What happens if you die while you are still in the DROP ? Who are the Beneficiaries for your Lump Sum Money ? There are specific FRS DROP Beneficiary Forms that need to be completed, in writing, and then filed with FRS. Have you done this ? Have you confirmed...
You may need to pay Income Taxes on a portion of your Social Security benefits, based on your Income. But knowing the Rules can help you minimize your Income Taxes as much as The Law allows. Don’t needlessly over-pay your Income Taxes ! Whether or not your Social...
Estimated cost for Health Care after age 65 ? Try $285,000 per couple in Assets needed in 2020. It is estimated that the average couple will need $285,000 in today’s dollars for Medical Expenses in Retirement. That $ 285,000 does not even include Long Term...
The Health Insurance Subsidy (HIS) is a monthly supplemental payment that helps to offset the cost of the member’s health insurance premiums. Eligible retirees or beneficiaries will receive a monthly HIS benefit equal to $5 per month for each year of FRS Pension Plan...
Whether you quit on your own accord, are fired, or laid off, leaving a job can be hectic. In the midst of the transition, dealing with a retirement account might get pushed pretty low on your To-Do list. While the money you contributed is yours forever, accounts can...
What does Retirement look like in Our Lifetime ? • Living Longer According to Stanford University … This generation of Retirees needs to plan for possibly living 30 Years in Retirement. That’s Us. THIRTY Years in Retirement ? ! I am age 61. I guess that makes me...
