Making Your Nest Egg Last
Today’s notion of retirement is very different from that of previous generations. Individuals are working and living longer, and are faced with the challenges of both caring for elderly parents and providing for the needs of adult children. In this course, you’ll learn to assess your retirement needs, position your assets to meet those needs, and take advantage of tax savings while maximizing government retirement benefits. You’ll leave with detailed strategies for pursuing sufficient income to enjoy a comfortable, secure retirement.
Using Tricare For Life With Other Health Insurancehealth Insurance You Have In Addition To Tricare Such As Medicare Or An Employer
If you have other health insurance, such as a Medicare supplement or an employer-sponsored health plan, you can use TRICARE For Life as long as you have both Medicare Parts A and B.
- If you have employer-sponsored insurance based on current employment, the other health insurance pays first, Medicare pays second and TRICARE pays last.
- In this case, your provider will file your health care claims.
Your claim must be filed within one year from the date of care. For more information, visit the WPS website.
Can I suspend my FEHB coverage to use TRICARE For Life? Yes. Call the Office of Personnel Managements Retirement Information line at 1-888-767-6738 to get a suspension form.
Introduction To Social Security
1. What are the purposes of Social Security?
The Social Security Act and related laws establish a number of programs that have the following basic purposes:
- To provide for the material needs of individuals and families
- To protect aged and disabled persons against the expenses of illnesses that may otherwise use up their savings
- To keep families together and
- To give children the chance to grow up healthy and secure.
2. What programs are included under the Social Security Act and related laws?
The following programs are included:
- Retirement insurance
- Hospital and medical insurance for the aged, the disabled, and those with end-stage renal disease
- Prescription Drug Benefit
- Extra help with Medicare Prescription Drug Costs
- Supplemental Security Income
- Public assistance and welfare services, including:
- Temporary assistance for needy families
- Medical assistance
- Maternal and child health services
- Child support enforcement
- Family and child welfare services
- Energy assistance
3. How is the Social Security Administration structured?
SSA is headed by a Commissioner. Our central office is located in Baltimore, Maryland. Our administrative offices and the computer operations are also located there. Individual claims services are provided by our local Social Security offices.
For more information on the organizational structure of SSA, and to view an organization chart see Organization of SSA.
4. What services can your local Social Security Office provide?
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How Much Does A Seminar Cost
All 2021-2022 Retirement Webinars in are $135.00 for federal employees. In person Retirement Seminars are $165 for federal employees and $95 for non-federal spouses, plus credit card fees charged by our registration platform Eventbrite if using a card to register. Most agencies will pay for your registration fee, so be sure to check with your agency before registering for a seminar.
Social Security Consulting Services And Fee Arrangements
Pure Consulting. If you are not ready to order a report but simply want answers to questions about your Social Security situation, I charge by the hour as of the time we begin focusing on your particular situation. The hourly fee is $240 with a minimum charge of $150. That includes time spent on any background work that may be required to answer your questions. If the conversation moves into either a Comprehensive or Summary report, the consulting time may be folded into the quoted fee.
Comprehensive Report. Most clients ask me to prepare a detailed, handcrafted written report illustrating a range of 4 to 6 claiming options, which includes any particular strategies you would like to see illustrated. The report is personalized, with step-by-step explanations of each strategy, along with strategy comparison table, cash flow tables, comparison charts, and standardized Appendix containing reference material. The fee includes a follow-up phone call within a week of the time the report is delivered, or a reasonable amount of email communication, to clarify any items contained in the report.
A typical fee range for the above runs from $650 to $850, depending on complexity and the number of strategies illustrated. In very complex situations the fee could be higher. The Comprehensive Report is almost mandatory for very complex situations including those that require manual calculations.
To Whom This May Concern:
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How Do I Apply For My License/how Do I Renew My Licence
You must apply for or renew your licence through ServiceOntario. You cannot perform these tasks at DriveTest or through the Ministry of Community Safety and Correctional Services. You can find more information on the licensing process and find the licence application documents on the ServiceOntario website.
Were There To Provide Comfort During Difficult Times
The loss of a loved one can be both emotionally and financially difficult. Some widows, widowers, and children may receive survivors benefits to help them cope with the financial loss. The number of credits needed to provide benefits for survivors depends on the workers age when he or she dies.
Unmarried children who are under age 18 can be eligible to receive Social Security benefits when a parent dies.
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Should I Register For A Fers Or Csrs Seminar
If you started work in the federal government after 1987, you most likely should attend a seminar for the Federal Employees Retirement System . If you were employed in federal service prior to 1987, you may be under the Civil Service Retirement System . If youre not sure which retirement system you fall under, contact your HR manager. You can also read more about FERS and CSRS on OPMs website.
Want To Learn More About Tricare For Life
Check out the new TRICARE For Life 101 podcast series. The new series helps retired service members or their eligible family members who will turn 65 soon understand their TRICARE For Life benefits. The series covers a number of topics, from an overview of basics, to how TFL and Medicare interact, and more! > > Learn more
Are you looking to see what tests, items, or services Medicare covers? > > Learn more.
Want to order a hard copy of the TRICARE For Life Handbook? Call Wisconsin Physicians Service at 1-866-773-0404.
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How Health Can Affect Your Wealth In Retirement
Are you considering the impact of long-term care costs on your spouse and family? There are ways to protect your savings and home should long-term care be required. In this workshop, we will review types of care, cost, and who pays for various options, the role of Medicare and Medicaid, types of insurance available to help pay for care, and what to look for when evaluating policies. We will compare traditional long-term care policies with newer hybrids that can guarantee a payment for care and/or provide a life insurance benefit. This course is for you if you are approaching or in retirement, as well as for family members concerned about aging parents. You will gain an understanding of available options and leave with the tools to plan for the future.
But I Have Seen Some Free Retirement Seminars Offered
The organizations running free retirement seminars are still paying the bills somehow. Usually this is through selling their own financial products . There is clearly an agenda at these events, and the information is neither unbiased nor necessarily trustworthy, given this clear conflict of interest. The Securities and Exchange Commission and OPM both advise strongly against allowing these types of providers access to federal facilities, or using them in place of professional retirement educators who are being paid for their expertise directly.
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Do I Have To Pay An Enrollment Fee
No. You don’t pay any enrollment fees, but you must pay Medicare Part B monthly premiums. Your Part B premium is based on your income.
For more information about Part B premiums:
Will I Have Any Out-of-Pocket Costs?
TYPE OF SERVICE
How Do I Get A Testing Completion Number
Your testing completion number is your ID code for your test and will be used by ServiceOntario and the Ministry of Ministry of the Solicitor General for licensing purposes. Your testing completion number can be found on your appointment confirmation and reminder emails. If you are having trouble locating this number, please contact us with your full name and date of birth and a description of your issue.
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Retirement Seminars And Webinars
Pre-Retirement Seminars and Webinar
In consideration of our members busy schedules and different planning needs, the Maryland State Retirement Agency offers several ways for our members to prepare for retirement at their convenience.
We offer full day seminars at various locations throughout the State of Maryland, one hour webinars and short pre-retirement videos for those who prefer to plan on their own time and their own schedule no matter what hour of day or night.
All are open to members, spouses of members and former members of the Maryland State Retirement and Pension System.
Were There When You Get Married
Whether you are celebrating your anniversary or starting a new chapter alone or with a new spouse, a part of that new life may include a new name.
If you legally change your name due to marriage, divorce, or any other reason, let us know so you can get an updated Social Security card and so we can accurately keep track of your earnings. Theres no charge for aSocial Security card.
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Important Things To Know About Social Security
Do you only allow established & well respected presenters?
We only work with licensed financial professionals who have been vetted by our staff to insure they have your best interests in mind.
Is it true the Social Security Administration isnât allowed to provide advice?
Yes, SSA is prohibited from providing advice on filing strategies or on the taxation of benefits.
What if I have already filed?
If you have already filed within the last few years we can help. Unfortunately we canât work with disability.
We Are With Those Who Need A Helping Hand
Social Security administers the Supplemental Security Income program, which is a program that provides income support to people with disabilities and people who are age 65 or older, or blind, who have low income and resources. U.S. Treasury general funds, not the Social Security trust funds, pay for SSI.
If you or someone you know may be eligible for SSI, visit to learn more and apply.
Also Check: Number For Social Security Administration
Does Tricare For Life Work Overseas
Medicare provides coverage in the U.S. and U.S. Territories. Medicare doesn’t provide coverage in any other overseas locations.
When using TRICARE For Life in all other overseas locations, whether you live overseas or are traveling overseas, TRICARE is the primary payer and you’re responsible for paying TRICARE’s annual deductible and cost shares. > > View TRICARE For Life Costs.
If you live overseas, you must have Part B to remain eligible for TRICARE even though Medicare doesn’t provide coverage overseas.
And We Will Be There For Years To Come
Social Security has two trust funds Old-Age and Survivors Insurance and Disability Insurance . The OASI and DI Trust Funds have reached the brink of depletion of asset reserves in the past. However, in 1977 and 1983, Congress made substantial changes to the program that resulted in the $2.908 trillion asset reserves that exists today.
The two Social Security trust funds will be able to pay all benefits in full and on time until 2034. Even if legislative changes are not made before 2034, well still be able to pay 78 percent of each benefit due. Social Security has always changed to meet the needs of the people we serve and will continue to help support you and your family. Whether you are about to retire, become a full time grandparent, or start a new chapter, Social Security can help you secure today and tomorrow.
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Living Your Best Life Rely On Experience
Retirees will lose an average of $111,000 in income per household over their lifetime because they took Social Security benefits at the wrong time according to a new study released from the United Income*, a technology, wealth management company. Overall, only 4% of retirees took Social Security at the financially optimal age. The best age depends on a host of factors, including life expectancy, other income sources, future costs in retirement, and if youre married or still working.
I Was Sold An Annuity Now What
We’re living longer and many people are concerned about outliving their retirement assets. Annuities have become an extraordinarily popular investment for retirement income planning. At heart, annuities are simple mathematical concepts: lump sums of money paid out in equal installments over time until the original funds are exhausted. In practice, the concept is more complex so it’s important to be knowledgeable before purchasing an annuity. We’ll guide you through annuity basics, contract structure, and analysis.
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How Does Tricare For Life Work
There isnt an enrollment card for TRICARE For Life. All you need is your Medicare card and military ID as proof of coverage.
You may visit any authorized provider. > > Find a Doctor
- In most cases, your provider files your claims with Medicare.
- Medicare pays its portion and sends the claim to the TRICARE For Life claims processor. If you want to know what Medicare pays for services covered by Medicare and TRICARE, check out the TRICARE For Life Cost Matrix.
- TRICARE For Life then pays the provider directly for TRICARE-covered services.
- Generally, you’ll have no out-of-pocket costs for services that both Medicare and TRICARE cover.
- Youll have out-of-pocket costs for care that isnt covered by Medicare and/or TRICARE.
You can get care at military hospitals and clinics, but only if space is available. > > Find a Military Hospital or Clinic
Were There Throughout Your Career
From your first job to your last, your employers have verified your Social Security number with us to help reduce fraud and improve the accuracy of your earnings records.
Employers collect FICA, or Federal Insurance Contributions Act withholdings, and report earnings electronically. This is how we verify your earnings and is how you earn Social Security retirement, disability, and survivors coverage for you and your family. A worker earns up to four Social Security credits each year and needs 40 credits, or 10 years of work, to qualify for retirement benefits.
Sign in or create a mySocial Security account to keep track of your earnings and see estimates of future benefits throughout your career and into retirement.
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Making The Most Of Social Security
Social Security is a significant piece of the retirement puzzle. Learn how to get the most from your benefits and coordinate this income with your overall retirement strategy. We will talk about the current state of Social Security, what to consider when planning your benefit start date, spousal benefits, options for divorcees, buy-back strategies, tax reduction strategies, and coordination with state and federal retirement plans, such as Windfall Elimination Provisions and Government Pensions Offsets. We will also review special planning considerations for self-employed individuals. Join us to navigate this sometimes confusing benefit.
We Wouldnt Miss Your Retirement Party
When most people think of Social Security, they think of retirement benefits with good reason. Social Security is a lifeline for most retirees, keeping tens of millions out of poverty. Fifty-one percent of the workforce has no private pension coverage. Thirty-four percent of the workforce has no savings set aside specifically for retirement.
As you get closer to retirement or starting your next chapter, it is important to check yourSocial Security Statement each year to verify the accuracy of your earnings.
Sign in or create a mySocial Security account and verify your earnings and see estimates of future throughout your career and into retirement.
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With You Through Lifes Journey
Whether you are about to retire, become a full time grandparent, or start a new chapter, Social Security provides financial benefits, information, and tools to help secure today and tomorrow for you and your family.
Today, about 176 million people work and pay Social Security taxes and about 65 million people receive monthly Social Security benefits. With retirement, disability, and survivors benefits, we improve the quality of life for millions throughout lifes journey.
Notice Of Class Action Lawsuits
Brought by EEOC affecting certain retirees and members of the Employees’ Retirement System of Baltimore County. Read the details.
Affecting certain retirees and members of the Employees’ Retirement System of Baltimore County.
This Notice concerns the certification of a Class by the Circuit Court for Harford County in a class action lawsuit entitled Brian J. Rowe, et al v. Baltimore County, MD, et al. Case No. 12-C-10-002273 OC . The certified Class includes certain retirees and members of the Employees Retirement System for Baltimore County who previously transferred service credit to BCERS from another noncontributory retirement plan or system.
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