Claiming Social Security
|
|
- Rafe Gregory
- 6 years ago
- Views:
Transcription
1 Claiming Social Security A NARFE Federal Benefits Institute Webinar Presented by Tammy Flanagan 1
2 When do you plan to claim Social Security retirement benefits: I am already receiving my Social Security benefits As soon as I am eligible I plan to delay application as long as possible I am not yet eligible for Social Security retirement I am not sure Audience Poll 2
3 Audience Poll What is your federal retirement system? CSRS FERS or I transferred to FERS CSRS Offset I am not sure I am already retired from CSRS I am already retired from FERS I am already retired from CSRS Offset Something else 3
4 What Is Your Retirement Timeline? Eligible for Social Security Maximum Delayed Social Security Credits Retire from Federal Service Full Social Security Retirement Age Expiration Date 4
5 Full Retirement Age If you were born in: Your full retirement age is: and 2 months and 4 months and 6 months Social Security s Full Retirement Age (FRA) is increasing gradually because of legislation passed by Congress in and 8 months and 10 months 1960 and later 67 5
6 6
7 True or False: 1. I plan to continue to work after age I can afford to retire without Social Security. 3. There is longevity in my family, and I am healthy. 4. I m good at math and a successful money manager. 5. I am married. 7
8 Mostly true or false? True It might make sense to delay your Social Security application. False You may be a candidate for claiming Social Security at retirement or at age 62 (whichever is later). 8
9 I plan to work past age 62 Earnings test to full retirement age ($15,720) $1 reduction for $2 earned above limit At full retirement age, earnings test ends CSRS employees not affected by WEP or GPO Benefit continues to grow 9
10 I don t plan to work past age 62 Social Security is one part of the three parts of FERS - you may need the income to afford to retire! Social Security is an actuarial benefit smaller benefit more years larger benefit fewer years 10
11 Afford retirement without Social Security CSRS or FERS covers living expenses Additional income from TSP or other investments Social Security provides less replacement income for higher wage earners 11
12 Cannot afford retirement without Social Security Social Security is tilted toward the low-wage earner. Social Security can replace more of your wages if you had average or low income. Social Security replaces about 40% of an average wage earner s earnings. 12
13 Longevity factors A person's life span is thought to be largely determined by the combined effects of genetics and environmental factors. Twin studies, however, suggest genetics only account for approximately 20 to 30 percent of an individual's chance of surviving to age
14 I am not in good health Single with average earnings history Age 62 ($1,305) Age 66 ($1,740) Age 70 ($2,300) $46,980 $203,580 $360,180 $516,780 $0 $187,920 $396,720 $605,520 $0 $138,000 $414,000 $690,000 14
15 I am good at Math Claiming age: Monthly / yearly amount 3% inflation / benefit at 80 Option One 62 $750 / month x 12 = $9,000 / year 63 with 3% inflation $ / month x 12 = $9,270 / year Invest $9,000 at 6% for 18 years: $25, Invest $9,000 at 5% for 18 years: $21, Invest $9,000 at 3% for 18 years: $15, $1,276 / month or $15, / year And have $15, $25, in the bank (invest one year of benefits at 62) 15
16 I am good at Math Claiming age: Monthly / yearly amount 3% inflation / benefit at 80 Option Two 3% inflation and delay to age 63 $824 / month x 12 = $9,880 / year $16,
17 Not good at math? Computer models Education Hire professional More likely to follow the crowd / current hype 17
18 I am married While there are two of you, finances are good but what happens when there is one of you? One of you delay to earn delayed retirement credits up to 32% Delayed credits are included in widow s benefits Other option both start at age 62 and invest the proceeds for surviving spouse Lump sum of invested benefits left for surviving spouse Dependent Spouse: Worker: $1,000 Spousal benefit: up to $500 Dual Entitlement: Spouse 1: $1,000 or $700 Spouse 2: $1,400 or $500 18
19 I am single Never married Independent Social Security may provide significant retirement income Widowed Option to receive widow s benefit Divorced Dual entitlement 19
20 What Is Deemed Filing? If you are eligible for your own earned benefit and a spousal benefit, Social Security considers that you are filing for both benefits. You will receive the higher of the benefits that you are entitled to receive. 20
21 Deemed Filing Rules Changing Restrict your application to spousal benefits Delay your own earned benefit If you reach age 62 before January 2,
22 Scenario Because Cindy was 62 before January 2, 2016, she may file for her spouse s benefits now or at a future date if she chooses. Mike Age 62 $1,800 Begins benefits May 2016 Cindy Age 64 $500 She can: Receive higher spousal benefit (less than $900) Continue receiving her benefit $500 22
23 File and Suspend Deadline Individuals who have already requested, or who request voluntary suspension before April 30, 2016, are not affected by the changes. 23
24 Scenario Earned Benefit $1,800 Paul (age 67) Judy (66) Spousal Benefit $900 Suspends benefit July 2016 $0 Resumes benefit January 2017 $1,800 + COLA + delayed credit January 2017 $900 + COLA Prior to the legislation, Judy could have continued to receive spousal benefit when Paul suspended his benefit 24
25 Scenario FRA in May 2016, requests voluntary suspension Suspend benefits beginning June 2016 December 2016, he has a life-altering event Earliest benefits resume is January 2017 Prior to the new legislation, benefits would have been reinstated back to June 2016, which would have generated a lump-sum payment for the suspense period. 25
26 What About Medicare? Apply parts A & B within 3 months of age 65 Delay part B if covered by current employment health insurance or $ / month or more (higher income) $ / month or less (if withheld from Social Security benefit) 26
27 If your yearly income in 2014 (for what you pay in 2016) was File individual tax return File joint tax return File married & separate tax return You pay (2016) Part B $85,000 or less $170,000 or less $85,000 or less $ above $85,000 up to $107,000 above $107,000 up to $160,000 above $170,000 up to $214,000 above $214,000 up to $320,000 Not applicable $ Not applicable $ above $160,000 up to $214,000 above $320,000 up to $428,000 above $85,000 and up to $129,000 $ above $214,000 above $428,000 above $129,000 $
28 Windfall Elimination Provision Affects earned SSA of individuals who receive a pension from work not covered by Social Security, i.e., CSRS Modified SSA formula Exception for 20+ years of substantial earnings ($22, ) 28
29 WEP 40% X $856 = $ % X $1,721 = $ % X $0 = $0 Monthly benefit at age 66 $ Monthly benefit at age 62 $ Monthly benefit without the WEP at age 66 $1, Monthly benefit at age 62 without the WEP $
30 Government Pension Offset Reduces the spousal SS benefit by $2 for every $3 in CSRS benefit Opponents: GPO is imprecise and unfair Defenders: Preserves original intent of supporting financially dependent spouses and also eliminates unfair advantage for Government (CSRS) spouses compared with spouses who are subject to the dual entitlement rule Does not apply to FERS employees 30
31 Monthly CSRS Joan (66) GPO Monthly SSA Joan Earned / Spousal / Widows Jim (SSA) $4,612 (reduced SBP) $ (Joan s Earned SSA) $1,200 (Spousal benefit) - $3,075 = $0 $2,400 (age 66) GPO: 2/3 of $4,612 = $3,075 Joan s spousal / widow s benefits are offset by 2/3 of her CSRS retirement benefit. 31
32 Monthly CSRS Joan (66) GPO Monthly SSA Joan Earned / Spousal / Widows Jim (SSA) $5,100 (unreduced for SBP) $ (Joan s Earned SSA) $2,400 (Widow s Benefit) - $3,396 = $0 $0 (deceased) GPO: 2/3 of $5,100 = $3,396 Joan s spousal / widow s benefits are offset by 2/3 of her CSRS retirement benefit. 32
33 GPO Monthly CSRS Joan (66) Jim SSA Jim SSA and CSRS Survivor Benefit $0 (Deceased) $2,400 $2,805 (CSRS Survivor benefit 55% of $5,100) GPO: Does not impact surviving spouse of CSRS retiree 33
34 34
Social Security Simplified
Social Security Simplified A NARFE Federal Benefits Institute Webinar Presented by Tammy Flanagan 1 Sponsored by Audience Poll What do you think is the most complicated part of Social Security? A. Understanding
More informationSocial Security and Retirement Planning: A Hit or Myth Proposition
Social Security and Retirement Planning: A Hit or Myth Proposition New Hampshire Government Finance Officers Association Presentation May 3, 2018 Kurt Czarnowski Czarnowski Consulting: Expert Answers to
More informationSocial Security.
Social Security www.socialsecurity.gov A Foundation for Planning Your Future OTHER INCOME SAVINGS & INVESTMENTS PENSION SOCIAL SECURITY 2 What is myra? A new retirement savings account developed by the
More informationSocial Security.
Social Security www.socialsecurity.gov Save for a Secure Future Social Security is the foundation for a secure retirement, but you also will need other savings and investments. If you want to learn more
More informationSurvivor Benefits: Plan for the Future
Survivor Benefits: Plan for the Future A NARFE Federal Benefits Institute Webinar Presented by Tammy Flanagan 1 Different Decisions at Different Stages of Your Career: Employee Pre-retirement Post-retirement
More informationWhat You Need to Know About Social Security
What You Need to Know About Social Security Social Security is an important piece of many American s retirement income and it was only designed to replace a portion of your income and survivor needs. Your
More informationWhat to Know, What to Ask By Joan Entmacher, Benjamin Veghte, and Kristen Arnold
Claiming Social Security Benefits NATIONAL ACADEMY OF SOCIAL INSURANCE What to Know, What to Ask By Joan Entmacher, Benamin Veghte, and Kristen Arnold Thinking about retirement? Deciding when to take Social
More informationThe Social Side of Retirement SM
The Social Side of Retirement SM Exploring Social Security Retirement Benefits TABLE OF CONTENTS 2 Social Security and you 3 Filing for benefits 6 Benefits for spouses 8 How spousal benefits work 13 Working
More informationSocial Security. Yolanda York Public Affairs Specialist.
Social Security Yolanda York Public Affairs Specialist www.socialsecurity.gov The Real Beginning... Bismarck introduced first Social Security old-age benefits in Germany in 1889 2 2 3 Who Gets Benefits
More informationNOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE
2019 Social Security quick reference NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE Full Retirement Age (FRA) Year of Birth 1943 1954 66 Full Retirement Age (FRA) 1955 66 and 2 months 1956 66 and 4
More informationA Guide to Understanding Social Security Retirement Benefits
Private Wealth Management Products & Services A Guide to Understanding Social Security Retirement Benefits Social Security Eligibility Requirements Workers who pay Social Security taxes on their wages
More informationToday s agenda. Social Security The choice of a lifetime. Social Security basics. Making your Social Security decision
Today s agenda Social Security The choice of a lifetime Social Security basics Making your Social Security decision 3 Social Security The choice of a lifetime 4 WHY SOCIAL SECURITY IS THE CHOICE OF A LIFETIME
More informationSocial Security.
Social Security www.socialsecurity.gov History of Social Security Programs 1935 Retirement Insurance 1939 Survivors Insurance 1956 Disability Insurance 1965 Medicare Program 1972 Supplemental Security
More informationSocial Security Eligibility. Amount of the Social Security Benefit. Primary Insurance Amount (PIA) Windfall Benefits Elimination Provision (WEP)
Social Security Retirement Benefits Social Security Eligibility Amount of the Social Security Benefit Primary Insurance Amount (PIA) Windfall Benefits Elimination Provision (WEP) Social Security Benefit
More informationSocial Security: With You Through Life s Journey. Produced at U.S. taxpayer expense
Social Security: With You Through Life s Journey Produced at U.S. taxpayer expense Over 60 Million Receiving Benefits 9 million Disabled Workers, 2 million Dependents 4 million Widows/ Widowers 41 million
More informationA Guide to Understanding Social Security Retirement Benefits
Private Wealth Management Products & Services A Guide to Understanding Social Security Retirement Benefits Social Security Eligibility Requirements Workers who pay Social Security taxes on their wages
More informationSocial Security.
Social Security www.socialsecurity.gov History of Social Security Programs Ø 1935 Retirement Insurance Ø 1939 Survivors Insurance Ø 1956 Disability Insurance Ø 1965 Medicare Program Ø 1972 Supplemental
More informationThe Curse of the WEP-GPO: Why Some Clients Face Reduced Benefits or Worse. What Advisors Need to Know About These Rare But Painful Rules.
The Curse of the WEP-GPO: Why Some Clients Face Reduced Benefits or Worse. What Advisors Need to Know About These Rare But Painful Rules. The Curse of the WEP-GPO: Why Some Clients Face Reduced Benefits,
More informationSPOUSE BENEFITS TOP 10THINGS SHOULD KNOW ABOUT. A White Paper Re-Published from narfe Magazine
TOP 10THINGS SPOUSE SHOULD KNOW ABOUT BENEFITS A White Paper Re-Published from narfe Magazine National Active and Retired Federal Employees Association By Tammy Flanagan THE NEXT BEST THING to being a
More informationSocial Security fundamentals
Page 1 of 12 Guidelines for making well-informed decisions Table of contents 2 Key concept #1: Social Security will be around into the foreseeable future 3 Key concept #2: How benefits are calculated 4
More informationDiane Owens, Speaker & Consultant Step Up Your Social Security
Diane Owens, Speaker & Consultant Step Up Your Social Security Benefit rate depends on your age when you start your benefits: Early Retirement reduced based on # of months before your Full Retirement Age
More informationSecuring Your Retirement. Transforming Social Security Into a Winning Retirement Strategy
Securing Your Retirement Transforming Social Security Into a Winning Retirement Strategy Living Longer Life Expectancy Upon Retirement at Age 65 Male Age 65 50% chance of living to 87 25% chance of living
More informationYour Customized Social Security Spousal Planning Analysis
Your Customized Social Security Spousal Planning Analysis Prepared For Joe and Anne Sample June 06, 2016 Prepared By Baird Advisor Robert W. Baird & Co. 777 East Wisconsin Ave Milwaukee, WI 53202 Page
More informationYour guide to filing for Social Security
RETIREMENT INSTITUTE SM Social Security Your guide to filing for Social Security It s a choice of a lifetime. Make it count. 2 Social Security It s more than a monthly check As you approach retirement,
More informationSocial Security Basics
Savvy Social Security Planning for Boomers Orientation Series Social Security Basics By Elaine Floyd, CFP Director of Retirement and Life Planning, Horsesmouth, LLC 1 Key things to know How benefits are
More informationSocial Security 76% 1. The choice of a lifetime. Your choice on when to file could increase your annual benefit by as much as
Social Security Guide NATIONWIDE RETIREMENT INSTITUTE SM Social Security The choice of a lifetime Your choice on when to file could increase your annual benefit by as much as 76% 1 1 Nationwide as of May
More informationSocial Security 76% 1. The choice of a lifetime. Your choice on when to file could increase your annual benefit by as much as
Social Security Guide NATIONWIDE RETIREMENT INSTITUTE Social Security The choice of a lifetime Your choice on when to file could increase your annual benefit by as much as 76% 1 1 Nationwide as of May
More informationSocial Security 76% 1. The choice of a lifetime. Your choice on when to file could increase your annual benefit by as much as
Social Security Guide NATIONWIDE RETIREMENT INSTITUTE Social Security The choice of a lifetime Your choice on when to file could increase your annual benefit by as much as 76% 1 1 Nationwide as of May
More informationSOCIAL SECURITY CLAIMING STRATEGIES MAXIMIZING YOUR LIFETIME ANNUITY
SOCIAL SECURITY CLAIMING STRATEGIES MAXIMIZING YOUR LIFETIME ANNUITY Who am I? Deborah L. Petrone, CPA, Mtax, CGMA, NSSA Senior Tax Manager Apple Growth Partners dpetrone@applegrowth,com 2275 State Route
More informationUnderstanding Social Security What Every HR Professional Should Know 2018
Understanding Social Security What Every HR Professional Should Know 2018 Presented by: Charo Boyd Public Affairs Specialist Social Security How You Qualify for Benefits You need to work to earn Social
More informationSocial Security Amendment Retirement Contributions. Reduction Formulas. Examples. Social Security Earnings Limitation
Civil Service Offset Benefits Social Security Amendment 1983 Retirement Contributions Reduction Formulas Eamples Social Security Earnings Limitation Windfall Benefits Elimination Provision Government Pension
More informationSocial Security. Planning Your Retirement.
Social Security www.socialsecurity.gov Planning Your Retirement www.socialsecurity.gov Who Gets Benefits from Social Security? 57 million people 8.8 million Disabled Workers and 2.1 million Dependents
More informationSocial Security The Choice of a Lifetime. Timothy O Mara, Vice President, Nationwide Retirement Institute
Social Security The Choice of a Lifetime Timothy O Mara, Vice President, Nationwide Retirement Institute FOR BROKER/DEALER USE ONLY NOT FOR USE WITH THE GENERAL PUBLIC Important things to keep in mind
More informationSocial Security and Retirement Planning: A Hit or Myth Proposition
Social Security and Retirement Planning: A Hit or Myth Proposition Kurt Czarnowski Czarnowski Consulting: Expert Answers to Your Social Security Questions www.czarnowskiconsulting.com 1 A Foundation for
More informationSocial Security Calculator. Prepared For Tom and Jane
Social Security Calculator Prepared For Tom and Jane May 02, 2016 IMPORTANT DISCLOSURE INFORMATION IMPORTANT: The projections and other information generated by the MoneyGuidePro Social Security Calculator
More informationRetirement Rules of Thumb! Presented By: Meredith M. Ehn Advisor Participant Services Francis Investment Counsel
Retirement Rules of Thumb! Presented By: Meredith M. Ehn Advisor Participant Services Francis Investment Counsel Journey of the American Worker working/saving freedom date retirement Journey of the American
More informationEverything You Want to Know About Social Security
2015 CliftonLarsonAllen Wealth Advisors, LLC Everything You Want to Know About Social Security CliftonLarsonAllen Wealth Advisors, LLC James P. Clemensen, CFP CLAconnect.com/privateclient Table Of Contents
More informationSocial Security: With You through Life s Journey. Produced at U.S. taxpayer expense
Social Security: With You through Life s Journey Produced at U.S. taxpayer expense Topics - Working, Paying in - Taking Your Benefits? - Working & Receiving - Family Benefits Payroll (FICA) Tax 6.2 % Social
More informationIntroduction to Social Security. Learn about your Social Security benefits
Introduction to Social Security Learn about your Social Security benefits Taking the mystery out of Social Security 1 Overview 2 When can I start taking benefits? 4 How should I decide when to start taking
More informationSocial Security. The choice of a lifetime. Your choice on when to file could increase your annual benefit by as much as 76% 1
Social Security Guide NATIONWIDE RETIREMENT INSTITUTE Social Security The choice of a lifetime Your choice on when to file could increase your annual benefit by as much as 76% 1 1 Nationwide as of November
More informationThe Broken Three-Legged Stool
FPA of Michigan 2017 Annual Fall Symposium October 18, 2017 The Broken Three-Legged Stool Mary Beth Franklin, CFP Contributing Editor Investment News Mary Beth Franklin, CFP 1 Remember the old analogy
More informationFor Jack and Jill Sample. Presented by: Michael Merlob, FSA Phone:
For and Sample Presented by: Michael Merlob, FSA Phone: 954-295-254 Email: michael.merlob@foster-foster.com Important Notes This report of your Social Security benefits is based on the information you
More informationSocial Security Planning Strategies
Private Wealth Management Products & Services Social Security Planning Strategies Basic Social Security Planning Strategies One of the biggest decisions a retiree and their family will face is when to
More informationThis presentation produced at U.S. taxpayer expense.
Social Security www.socialsecurity.gov This presentation produced at U.S. taxpayer expense. History of Social Security Programs 1935 Retirement Insurance 1939 Survivors Insurance 1956 Disability Insurance
More informationRetirement Myth Busting
Presented by: Retirement Myth Busting Fact or Fiction Tammy Flanagan Senior Benefits Director National Institute of Transition Planning, Inc. tflanagan@tammyflanagan.com I will never be able to retire
More informationSocial Security. History of Social Security Programs. Other Programs.
Social Security www.socialsecurity.gov This presentation produced at U.S. taxpayer expense. History of Social Security Programs 1935 Retirement Insurance 1939 Survivors Insurance 1956 Disability Insurance
More informationSOCIAL SECURITY YOU R OV E RV I EW OF ADR
YOU R 2 0 1 8 OV E RV I EW OF This booklet is being provided as a supplement to the Social Security and insurance sales presentation titled Strategies to Potentially Increase Your Social Security Benefits.
More informationYour Customized Social Security Spousal Planning Analysis
Your Customized Social Security Spousal Planning Analysis Prepared For John and Mary Boomer September 29, 2015 Prepared By Steven Van Metre Steven Van Metre Financial 5901 Sundale Ave Ste B Bakersfield
More information2011, 2012 Gryphon Financial & Insurance Services, Inc. All rights reserved. Ver. 1 (8/11)
1 Advisor: Add information here about you (for example): Name Designation(s) License Number(s) Office Address Tel/Fax Number(s) Email address Website Etc. 2 The information contained in this presentation
More informationSpeeding the Retirement Journey
Speeding the Retirement Journey A NARFE Federal Benefits Institute Webinar Presented by Tammy Flanagan 1 Office of Personnel Management (OPM) 2016 Inspector General Report OPM is not responding to written
More informationSOCIAL SECURITY INFORMATION Annual Delegates Meeting
SOCIAL SECURITY INFORMATION 2017 Annual Delegates Meeting IN THE BEGINNING The Social Security Act was signed into law on August 14, 1935. Taxes were collected for the first time in January 1937 and the
More informationHow to Maximize Social Security Benefits
NAIFA Nebraska Statewide CE Credit Day March 14, 2018 How to Maximize Social Security Benefits Mary Beth Franklin, CFP Contributing Editor Investment News MBF01 MBF02 Remember the old analogy for the three
More information2018 UPDATED EDITION: Social Security Cheat Sheet
2018 UPDATED EDITION: Social Security Cheat Sheet Visit Us Online: www.retirementyou.com At Retirement You, we believe in Motivation Through Education. Because knowledge is power, but only if you use
More informationPlanning for the Future: What Women Need to Know About Social Security September 7, 2011
Planning for the Future: What Women Need to Know About Social Security September 7, 2011 Speakers for this Session Maria Freese Director of Government Relations and Policy, National Committee to Preserve
More informationYour Customized Social Security Analysis. Joe and Mary Sample 9/1/2013. Baird Advisor Robert W. Baird & Co (800)
Your Customized Social Security Analysis Joe and Mary Sample 9/1/ Baird Advisor Robert W. Baird & Co (800) 800-1234 This report shows the Social Security income stream you can expect to receive under differing
More informationA Guide to Social Security: Know your options, maximize your benefits
A Guide to Social Security: Know your options, maximize your benefits Content provided by Nuveen. Nuveen, LLC, formerly known as TIAA Global Asset Management, delivers the expertise of TIAA Investments
More informationSocial Security and Your Retirement
Social Security and Your Retirement January 2013 ACI-1111-3702 American Century Investment Services, Inc. Distributor 2013 American Century Investments Proprietary Holdings, Inc. All rights reserved. Social
More informationPLANNING FOR RETIREMENT, PART II:
January 28, 2014 PLANNING FOR RETIREMENT, PART II: MAKING THE MOST OF YOUR RETIREMENT INCOME P R E S E N T E R S : AMY MATSUI N A T I O N A L W O M E N S L A W C E N T E R JOAN ENTMACHER N A T I O N A
More informationHELPING TO MAKE THE MOST OUT OF YOUR SOCIAL SECURITY
HELPING TO MAKE THE MOST OUT OF YOUR SOCIAL SECURITY * Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Adviser. Social Security
More informationSavvy Social Security Planning: What baby boomers need to know to maximize retirement income. Copyright 2015 Horsesmouth, LLC. All Rights Reserved.
Savvy Social Security Planning: What baby boomers need to know to maximize retirement income Copyright 2015 Horsesmouth, LLC. All Rights Reserved. 1 Baby Boomers Want to Know: Will Social Security be there
More informationSOCIAL SECURITY YOUR 2016 OVERVIEW OF
This booklet is being provided as a supplement to the Social Security and insurance sales presentation titled Strategies to Potentially Increase Your Social Security Benefi ts. It is intended as an overview
More informationMAXIMIZING YOUR SOCIAL SECURITY RETIREMENT BENEFITS
MAXIMIZING YOUR SOCIAL SECURITY RETIREMENT BENEFITS The information contained herein has been obtained from sources considered reliable, but we do not guarantee that the foregoing is accurate or complete.
More informationWhen Should I Take Social Security?
When Should I Take Social Security? Presentations By: Virginia Reno National Academy of Social Insurance May 14, 2014 Joan Entmacher National Women s Law Center Leticia Miranda National Council of La Raza
More informationNebraska Wealth Management Conference Omaha October 18, Social Security: Long-term Prognosis/Retirement Planning
Nebraska Wealth Management Conference Omaha October 18, 2016 Social Security: Long-term Prognosis/Retirement Planning Mary Beth Franklin, CFP Contributing Editor Investment News MBF01 Social Security:
More informationSocial Security: The Government Pension Offset (GPO)
Social Security: The Government Pension Offset (GPO) Gary Sidor Information Research Specialist April 23, 2014 The House Ways and Means Committee is making available this version of this Congressional
More informationKenny Oguejiofor Public Affairs Specialist
Kenny Oguejiofor Public Affairs Specialist How you Qualify Factors to consider when deciding the right time to file Life Expectancy Early Vs. Delaying RETIREMENT BENEFITS How Do You Qualify for Retirement
More informationSocial Security Planning
Stephanie E. Doyle Investment Management Stephanie Doyle Investment Advisor 14111 Bloomingdale Manor Cypress, TX 77429 713-447-5319 investmentmgmt@entouch.net investmentmgt.net Social Security Planning
More informationImportant things to keep in mind
Important things to keep in mind Not a deposit Not FDIC or NCUSIF insured Not guaranteed by the institution Not insured by any federal government agency May lose value The content of this presentation
More informationUNDERSTANDING SOCIAL SECURITY RETIREMENT BENEFITS
UNDERSTANDING SOCIAL SECURITY RETIREMENT CONTENTS Individual Collection Decision... 3 Qualifying For Benefits... 3 Collecting Benefits...3-5 } At Full Retirement Age } Earlier } Earlier While Working }
More informationSocial Security - Retire Ready
H.Haller Financial Howard Haller, CFP 28 West Bridge Street Saugerties, NY 12477 845-246-1618 fritz@hhallerfinancial.com www.hhallerfinancial.com Social Security - Retire Ready 2/26/2014 Page 1 of 16,
More informationSocial Security Analysis And Strategy
1 Social Security Analysis And Strategy 617 Misty Isle Place Raleigh, NC 27615 Prepared for Fred Flintstone and Wilma Flintstone Prepared on August 23, 2016 2 Key Assumptions about This Report As you review
More informationWhat Public Employees Should Know About Social Security & Medicare
What Public Employees Should Know About Social Security & Medicare Agenda my Social Security account Overview of benefits Social Security benefits while working How government pensions affect Social Security
More informationSocial Security for UNY Human Resources
Social Security for UNY Human Resources A Foundation for Planning Your Future A Foundation for Planning Your Future Who Gets Benefits from Social Security? Who Gets Benefits from Social Security? 51 million
More informationSocial Security and Your Pension
Social Security and Your Pension Insurance and More Seminar Monday, August 17, 2009 Presenters Paul Cordes, Assistant District Manager Barb Harrod, Technical Expert Joliet, Illinois 1 What we will cover
More informationHow to Maximize Social Security Benefits Now
MERS of Michigan 2018 Retirement Conference October 5, 2018 How to Maximize Social Security Benefits Now Mary Beth Franklin, CFP Contributing Editor Investment News MBF01 For most retirees, Social Security
More informationToday s agenda. Social Security the choice of a lifetime. Social Security basics. Managing the discussion
Today s agenda Social Security the choice of a lifetime Social Security basics Managing the discussion 2 Social Security The choice of a lifetime 3 Most file at the earliest possible time New Social Security
More informationSocial Security: With You Through Life s Journey. Produced at U.S. taxpayer expense
Social Security: With You Through Life s Journey Produced at U.S. taxpayer expense We re With You From Day One Most Popular Baby Names A fun by-product of assigning Social Security numbers at birth is
More informationSavvy Social Security Planning: What baby boomers need to know to maximize retirement income
Savvy Social Security Planning: What baby boomers need to know to maximize retirement income NOT FDIC-INSURED l MAY LOSE VALUE l NO BANK GUARANTEE Copyright 2016 Horsesmouth, LLC. All Rights Reserved.
More informationUnderstanding Social Security and Medicare
Understanding Social Security and Medicare How these programs fit into your retirement strategies Allianz Life Insurance Company of New York Allianz Life Insurance Company of North America ENT-1520-N Social
More information6 Social Security Facts Your 65-Year-Old Self Wishes You Knew Right Now
6 Social Security Facts Your 65-Year-Old Self Wishes You Knew Right Now 1 6 Social Security Facts Your 65-Year-Old Self Wishes You Knew Right Now Introduction Social Security provides an important source
More informationHelping to Secure Your Clients Retirement Transforming Social Security Into a Winning Retirement Strategy
Helping to Secure Your Clients Retirement Transforming Social Security Into a Winning Retirement Strategy FOR FINANCIAL PROFESSIONAL USE ONLY. Not to be shown or distributed to clients. Living Longer Life
More informationSocial Security Comes First The many facets of Social Security Traditionally, retirement has been seen as a three-legged stool with defined benefit pl
Principal Funds What You May Not Know About Social Security Retirement Benefits Executive Summary What s Inside 1 Social Security Comes First 3 Bridging the Knowledge Gap 6 Planning Basics 10 Strategies
More informationSOCIAL SECURITY? WHAT CAN YOU EXPECT FROM. Retirement. Safety Net. Security. Future Shortfalls. Retirement. Income. The Story Behind America s
WHAT CAN YOU EXPECT FROM SOCIAL SECURITY? The Story Behind America s Retirement Safety Net How Social Security Works Today Future Shortfalls Are Easy to Foresee Time to Get Serious About Your Own Retirement
More informationemployee Benefit Advisors, Inc.
SURVIVOR BENEFIT PLAN-SBP SURVIVORS of ACTIVE EMPLOYEES, CSRS GENERAL ELIGIBILITY REQUIREMENTS Your widow(er) may qualify for a civil service survivor annuity if your death occurs: While you are employed
More informationSOCIAL SECURITY. 6 Critical Social Security Facts Retirees Must Know
SOCIAL SECURITY 7/26/201 6 6 Critical Social Security Facts Retirees Must Know Social Security provides an important source of guaranteed income for most Americans. Choosing the right claiming strategy
More informationRetirement and Social Security
Life Guide The Social Security Administration estimates that 96% of American workers are covered by Social Security. For most of them, their monthly Social Security check will form an important part of
More informationHealth Care and Long-Term Care Study, a consumer study of U.S. adults ages 50 and up, Nationwide/Harris Poll Survey (November 2016).
1 Health Care and Long-Term Care Study, a consumer study of U.S. adults ages 50 and up, Nationwide/Harris Poll Survey (November 2016). 1 Important things to keep in mind Not a deposit Not FDIC or NCUSIF
More informationYour Social Security Timing Report. Prepared for: Mr. & Mrs. Sample. Prepared by: Leverage Your Social Security
Your Social Security Timing Report Prepared for: Mr. & Sample Prepared by: Leverage Your Social Security On: Friday, November 6, 2015 1 Assumptions High Wage Earner Spouse Name Mr. Date of Birth 1/5/1950
More information2018 Social Security Reference Guide
2018 Social Security Reference Guide TABLE OF CONTENTS Important Ages... 1 Full Retirement Age (FRA)... 1 Milestone Ages... 1 Retirement Benefits... 2 Requirements to Qualify for Social Security Retirement
More informationSocial Security Planning Strategies
Private Wealth Management Products & Services Social Security Planning Strategies Social Security Planning Considerations One of the biggest decisions a retiree and their family will face is when to start
More informationRetirement Planning Today for Tomorrow s Future
Retirement Planning Today for Tomorrow s Future 2018 Presented by: Donna Maitland District Manager Social Security Administration How You Qualify For Social Security Retirement Factors To Consider When
More informationHelping to Maximize the Civil Service Retirement System (CSRS) Benefits
Helping to Maximize the Civil Service Retirement System (CSRS) Benefits Michael Nakashima Financial Planner & Chartered Federal Employee Benefits Consultant www.innovatefinancial.com Disclaimer Michael
More informationSocial Security Information NYSTRS Delegate Meeting November 4, 2018
Social Security Information 2018 NYSTRS Delegate Meeting November 4, 2018 A Brief History of Social Security Funding Benefit Calculation Retirement Age Reduced Benefits Spousal Benefits Survivor Benefits
More informationSocial Security 101 1
Social Security 101 1 Thinking of Retiring? It is a personal decision Decide what is the right age Working after retirement? Medicare considerations Use tools on SSA s website to help you make an informed
More informationSocial Security Administration (SSA) Offsets
Social Security Administration (SSA) Offsets February 16, 2017 Friendly reminders This presentation contains general information. It is meant to be used as a guide during the webinar. All participants
More informationInvestor Guide. Getting the Most from Social Security
Investor Guide Getting the Most from Social Security 73% of those receiving retirement benefits today are collecting a reduced amount. Source: Social Security Administration Annual Statistics Supplement,
More informationNote: The material in this publication is based on the law in effect at the time it went to publication.
Note: The material in this publication is based on the law in effect at the time it went to publication. Under the Balanced Budget Act of 1997, Public Law 105-33, for fiscal year 1998, employee retirement
More informationSocial Security: With You Through Life s Journey
Social Security: With You Through Life s Journey Produced at U.S. taxpayer expense We re With You From Day One We re With You When You Start Work We re There For Your Wedding We re With You If The Unexpected
More informationCRS Report for Congress Received through the CRS Web
Order Code RL30631 CRS Report for Congress Received through the CRS Web Retirement Benefits for Members of Congress July 31, 2000 Patrick Purcell Specialist in Social Legislation Domestic Social Policy
More informationBenefits Presented by: Kelli Send Principal Senior Vice President Participant Services Francis Investment Counsel LLC
Maximizing Social Maximizing Security Benefits Social Security Benefits Presented by: Kelli Send Principal Senior Vice President Participant Services Francis Investment Counsel LLC What we will cover today
More information