Social Security 101 1
|
|
- Muriel Avis Walsh
- 6 years ago
- Views:
Transcription
1 Social Security 101 1
2 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 decision 2
3 my Social Security Your Online Account... Your Control... my my Social Security is an easy-to-access, easy-to-use portal to view and update some of your own Social Security information. 3
4 my Social Security Services If you don t get benefits, you can View, save, and print your online Social Security Statement. If you do get benefits you can Get your benefit verification letter; Check your benefit and payment information and your earnings record; Change your address and phone number; and Start or change your direct deposit. 4
5 How Do You Qualify for Retirement Benefits? You need to work to earn Social Security credits Each $ 1,300 in earnings gives you one credit Max. of 4 credits per year Must have 40 Credits (10 years of work) to receive a monthly benefit Based on Highest 35 years of work To earn 4 credits in 2017, you must earn at least $ 5,200 gross at any point in the year.. 6
6 Full Retirement Age Year of Birth Full Retirement Age 1937 or earlier & 2 months & 4 months & 6 months & 8 months & 10 months & 2 months & 4 months & 6 months & 8 months & 10 months 1960 or later 67 7
7 Your Age At The Time You Elect Retirement Benefits Affects the Amount For example, if you were born from 1943 through 1954: Age 62 Age 66 Age 70 75% of benefit 100% of benefit 132% of benefit 8
8 Use the Retirement Estimator Convenient, secure, and quick financial planning tool Immediate and accurate benefit estimates Lets you create What if scenarios based on different ages and earnings 9
9 In Addition to the Retiree, Who Else Can Get Benefits? Your Child Biological or Adopted Child not married and under 18 or under 19 if in high school Not married and disabled before the age of 22 Your Spouse Age 62 or older with little or no work history At any age, if caring for a child under age 16 or disabled 10
10 Spouse s Benefit Computation Benefit is up to 50% of worker s benefit Receive 50% if spouse is full retirement age Reduction for early retirement Example: Age 62-35% The worker must be receiving benefits Does not reduce payment to worker If spouse s own benefit is less than 50% of the worker s, the benefits are combined 11
11 In Addition to the Retiree, Who Else Can Get Benefits? Divorced Spouse Criteria Marriage lasted at least 10 years Age 62 or older and unmarried Divorced at least two years. Ex-spouse must be at least age 62 Ex-spouse does not have to receive benefits. Ex-spouse s benefit amount has no effect on the amount you or your current spouse can get If own benefit is less than 50% of the worker s, the benefits are combined 12
12 Examples of Spouse s Benefits Ricky receives $1200 a mo. Lucy files for benefits, she is entitled to $1000 a mo. Lucy would not qualify for spousal benefits because her amount is more than half of his. She can provide for her needs through her benefit amount. Lucy is not dependent on Ricky s benefit. Edith files for benefits, eligible for $1800 a mo. Her husband, Archie is already receiving $ a mo. Archie will receive $ from his record and an additional $ from Edith s record. Note: Archie cannot receive the extra $300 until Edith files for benefits. 13
13 Who Can Get Survivors Benefits? Your Child if: Not married under age 18 or 19 if in high school Not married and disabled before age 22 Widow or Widower: Reduced benefits at age 60 Full benefits at full retirement age At any age if caring for child under 16 or disabled Divorced widows/widowers may qualify 14
14 Widow or Widower Benefit Computation At age 60, 71.5% of deceased worker s unreduced benefit At Full Retirement Age, 100% of deceased worker s benefit Reduced widow/widower benefits at age 60, then switch to own record at age 62 or older Full benefits to both widow or widower and divorced widow or widower 15
15 You Can Work & Still Receive Benefits You Can If You Make More, If You Are Make Up To Some Benefits Will Be Withheld Under Full Retirement Age $ 16,920/yr. ( $ 1,410/mo.) $ 1 for every $ 2 The Year Full Retirement Age is Reached $ 44,880/yr. ( $ 3,790/mo.) $ 1 for every $ 3 Month of Full Retirement Age and Above No Limit No Limit Note: If some of your retirement benefits are withheld because of your earnings, your benefits will be increased starting at your full retirement age to take into account those months in which benefits were withheld. 16
16 How Do I Apply for Retirement Benefits? Earliest point to contact SSA is 3 months. Apply online at Why Online? Safe, Secure and Fast It is the most convenient way to apply! If you are not online, you are waiting in line. Call Social Security to schedule an appointment ; or Apply at your local Social Security office. 17
17 Applying for Retirement Benefits 18
18 19
19 Payment Delivery Day No partial month benefits (for age 62 must be born 1st or 2nd day of the month) Benefits paid the month following the month they are due. (June s payment issued in July) Pay date based on day of workers birth: 1st through 10th - 2nd Wednesday 11th through 20th - 3rd Wednesday 21st through 31st - 4th Wednesday If drawing benefits before June 1, 1997 paid on 3rd day of the month. 20
20 Medicare 21
21 When Can I Get Medicare? 65 & older 24 months after entitlement to Social Security disability benefits Amyotrophic Lateral Sclerosis Permanent kidney failure and receive maintenance dialysis or a kidney transplant -or- -or- -or- -or- Exposure to Environmental Health Hazards (New Legislation) 22
22 Don t Forget about Medicare Medicare Part A: Inpatient- No Premium Medicare Part B: Outpatient- $134 mo. (2017) Medicare Part D: Prescription Drugs (Avg. $35) Note: SSA is not involved with Part C plans: Medicare Supplement, Advantage Plans, etc. Contact Georgia Cares for assistance: or mygeorgiacares.org 23
23 Don t Forget about Medicare If receiving cash benefits before age 65, automatically enrolled into Medicare Part A and Part B. Premiums are deducted from benefit. If still working at age 65 and covered by health insurance from current employer or spouse s employer, apply for the Medicare Part A only. Check with HR first. Once you or spouse, stop working, have 8 months to contact Social Security to enroll into Medicare Part B. Failure to do so could result in a 10% penalty for each year you fail to enroll into Part B. If not working at 65 and not covered under spouse s employer s health insurance and waiting to start cash benefits after age 65, contact Social Security 3 months before 65 to apply for Medicare only. Will pay Medicare directly until cash benefits start. 24
24 Example of a Medicare Card 25
25 For More Medicare Information MEDICARE ( ) TTY
26 Visit Our Website or Call! -or TTY
Social 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.
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.
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 informationSocial Security. Russ Russell District Manager Lexington Kentucky.
Social Security Russ Russell District Manager Lexington Kentucky www.socialsecurity.gov Save for a Secure Future Social Security is the foundation for a secure retirement, but you also will need other
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 informationVonda VanTil Public Affairs Specialist
Vonda VanTil Public Affairs Specialist How you Qualify Factors to consider when deciding the right time to file RETIREMENT BENEFITS How Do You Qualify for Retirement Benefits? You need to work to earn
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 informationHow Do You Qualify for Retirement Benefits?
1 How Do You Qualify for Retirement Benefits? You need to work to earn Social Security credits Each $ 1,160 in earnings gives you one credit You can earn a maximum of 4 credits per year Example: To earn
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.
Social Security www.socialsecurity.gov Who Gets Benefits from Social Security? 57 million people 2 A Foundation for Planning Your Future 3 The Social Security Statement The Statement provides you with
More informationSocial Security. Thank You to Our Presenting Sponsor Healthy Living Conference for Seniors & Caregivers. Social Security Administration 1
Thank You to Our Presenting Sponsor Social Security www.socialsecurity.gov A Foundation for Planning Your Future OTHER INCOME SAVINGS & INVESTMENTS PENSION SOCIAL SECURITY 3 Social Security Administration
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 informationThinking of Retiring?
Understanding Social Security 2017 Presented by: Charo Boyd Public Affairs Specialist Social Security Making the Right Decision Thinking of Retiring? Deciding what is the right age to retire Early vs.
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 information1939 Survivors Insurance Medicare Supplemental Security Income Disability. A Foundation for Planning Your Future
1 A Foundation for Planning Your Future 2 Social Security s Programs 1935 Retirement Insurance 1939 Survivors Insurance 1956 Disability 1965 Medicare 1972 Supplemental Security Income 3 Who Gets Benefits
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 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 informationA Foundation for Planning Your Future
1 A Foundation for Planning Your Future 4 Save for a Secure Future Social Security is the foundation for a comfortable retirement, but you also will need other savings and investments. If you want to learn
More informationSocial Security. A Foundation for Planning Your Future. How Do You Qualify for Retirement Benefits?
Social Security Russ Russell District Manager Lexington Kentucky www.socialsecurity.gov A Foundation for Planning Your Future OTHER INCOME SAVINGS & INVESTMENTS PENSION SOCIAL SECURITY 2 How Do You Qualify
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. Minnesota Family Support & Recovery Council
Social Security www.socialsecurity.gov Minnesota Family Support & Recovery Council September 30, 2014 Social Security MFSRC What s the difference between Social Security and SSI? Who is eligible and what
More informationHistory - Social Security s Programs
1 Presentation Social Security History Social Security Benefits and Eligibility Windfall Elimination program and Government Pension offset Medicare and enrollment periods Online Services 1 2 2 History
More informationA University of Hawai'i Cooperative Extension Service Project.
A University of Hawai'i Cooperative Extension Service Project www.ctahr.hawaii.edu/tcym Increase your knowledge about Course Objectives financial planning Improve your ability to make informed decisions
More informationSocial Security: With You Through Life s Journey
Social Security: With You Through Life s Journey Produced at U.S. taxpayer expense Social Security Beneficiaries SSI 5.5 million Both 2.7 million Social Security 58.8 million 67 Million 1 Year of Birth
More informationMTSU Social Security: With You Through Life s Journey
MTSU Social Security: With You Through Life s Journey Produced at U.S. taxpayer expense History of Social Security Programs 1935 Retirement Insurance 1939 Survivors Insurance 1956 Disability Insurance
More informationSocial Security: Retirement Planning Today for Tomorrow s Future
Social Security: Retirement Planning Today for Tomorrow s Future Presented by: Jennifer L. Moore Social Security Claims Specialist Produced at U.S. taxpayer expense Thinking of Retiring? # 1 Concern: Making
More informationWho Receives Benefits from Social Security?
2017 Who Receives Benefits from Social Security? More than 60 Million People 8.9 million Disabled Workers, 1.9 million Dependents 4.4 million Widows/ Widowers 1.9 million Children 40 million Retired Workers
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 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 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 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: 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 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 1. We re with you when you start work. We re with you for your wedding. We re With You If The
More informationSocial Security 101 for CPAs: Updates and Essentials
Social Security 101 for CPAs: Updates and Essentials Theresa Busher Social Security Public Affairs Specialist theresa.busher@ssa.gov 866-964-4267 x33308 AGENDA Contacting Social Security and the mysocialsecurity
More informationRetirement Benefits. SocialSecurity.gov
2017 Retirement Benefits SocialSecurity.gov What s inside Social Security and your retirement plan 1 Your retirement benefits 1 Family benefits 6 What you need to know when you re eligible for retirement
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 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 informationUnderstanding the Benefits
Understanding the Benefits 2016 What s inside Contacting Social Security...3 Social Security: a simple concept....4 What you need to know about Social Security while you re working....7 What you need to
More informationUnderstanding The Benefits
Understanding The Benefits 2012 Contacting Social Security Visit our website Our website, www.socialsecurity.gov, is a valuable resource for information about all of Social Security s programs. At our
More informationUnderstanding the Benefits
2017 Understanding the Benefits SocialSecurity.gov What s inside Social Security: a simple concept 1 What you need to know about Social Security while you re working 4 What you need to know about benefits
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: With You Through Life s Journey
Social Security: With You Through Life s Journey Takeya L. Haugabook, Public Affairs Specialist Produced at U.S. taxpayer expense Visit and share: youtube.com/socialsecurity History of 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 A Foundation For Planning Your Future Workers need to build on the foundation by supplementing Social Security with pensions,
More informationSocial Security, Medicare and Disability. Debra Wood, MS, CFP Certified SHICK Counselor Central Kansas District Extension Agent
Social Security, Medicare and Disability Debra Wood, MS, CFP Certified SHICK Counselor Central Kansas District Extension Agent Social Security and Medicare Tax deducted from paycheck: Social Security (Old
More informationSocial Security: America s Most Successful Social Program
Social Security: America s Most Successful Social Program 56% of the aged receiving Social Security are women More than 204 million workers and their families are protected by Social Security Almost every
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 informationPLANNING YOUR RETIREMENT. Mariana Gitomer Public Affairs Specialist
PLANNING YOUR RETIREMENT Mariana Gitomer Public Affairs Specialist Social Security Programs 1935 Retirement Insurance 1939 Survivors Insurance 1956 Disability Insurance 1965 Medicare 1972 Supplemental
More informationLife is Full of Important Choices
* Life is Full of Important Choices Let us help you make the right choice for your 2018 Medicare insurance. Your Guide to Medicare Supplement Insurance from Blue Cross and Blue Shield of Texas, a Division
More informationFPANJ and Social Security: Planning Together. Produced at U.S. taxpayer expense
FPANJ and Social Security: Planning Together April 2018 Produced at U.S. taxpayer expense We re with you from Day 1. We re with you when you start work. We re with you for your wedding. We re With You
More informationDiane Owens, Speaker & Consultant, Step Up Your Social Security
Diane Owens, Speaker & Consultant, Step Up Your Social Security How Age Affects Benefits Benefits Based on Lifetime Earnings If You Work & Get Benefits Spouse s and Widow s Options Don t Forget Medicare
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 informationRecent Developments. Social Security & Medicare Updates for Financial Advisors. Agenda
Social Security & Medicare Updates for Financial Advisors Sue Denny Cincinnati Public Affairs Specialist susan.denny@ssa.gov 1 866 593 1519 ext. 10856 513 684 2688 (fax) Agenda Recent Developments my Social
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 Through Life s Journey We re With You From Day One Most Popular Baby Names A fun by-product of assigning
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 informationSOCIAL SECURITY Financial Literacy GUIDE
SOCIAL SECURITY Financial Literacy GUIDE A guide to the most important financial decision you ll likely make Carl Robinson & David Vinokurov 1 Outline Where does Social Security fit into my overall Financial
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 informationUnderstanding Medicare Enrollment Periods
TIP SHEET Understanding Medicare Enrollment Periods Revised February 2011 Knowing when you can get Medicare can sometimes be confusing. This tip sheet is designed to help you learn more about enrollment
More informationLearn about your Social Security benefits. Investor education
Learn about your Social Security benefits Investor education The role Social Security plays in your retirement Whether you re approaching retirement or you ve already retired, you and your financial advisor
More informationMedicare. Where do I find information on Medicare Benefits?
Medicare Where do I find information on Medicare Benefits? Although Social Security determines entitlement to Medicare benefits, the Medicare program is administered by a different agency, the Centers
More informationSurvivors Benefits. SocialSecurity.gov
2017 Survivors Benefits SocialSecurity.gov What s inside The importance of Social Security survivors insurance 1 If you re working...what you need to know about survivors benefits 1 When a relative dies...what
More informationSocial Security & Medicare: Everything You Didn t Know to Ask
Social Security & Medicare: Everything You Didn t Know to Ask This material is not intended to replace the advice of a qualified attorney, tax advisor, investment professional, or insurance agent. Before
More informationSocial Security: Allianz Life Insurance Company of North America Allianz Life Insurance Company of New York. Change Creates Opportunities
Allianz Life Insurance Company of North America Allianz Life Insurance Company of New York Social Security: Change Creates Opportunities Presented by Randy Kitzmiller RVP, Annuities Ash Brokerage ENT-843-N
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 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 informationSocial Security, Medicare and. Working Past 65. benefits magazine march 2017 MAGAZINE
Social Security, Medicare and Working Past 65 MAGAZINE Reproduced with permission from Benefits Magazine, Volume 54, No. 3, March 2017, pages 34-39, published by the International Foundation of Employee
More informationKCTCS RETIREMENT GUIDE 2008 For Employees in the KCTCS Personnel System
KCTCS RETIREMENT GUIDE 2008 For Employees in the KCTCS Personnel System 1 Table of Contents Introduction. page 3 Retirement Eligibility KCTCS Employee Participating in 403(b) Retirement Plans. page 5 What
More informationUnderstanding Social Security
Understanding Social Security Guide for Advisors A Look at the Big Picture For Financial Professional Use Only. Not for Use With Consumers. Is Your Clients Picture of Retirement Incomplete? Building retirement
More informationabacus planning group
abacus planning group smart financial decisions Social Security Claiming Strategies Kirkland Watson Financial Summit Tuesday, November 15, 2011 X. Alexandra Chastain, CFP, Susan Amick McCants, CFP and
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 informationPlanning for Social Security
Weller Group LLC Timothy Weller, CFP CERTIFIED FINANCIAL PLANNER 6206 Slocum Road Ontario, NY 14519 315-524-8000 tim@wellergroupllc.com www.wellergroupllc.com Planning for Social Security March 06, 2016
More informationSavvy Social Security Planning:
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 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 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 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 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 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 Copyright 2017 Horsesmouth, LLC. All Rights Reserved. 1 Baby boomers want to know: Will Social Security be there
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 informationU.S. Railroad Retirement Board MEDICARE. For Railroad Workers and Their Families
U.S. Railroad Retirement Board www.rrb.gov MEDICARE For Railroad Workers and Their Families U.S. Railroad Retirement Board Mission Statement The Railroad Retirement Board s mission is to administer retirement/survivor
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 informationSUMMARY OF MEDICAL BENEFITS FOR OFFICIAL GVSU RETIREES. For Faculty and Staff Members Hired Prior to January 1, 2014
SUMMARY OF MEDICAL BENEFITS FOR OFFICIAL GVSU RETIREES For Faculty and Staff Members Hired Prior to January 1, 2014 2018 Medical Coverage An Official Retiree is a benefit eligible faculty/staff member
More informationPlanning for Social Security
Center for Wealth Management Susan A. Myers, CPA, CFP, CLTC Robert J. Moore Justin M. Williamson 755 W. Big Beaver Rd, Ste 600 Troy, MI 48084 248-680-0490 smyers1@metlife.com www.center4wealthmgmt.com
More informationSavvy Social Security Planning:
Savvy Social Security Planning: What Baby Boomers Need to Know to Maximize Retirement Income Copyright 2017 Horsesmouth, LLC. All Rights Reserved. 1 Baby boomers want to know: Will Social Security be there
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 informationFOR OFFICIAL AGENCY USE ONLY
FOR OFFICIAL AGENCY USE ONLY SOCIAL SECURITY: JUNE 2017 In 2017, nearly 62 million Americans will receive approximately $955 billion in Social Security benefits. 4. 8 million Dependents $2.6 billion 6
More informationWelcome to Kaiser Permanente Presenting Medicare 101 and Kaiser Permanente Senior Advantage (HMO)
Welcome to Kaiser Permanente Presenting Medicare 101 and Kaiser Permanente Senior Advantage (HMO) San Diego City Employees Retirement System Nancy Voltero Retiree Consultant October 12, 2016 2 Basics of
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 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 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 informationWhat is the status of Social Security? When should you draw benefits? How a Job Impacts Benefits... 8
TABLE OF CONTENTS Executive Summary... 2 What is the status of Social Security?... 3 When should you draw benefits?... 4 How do spousal benefits work? Plan for Surviving Spouse... 5 File and Suspend...
More informationMedicare Overview. Employee Benefits Handout
Employee Benefits Handout Defense Civilian Personnel Advisory Services (DCPAS) Benefits, Wage & Non-Appropriated Funds Line of Business Benefits & Work Life Programs Division 4800 Mark Center Drive, Suite
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 Retirement Benefits
Financial Advisor Social Security Retirement Benefits Page 1 of 5, see disclaimer on final page Social Security Retirement Benefits Social Security was originally intended to provide older Americans with
More informationMedicare consists of: Hospital insurance (Part A) Medical insurance (Part B) Medicare Advantage (Part C) Prescription drug plan (Part D)
Medicare Understanding the program s complexities The federal government administers the Medicare insurance program to help seniors afford health care. To fully benefit from the program, you need a grasp
More informationMedicare Premiums: Rules For Higher-Income Beneficiaries
Medicare Premiums: Rules For Higher-Income Beneficiaries 2016 What s Inside Contacting Social Security...3 Rules for higher-income beneficiaries...4 How does this affect me?....4 How does Social Security
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 informationWelcome. Medicare 101 Educational Seminar
Welcome Medicare 101 Educational Seminar 2 Basics of Medicare What Is Medicare? Medicare is a federally funded health insurance program. It includes Part A and Part B (known as Original Medicare). Medicare
More informationApply Online for Extra Help With Medicare Prescription Drug Costs
2017 Apply Online for Extra Help With Medicare Prescription Drug Costs SocialSecurity.gov What is Extra Help with Medicare prescription drug plan costs? Anyone who has Medicare can get Medicare prescription
More informationYOUR FIELD GUIDE TO SOCIAL SECURITY
YOUR FIELD GUIDE TO SOCIAL SECURITY Are Not FDIC Insured Are Not Insured by Any Federal Government Agency May Lose Value Are Not Deposits Are Not Bank Guaranteed Are Not a Condition to Any Banking Service
More informationYOUR FIELD GUIDE TO SOCIAL SECURITY
YOUR FIELD GUIDE TO SOCIAL SECURITY Are Not FDIC Insured Are Not Insured by Any Federal Government Agency May Lose Value Are Not Deposits Are Not Bank Guaranteed Are Not a Condition to Any Banking Service
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 information