Building Wealth for the Future

Planning for your financial future is one of the most important things you’ll ever do. Dominion Energy offers the following benefit plans to help you build wealth for a financially secure future.

Are you getting the most from your Dominion Energy retirement benefits? Check out the financial wellness tools that can help you reach your goals.

6 Tips for Retirement Planning

It’s never too early to start planning for the income you will need at retirement. Check out these 6 tips to help you get started.

  1. Determine how much you will need for your future. Look at your current financial situation and consider your home equity, savings, pensions, investments, and income from other sources such as Social Security.
  2. Take advantage of Dominion’s Energy’s Savings Plan. It can help you save for retirement. Also, consider other savings and investment options, such as a former employer’s pension and savings benefits, individual retirement accounts (IRAs), brokerage accounts, mutual funds, savings bonds and certificates of deposit (CDs).
  3. Consult an attorney. They can execute or update wills, trusts, advance healthcare directives and other important legal or financial documents.
  4. Think about where you want to live and what you want to do. Thinking about how you plan to spend your retirement years can help you set goals and determine how much income you will need.
  5. Verify or name a beneficiary. Review the separate information found in the Dominion Energy Pension Plan and the Dominion Energy Savings Plan summary plan descriptions for details on designating a beneficiary for each respective plan.
  6. Make sure you’re around long enough to use your retirement income! Take care of yourself by eating healthy and exercising regularly.