year, starting with $5,400 this year, which gets her to 15% of her current income. Is 15% enough?That depends, of course, on the choices you make before retirement—most importantly, when you start saving and when you retire. Any other income sources you may have, such as a pension, should also be considered. Now that you know a savings rate to consider, here are some steps to think about that can help you get to it. 1. Start earlyThe single most important thing you can do is start saving early. The earlier you start, the more time you have for your investments to grow—and recover from the market's inevitable downturns. If retirement is decades away, it may be hard to think or care about it. But when you are young is precisely the time to start saving for retirement. Even though it can be a challenge to save for the future, giving your savings those extra years to grow could make the struggle worth it—every little bit you can save helps. 2. Delay retirementOur 15% savings guideline assumes that a person retires at age 67, which is when most people will be eligible for full Social Security benefits. If you don't plan to work that long, you will likely need to save more than 15% a year. If you plan to work longer, all things being equal, your required saving rate could be lower. Other steps to takeThe road to retirement is a journey, and there are steps you can take along the way to catch up. Here are 6 tips to get started:
To see how your age, savings, and income can influence your savings rate, try Fidelity's savings rate widget. Make savings a priorityKeep your eye on your dreams. Do the best you can to get to at least 15%. Of course, it may not be possible to hit that target every year. You may have more pressing financial demands—children, parents, a leaky roof, a lost job, or other needs. But try not to forget about your future—make your retirement a priority too. Next steps to considerSee if your savings are on target in the Planning & Guidance Center. Take advantage of potential tax-deferred or tax-free growth. Get 4 easy guidelines to help you reach your retirement goals. Your e-mail has been sent. |