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Pros and Cons of the Military's Survivor Benefit Plan (SBP) Annuity
 
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Mitchell Hockenbury explains in plain English what many don't understand: the Pros and Cons of the Military's Survivor Benefit Plan (SBP) Annuity. Deciding to enroll in the SBP is a huge first decision once you retire. Make sure you know these pros and cons. Additional resources available at htttps://www.PersonalFinanceMadeCLear.com
Просмотров: 393 Personal Finance Made Clear
Military Retirement - Survivor Benefit Plan Explained
 
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Military Survivor Benefit Plan should NOT be overlooked. The vast majority of retirees will benefit from enrolling in SPB. I explain why in this episode. https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/ https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/SBP-Worksheet/ ================================= GET ALL MY LATEST BLOGPOSTS: https://heritagewealthplanning.com If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the vide to others who may be interested in the content. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1 Contact me: Josh@heritagewealthplanning.com GET MY BOOKS: Both are FREE to Kindle Unlimited Subscribers! The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It https://amzn.to/2LHwQpt Strategic Money Planning: 8 Easy Ways To Put Your House In Order https://amzn.to/2wKGi50 PODCAST: https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2 http://heritagewealthplanning.com/category/podcasts/ LET'S SOCIALIZE! Facebook: http://Facebook.com/heritagewealthplanning Linkedin: https://www.linkedin.com/in/joshscandlen/ Quora: https://www.quora.com/profile/Josh-Scandlen Google +: https://plus.google.com/u/1/108893802372783791910
Просмотров: 133 Heritage Wealth Planning
Explanation of Military's Survivor Benefit Plan (SBP)
 
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Mitchell Hockenbury explains in plain English what the Military's Survivor Benefit Plan (SBP) is all about. Learn what it is, learn why you should get the plan, and learn any pros and cons. After viewing, be sure to visit the official website for resources mentioned in the video. Official Site: www.PersonalFinanceMadeClear.com
Просмотров: 138 Personal Finance Made Clear
Blended Retirement System /  Survivor Benefit Plan (2018)
 
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As of today, (5/13/2018) ANYONE who joins the US Military will do so under the new retirement plan, the "Blended Retirement System". As someone who served 3+ years on active duty in the infantry and another 4 in the National Guard, I am fond of the new rules. After all, the VAST majority of servicemen and women do NOT stay the full 20 years and receive NO benefits at all upon separating from service. (Yes, they get the VA Loan and college benefits but no medical or retirement benefits.) The new system will reward service personnel for completing their first tour or two without having to commit to remaining the service for another decade and a half or so. This is good. Also, as an incentive to keep senior personnel who've served 12 years, think NCO's, they will receive a Continuation Bonus when they sign on for another 4 years. These NCO's are the backbone of our fighting force and we need for them to continue to serve. They are irreplaceable. So, giving them bonuses as an incentive to re-up is good for them, and for our country. Yeah, there will be a reduced pension for those who stay in for 20 yrs or more. But that COULD be more than made up by 5% match on the TSP. That's a trade-off I'd take in a heartbeat. On a secondary topic, I discuss pensioners in their decision to take the Survivor Benefit Plan (SBP) or not. The SBP is nothing more than a premium payment the retiree makes to allow for his/her surviving spouse to receive 55% of the retiree's benefit at death. The premium isn't cheap. So, it's imperative the retiree consider ALL options before signing on OR rejecting the offer. Some folks will opt to not take the SBP and instead buy a life insurance policy. This MAY work. But if it doesn't you could be leaving your surviving spouse in a world of hurt if you die. Proceed. With. Caution here folks. Understand the ins and outs of ALL options. http://militarypay.defense.gov/BlendedRetirement/ https://www.usaa.com/inet/pages/insurance_life_military_benefits?akredirect=true ================================= If you like what you see, a thumbs up helps A LOT. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1 GET MY BOOK: Strategic Money Planning: 8 Easy Ways To Put Your House In Order It's FREE if you're a Kindle Unlimited Subscriber! https://amzn.to/2wKGi50 GET ALL MY LATEST BLOGPOSTS: http://heritagewealthplanning.com/blog/ PODCAST: https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2 LET'S SOCIALIZE! Facebook: http://Facebook.com/heritagewealthplanning Linkedin: https://www.linkedin.com/in/joshscandlen/ Quora: https://www.quora.com/profile/Josh-Scandlen Google +: https://plus.google.com/u/1/108893802372783791910
Просмотров: 38 Heritage Wealth Planning
Survivor Benefits In Retirement | FERS
 
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We provide benefit and retirement education to federal employees. Retirement Benefits Institute has trained over thousands of federal employees making it possible for many of these individuals to obtain personal consultation, assisting them in specific federal benefit planning to maximize their assets.
Просмотров: 2858 Retirement Benefits Institute
Survivor Benefit Plan: Part 1 -- Why SBP?
 
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This video will cover commonly asked questions about the Survivor Benefit Plan. MOAA's Take 5 video series tackles commonly asked questions within the military community. Learn more at http://www.moaa.org/Take5
Просмотров: 3604 TheMOAAChannel
Episode 0006 - The Basics of the Survivor Benefit Plan (SBP)
 
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Today, I will discuss the basics of the Survivor Benefit Plan, the big sister of the Reserve Component Survivor Benefit Plan. References: 10 USC Subtitle A, Part II, Chapter 73, Subchapter II: Survivor Benefit Plan http://uscode.house.gov/view.xhtml?path=/prelim@title10/subtitleA/part2/chapter73&edition=prelim) Survivor Benefit Plan (Defense Finance and Accounting Service) (https://www.dfas.mil/retiredmilitary/provide/sbp.html) Advantages and Disadvantages of RCSBP / SBP (https://www.dfas.mil/retiredmilitary/provide/sbp/advantages.html) RCSBP Fact Sheet (http://www.rcretirement.com/docs/RCSBP_Fact_Sheet.pdf) $550 per month from SBP Compared to $100,000 Life Insurance: How Long Will It Last? (http://www.rcretirement.com/docs/SBP_vs_LI_550.pdf) $2200 per month from SBP Compared to $100,000 Life Insurance: How Long Will It Last? (http://www.rcretirement.com/docs/SBP_vs_LI_2200.pdf) DD Form 2656 – Data for Payment of Retired Personnel (http://www.rcretirement.com/docs/dd2656.pdf) CG Form 4700 – Coast Guard, PHS, & NOAA Retired Pay Account Worksheet and Survivor Benefit Plan Election (http://www.rcretirement.com/docs/CG_4700.pdf) Related YouTube Episodes: The Basics of Reserve Retirement (http://rcretirement.com/2017/01/18/the-basics-of-reserve-retirement/) The Notice of Basic Eligibility for Retired Pay (Twenty-Year Letter) (http://rcretirement.com/2017/02/01/episode-0004-the-notice-of-eligibility-for-retired-pay-twenty-year-letter/) The Basics of the Reserve Component Survivor Benefit Plan (http://rcretirement.com/2017/02/09/youtube-episode-0005-the-basics-of-the-reserve-component-survivor-benefit-plan-rcsbp/) Disclaimer: R.C. Retirement is not recognized or endorsed by the Department of Defense, the Department of Veterans Affairs, or any government agency and is for informational and entertainment purposes only. The content on this site should not be considered professional financial advice. References to third party products, rates, and offers may change without notice. We may receive compensation through affiliate or advertising relationships from products mentioned on this site. However, we do not accept compensation for positive reviews; all reviews on this site represent the opinions of the author. The content presented is drawn and collated from the author's vast personal experience in military retirement as well as from military and civilian sources in the public domain. While every effort is made to deliver up to date and accurate information, we strongly recommend that you consult with an attorney and / or a financial planning professional familiar with your situation before making any decisions. First Call by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100862 Artist: http://incompetech.com/
Просмотров: 666 RCRetirement
Episode 0063 - How Can I Withdraw from the Survivor Benefit Plan?
 
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References: • Survivor Benefit Plan (10 USC, Chapter 73, Subchapter II) (http://www.rcretirement.com/docs/10_USC_Chapter_73_Subchapter_II_Survivor_Benefit_Plan-20180225.pdf) • Withdrawal from SBP for Total VA Disability Rating (http://www.retirees.af.mil/Library/Fact-Sheets/Display/Article/440092/withdrawal-from-sbp-for-total-va-disability-rating/) • DD Form 2656-2 – Survivor Benefit Plan (SBP) Termination Request (April 2009) (http://www.rcretirement.com/docs/dd2656-2.pdf) • Generic Life Insurance Quote - $500,000 in Proceeds, 10 Year Level Term (http://www.rcretirement.com/docs/LI_Quote_500000_10_Level_Term.pdf) • Generic Life Insurance Quote - $500,000 in Proceeds, 20 Year Level Term (http://www.rcretirement.com/docs/LI_Quote_500000_20_Level_Term.pdf) • Generic Life Insurance Quote - $500,000 in Proceeds, 30 Year Level Term (http://www.rcretirement.com/docs/LI_Quote_500000_30_Level_Term.pdf) • Generic Life Insurance Quote - $2,000,000 in Proceeds, 10 Year Level Term (http://www.rcretirement.com/docs/LI_Quote_2000000_10_Level_Term.pdf) • Generic Life Insurance Quote - $2,000,000 in Proceeds, 20 Year Level Term (http://www.rcretirement.com/docs/LI_Quote_2000000_20_Level_Term.pdf) • Generic Life Insurance Quote - $2,000,000 in Proceeds, 30 Year Level Term (http://www.rcretirement.com/docs/LI_Quote_2000000_30_Level_Term.pdf) • Comparison of Total Value of $550 per month SBP Annuity versus $100,000 Life Insurance Policy (http://www.rcretirement.com/docs/SBP_vs_LI_550.pdf) • Comparison of Total Value of $2,200 per month SBP Annuity versus $100,000 Life Insurance Policy (http://www.rcretirement.com/docs/SBP_vs_LI_2200.pdf) Related YouTube Episodes: • The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (https://youtu.be/Ktxv-IV5TYY) • Updating Survivor Benefit Elections (The Sad Story of Staff Sergeant Walker) (https://youtu.be/CmXj2OfexDo) • Should I Pay for SBP or Buy a Life Insurance Policy? (https://youtu.be/cdvn705kWrM) Related Podcast Episodes: • The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0003-Basics_of_RCSBP-20170209.mp3) • Updating Survivor Benefit Elections (The Sad Story of Staff Sergeant Walker) (http://www.rcretirement.com/podcasts/2018/RCRetirement-Episode_0049-Updating-Survivor-Benefit-Elections-The-Sad-Story-of-SSG-Walker-20180111.mp3) Related Articles: • The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (http://rcretirement.com/2017/02/10/the-basics-of-the-reserve-component-survivor-benefit-plan-rcsbp/) • When Do I Make an Election for the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/when-do-i-make-an-election-for-the-reserve-component-survivor-benefit-plan/) • How Much Will the RCSBP Pay to My Beneficiaries and What Will It Cost Me? (http://rcretirement.com/2017/02/10/how-much-will-the-rcsbp-pay-to-my-beneficiaries-and-what-will-it-cost-me/) • Should I Buy a Life Insurance Policy Instead of Choosing the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/should-i-buy-a-life-insurance-policy-instead-of-choosing-the-reserve-component-survivor-benefit-plan/) • What Are the Advantages and Disadvantages of the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/what-are-the-advantages-and-disadvantages-of-the-reserve-component-survivor-benefit-plan/) • What Are the Coverage Options for the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/what-are-the-coverage-options-for-the-reserve-component-survivor-benefit-plan/) • Who Can Be Beneficiaries of the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/who-can-be-beneficiaries-of-the-reserve-component-survivor-benefit-plan/) • How Do I Enroll in the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/how-do-i-enroll-in-the-reserve-component-survivor-benefit-plan/) • Updating Survivor Benefit Elections (The Sad Story of Staff Sergeant Walker) (http://rcretirement.com/2018/01/12/updating-survivor-benefit-elections-the-sad-story-of-ssg-walker/) First Call by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100862 Artist: http://incompetech.com/ Want to support this channel financially? Contribute crypto at these addresses: BTC 1Ehq9nb6e7qRV2Nmhq6ZjP7Loe3Yu3EmPv BCH 1ADNL3FibWAy7BPZxf8q3TLZKivkQPLHTv BAT 0x5e434003f70013f21cb323db1d279cfd4b120946 ETH 0x5e434003f70013f21cb323db1d279cfd4b120946 LTC Lh4ZqHQmCsMobLHGxRBYe3RQm8Z6vBMdzM Dash XsPQj6BbWhF3Y1VBbq7R9rPiYDnCjtg1rr Dogecoin DJHDH46gcMXMdfgWEej95f2uCx53tZcLxm ZCash t1ezJAxSb1yBcbvKh4we7fKvddNMftq9EZG
Просмотров: 41 RCRetirement
It's open season for Survivor Benefit Program (SBP) coverage for former spouses
 
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It is now open season for remarried retirees with deceased former spouse SBP beneficiaries to register their new spouses. Retired Air Force Lt. Col. Shane Ostrom, MOAA's Deputy Director of Benefits and Financial Information, breaks down how to make sure you are properly registered.
Просмотров: 968 TheMOAAChannel
Understanding Your Retirement Benefit Options
 
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Retirement is a significant milestone and can be the beginning of one of the best phases of your life. In this webinar learn about the retirement benefit options offered by CalPERS.
Просмотров: 13681 CalPERS
Retiree Refresher
 
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Retired members can learn more about their retirement benefits, health benefits, death benefits, and cost of living adjustments with our retiree refresher webinar.
Просмотров: 2688 CalPERS
20151209 - Concurrent Receipt of Survivor Benefit Plan (SBP)... (ID: 104224)
 
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Subcommittee on Military Personnel 20151209 - Concurrent Receipt of Survivor Benefit Plan (SBP) & Dependency and Indemnity Compensation (DIC)
Просмотров: 2027 U.S. House Armed Services Committee
Survivor Benefits And Retirement
 
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Просмотров: 15 Ken Walbridge Financial
Episode 0009 - So, What is This Reduced Retirement Age Thing Anyway?
 
17:38
Links: LES Request Tool (DFAS) (https://www.dfas.mil/customerservice/lesrequest.html) References: National Defense Authorization Act (NDAA) for Fiscal Year 2008, Section 647 – effective 28 January 2008 National Defense Authorization Act (NDAA) for Fiscal Year 2014 - effective 19 December 2013 10 USC § 101(a)(13)(B) 10 USC § 1074(b) 10 USC § 12301(a) 10 USC § 12301(d) 10 USC § 12302 10 USC § 12304 10 USC § 12304(a) 10 USC §12305 10 USC § 12406, chapter 15 10 USC § 12301(h) 10 USC § 12731(f)(2) 32 USC § 115 32 USC § 502(f) Department of Defense Instruction 1215.07 (with Change 1) – 23 September 2013 (http://www.rcretirement.com/docs/DODI_1215.07-20130923.pdf) Army Regulation 135-180 – Qualifying Service for Retired Pay (http://www.rcretirement.com/docs/AR_135-180.pdf) Army Regulation 600-8-7 – Retirement Services Program – 18 January 2017 (http://www.rcretirement.com/docs/AR_600-8-7_-_Retirement_Services_Program_-_20170118.pdf) National Guard Regulation 680-2 – Automated Retirement Points Accounting Management – 19 August 2011 (http://www.rcretirement.com/docs/NGR_680-2-19_-_Automated_Retirement_Points_Accounting_Management_-_20110819.pdf) Personnel Policy Operational Memo 13-029 – Implementation Guidance for Reduced Retirement Age for Army National Guard Soldiers - 05 August 2013 (http://www.rcretirement.com/docs/PPOM_13-029.pdf) Tricare.mil (http://www.tricare.mil) DFAS.mil (http://www.dfas.mil) Legal Disclaimer: R.C. Retirement is not recognized or endorsed by the Department of Defense, the Department of Veterans Affairs, or any government agency and is for informational and entertainment purposes only. The content on this site should not be considered professional financial advice. References to third party products, rates, and offers may change without notice. We may receive compensation through affiliate or advertising relationships from products mentioned on this site. However, we do not accept compensation for positive reviews; all reviews on this site represent the opinions of the author. The content presented is drawn and collated from the author's vast personal experience in military retirement as well as from military and civilian sources in the public domain. While every effort is made to deliver up to date and accurate information, we strongly recommend that you consult with an attorney and / or a financial planning professional familiar with your situation before making any decisions. First Call by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100862 Artist: http://incompetech.com/
Просмотров: 372 RCRetirement
NCNG Retirement Services, DD 2656 (Data for Payment of Retired Personnel)
 
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The DD 2656 is the Federal Retirement Pension Application. It's a two page form that covers Admin Info, Banking Info, SBP elections, and amounts. http://www.nc.ngb.army.mil/Services/Pages/Retirees.aspx M-Day/Traditional Retirement Services The North Carolina National Guard Retirement Section provides information on benefits and entitlements in order to prepare Soldiers and their families for retirement. This section also ensures the understanding of the Reserve Component Survivor Benefit Plan (RC-SBP) Program. Once you receive your 20 year letter you have 4 options that will impact your retirement pay and benefits. These options are; retired reserve, discharge, remain in the guard, and the stand by reserve. Planning for Retirement Before 20 Years of Service If you are planning on retirement from the National Guard there is some information you should know before you reach 20 years of service. In order to earn the maximum retired pay at age 60 you should start planning for retirement early to earn the maximum retirement point each year. Click for more information: Army, Air Guard 20 Years of Service Information Once you have completed 20 years of service you should learn about your retirement benefits. Some of these benefits must be claimed within 90 days of receiving your 20 year letter. Click for more information: Army, Air Guard Gray Area Retirees Gray area Retirees are soldiers who have completed 20 years of service but have not reached the age for retired pay. While in this period there is some information on benefits you should know. Click for more information. Army, Air Guard Applying For Retirement Pay Soldiers who have completed 20 years of service and reached the age to receive retired pay must submit a packet. Retirement pay is not automatic and must be applied for. Some soldiers are eligible to receive pay earlier than age 60. Click for more information: Army, Air Guard TRICARE at age 60 and ID Cards Once you reach age 60 and apply for retired pay you will await a response from HRC Ft Knox for your approval letter. This letter is what you will take with you, and your spouse if applicable, to any ID Card facility to receive your retired ID card(s). Once there, you will also verify that your DEERS enrollment is correct. This is important because you are now eligible and enrolled into Tricare Standard with the option to upgrade to Tricare Prime based off your home of record. There are no monthly premiums with Tricare standard. You as the retiree will be responsible for any co-pays. At age 65 you become eligible for Medicare Part B, and your Tricare transitions to Tricare for Life. The Retirement Office recommends enrolling in Medicare Part B because as soon as you are eligible for Medicare Part B, Tricare becomes secondary. The advantage of enrolling in Medicare Part B is that Medicare will file to Tricare for you when it has completed its payments. If you have any other insurance, you as the customer will be responsible for filing to Tricare for the remainder of any charges accrued.
Просмотров: 6503 NCNationalGuard
Retired Military Personnel in Concurrent Receipt Status
 
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How to coordinate the military retirement rules, the VA eligibility rules, and the income tax rules.
Просмотров: 6046 Davis Nelson
Death of a Retiree
 
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As part of our 'Life Events after Retirement' video series, Retirement Services Representative Glenn what should be done upon the Death of a Retiree.
Просмотров: 46903 USOPM
Life As A RETIRED Military Member
 
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For some of us, the dream is to get to a military retirement. My friend just retired and he's really enjoying the next chapter of his life.
Просмотров: 2859 YOUR Military Money
How To Plan For Retirement
 
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"How to Plan for Retirement". A simple guide to help you retire with peace of mind. PST: Hello, its me, Professor KnowItAll... and yes, I'll be giving you the very best tips so you can retire with peace of mind... EXP: Hello Professor, are you now an expert on that topic? PST: Of course... EXP: Oh, OK, so you're all ready for retirement? PST: Of course! I'm ready! EXP: So then, you have money saved? PST: Well, not exactly but I have a plan... I will live with my kids... EXP: Living with your family during retirement can be very gratifying, but surely you don't want to be a burden on them...Did you know that people in the United States, on average, live 20 years after they retire? In general, people need almost 80% of what they earn in order to live comfortably after retiring That's a lot of money, so you'll definitely need a good plan in order to get there. OK, don't panic yet. It's never too late to start or even too early. Let me tell you what you should do so that the next time, you can give people good advice. PST: Sounds good. EXP: Professor, according to the Consumer Action Handbook, the first thing is recognizing the importance of saving for retirement. The three most common options are: One: Pension benefits, offered by some places of employment. Two: Savings and investments, started by you. Three: Social Security, which is the Federal Governments retirement plan. Now, if you're still working, find out if your place of employment offers a pension plan and how it works. Some companies also offer a 401k plan. PST: Four 01 what? I've never heard of that truck, but mine is newer... EXP: I'm not talking about vehicles here, I'm talking about retirement plans in which, if you save, your company will match a percentage of the contributions you make. PST: Oh, that's like free money. EXP: Exactly. Sometimes you impress me, Professor! In order to plan well for retirement, you must consider what types of expenses you'll have, whether you'll work or not, if you'll have additional medical insurance, or if you'll have costly hobbies, like traveling. There are many things to consider, so you may want to consult a financial expert for help. PST: Yikes, I'm feeling dizzy... EXP: Professor, you can also ask for help and get tips from the following organizations: AARP, American Savings Education Council, Department of Labor Securities and Exchange Commission, Social Security Administration PST: Ufff...I'm feeling a little better now. EXP: Professor, this is all about saving not spending... Better yet, let me remind you to visit USA.gov or in Spanish at GobiernoUSA.gov where you can learn more about all of this and other interesting topics for consumers. And remember, you can also order your free "Consumer Action Handbook "...
Просмотров: 47071 USAgov/archive
Death Claim Benefits
 
31:52
Просмотров: 6324 USOPM
Report says military's Survivor Benefit Plan 'compares well,' irking widows still hit by offset | b
 
12:24
► Report says military's Survivor Benefit Plan 'compares well,' irking widows still hit by offset | by Military Times ► Military retirees, their spouses and perhaps 80 percent of 320,000 survivors already able to draw be... ► SUBSCRIBE 4 More ....... : https://goo.gl/7BeyGH ► Facebook Fanpage ........: https://goo.gl/oxA42Q ► Twitter ................................: https://goo.gl/aq3hHK ► Google plus ......................: https://goo.gl/yyXg3J ► Photo & Content Source : http://c.newsnow.co.uk/A/2/936223250?-: ========================================= ► The trusted, independent source for news and information for the Military Times community. ... Military Times is published by Sightline Media Group. Sightline is the latest of three company names, starting with Army Times Publishing Co. in 1940. ► Videos can use content-based copyright law contains reasonable use Fair Use (https://www..com/yt/copyright/). ► With the above criteria, if there is any breach of the principles of Community, law on copyright then please comment on the video
Просмотров: 11 Military Times
Retirement Plans & Investments : How Does a Joint & Survivor Annuity Work?
 
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A joint and survivor annuity works by allowing the yield of an annuity to be paid off to a survivor in the case that the annuity holder dies prematurely. Discuss who will reap the benefits of an annuity with a competent profession using advice from a financial adviser in this free video on annuities. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years. Filmmaker: Christopher Rokosz
Просмотров: 552 ehowfinance
Episode 0041 - I'm Medically Unfit for Retention. Now What?
 
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References: 10 USC 12731: Age and service requirements (http://uscode.house.gov/view.xhtml?req=(title:10%20section:12731%20edition:prelim)%20OR%20(granuleid:USC-prelim-title10-section12731)&f=treesort&num=0&edition=prelim) 10 USC 12731b: Special rule for members with physical disabilities not incurred in line of duty (http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title10-section12731b&num=0&edition=prelim) Related YouTube Episodes: YouTube Episode 0003 – The Basics of Reserve Retirement (https://youtu.be/dhqX0n3c4eI) YouTube Episode 0004 – The Notice of Eligibility for Retired Pay (Twenty-Year Letter) (https://youtu.be/mM1Tmu1uOrM) YouTube Episode 0005 – The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (https://youtu.be/Ktxv-IV5TYY) YouTube Episode 0006 – The Basics of the Survivor Benefit Plan (SBP) (https://youtu.be/K61C8UsWliY) YouTube Episode 0009 – So, What is This Reduced Retirement Age Thing Anyway? (https://youtu.be/xnyvtpCihRU) YouTube Episode 0014 – Calculating Retired Pay Under the Current (Legacy) Retirement Plan (https://youtu.be/yohuN8JNVvo) Related Podcast Episodes: Podcast Episode 0002 – The Notice of Eligibility for Retired Pay (Twenty-Year Letter) (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0002-20YR_NOE-20170201.mp3) Podcast Episode 0003 – The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0003-Basics_of_RCSBP-20170209.mp3) Podcast Episode 0004 – The Basics of the Survivor Benefit Plan (SBP) (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0004-Basics_of_SBP-20170216.mp3) Podcast Episode 0007 – So, What is This Reduced Retirement Age Thing Anyway? (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0007-So-What-Is-This-Reduced-Retirement-Age-Thing-Anyway-20170309.mp3) Podcast Episode 0012 – Calculating Retired Pay Under the Current (Legacy) Retirement Plan (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0012-Calculate-Retired-Pay-Under-MilRS-20170413.mp3) Related Articles: The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (http://rcretirement.com/2017/02/10/the-basics-of-the-reserve-component-survivor-benefit-plan-rcsbp/) When Do I Make an Election for the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/when-do-i-make-an-election-for-the-reserve-component-survivor-benefit-plan/) How Much Will the RCSBP Pay to My Beneficiaries and What Will It Cost Me? (http://rcretirement.com/2017/02/10/how-much-will-the-rcsbp-pay-to-my-beneficiaries-and-what-will-it-cost-me/) Should I Buy a Life Insurance Policy Instead of Choosing the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/should-i-buy-a-life-insurance-policy-instead-of-choosing-the-reserve-component-survivor-benefit-plan/) What Are the Advantages and Disadvantages of the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/what-are-the-advantages-and-disadvantages-of-the-reserve-component-survivor-benefit-plan/) What Are the Coverage Options for the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/what-are-the-coverage-options-for-the-reserve-component-survivor-benefit-plan/) Who Can Be Beneficiaries of the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/who-can-be-beneficiaries-of-the-reserve-component-survivor-benefit-plan/) How Do I Enroll in the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/how-do-i-enroll-in-the-reserve-component-survivor-benefit-plan/) The Basics of the Survivor Benefit Plan (http://rcretirement.com/2017/02/17/the-basics-of-the-survivor-benefit-plan-sbp/) How Do I Enroll in the Survivor Benefit Plan? (http://rcretirement.com/2017/02/17/how-do-i-enroll-in-the-survivor-benefit-plan/) Should I Pay for SBP or Buy a Life Insurance Policy? (http://rcretirement.com/2017/09/08/should-i-pay-for-sbp-or-buy-a-life-insurance-policy/) Calculating Retired Pay Under the Current (Legacy) Retirement Plan (http://rcretirement.com/2017/04/14/calculating-retired-pay-under-the-current-legacy-retirement-plan/) The Notice of Eligibility for Retired Pay (Twenty-Year Letter) (http://rcretirement.com/2017/02/03/the-notice-of-eligibility-for-retired-pay-twenty-year-letter/) First Call by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100862 Artist: http://incompetech.com/ Want to support this channel financially? Contribute BitCoin at this address: 1GjqV3GX9ovGuQLQXrgun9huM5ypUvEKFK
Просмотров: 499 RCRetirement
Joint and Survivor Annuity - What is a Joint and Survivor Annuity
 
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What are joint and survivor annuities – What is a joint and survivor annuity? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of joint and survivor annuities and learn how you can avoid the most common mistakes that individuals have made when looking to purchase a joint and survivor annuity. Joint and Survivor Annuity Benefit - For Two-Way Gains For Investors A Joint and survivor annuity benefit refers to contractual savings with an insurance company meant for two individual combinable. For different saving and investment needs of people, an annuity comes in diverse structured formats and plans. These plans and programs of an annuity pertain differently to various modes and frequency of investment and consequently the benefits and the payments. If an individual subscribes to an annuity plan for his later age benefits, he must take up a plan that actually provides him the benefits along, and to the spouse, and not one that provides a lot of hogwash but no real benefits. Now comes into the picture an ideal annuity plan that is known as the 'Joint and Survivor Annuity Plan'. This annuity plan offers to pay to the retiree the benefits on the basis of the joint-survivor system that allows the annuity holder and his or her spouse to receive the income irrespective of the situation of who departs from this world first. Since the joint and survivor annuities are meant for two individuals and their consequent benefits, it is most preferred by people. A remarkable joint and survivor annuity benefit is that either of the recipients can derive, or expect to derive, the compensation for their entire lifespan, even in case where one of them is no more living. Another benefit of this annuity plan is that it provides the much needed financial security to the spouse of the first annuitant who may be or may not be an earning individual. Most common kinds of individuals who prefer to purchase this type of annuity plan are the husband and the wife especially where the husband is earning and the wife is a homemaker. Here are some of the options that are covered under joint and survivor annuity benefit plan - If the two annuitants of this type of annuity plan are unmarried individuals, the joint and survivor annuity benefit are paid to them in the form of a single-life annuity. This plan has been enterprising enough to allow the primary annuity holders to designate the same sex domestic partners also as their joint beneficiary. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: what is a joint and survivor annuity joint and survivor annuity income joint and survivor annuity explained joint and survivor annuity reviews joint and survivor annuity review What is the best fixed indexed joint and survivor annuity vs the top immediate income joint and survivor annuity https://www.youtube.com/watch?v=0l7vjNkWdOw
Просмотров: 308 retiresharp
What benefits are provided under the Federal Employee Retirement System (FERS) program?
 
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In this video, John Cermak describes in detail the defined-benefit pension benefits provided to Federal civilian employees under FERS. Besides learning about the benefits, we also learn about the key planning issues facing a FERS retiree.
Просмотров: 35661 NYLCRI
Military Pensions and Benefits in Divorce - Part 1
 
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Divorce is complicated enough without throwing into the mix the fact that one or more of the divorcing parties is a military service member or has military benefits. Fortunately, the Uniform Service Former Spouses’ Protection Act (or USFSPA)addresses some military related issues such as service member’s military retirement pay, service member’s Survivor Benefit Plan (SBP), service member spouses’ access to commissary and exchange, and service member spouses’ access to healthcare benefits. The USFSPA does not automatically confer a right to military benefits upon a military service member’s spouse. Rather, it contains guidelines that allow states to treat disposable military retired pay benefits as marital property according to the state in which the divorce is filed. In the State of Utah, military retirement benefits accrued in whole or in part during the marriage are divisible. This means that courts in Utah treat disposable military pensions just as they would any pension or retirement benefit from any other employer. What is disposable vs. non-disposable military retired pay? For tax purposes, some military service members have the option of waiving a portion of their military retired pay in order to receive non-taxable Veteran’s Administration (or “VA”) disability compensation. The gross amount of gross disposable retirement compensation that can be split in a divorce action is reduced.[4] This can be a real headache for courts when trying to divide military retirement pay. Given that this loophole exists, some courts will try to bring the divorcing parties to a financial place they were before waiving military retirement pay. Some courts may also look at waiving military retirement pay as way of fraudulently attempting to modify the decree of divorce. Consult an attorney before attempting to change the way you receive your military retirement pay. You can download a PDF version of the USFSPA manual at this link: http://www.dtic.mil/cgi-bin/GetTRDoc?AD=ADA452505
Просмотров: 2671 Utah Family Law TV
Your Federal Retirement Annuity for CSRS and FERS
 
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Просмотров: 58141 USOPM
Survivor Benefits
 
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As a member of the CalSTRS Defined Benefit Program, your spouse, children or other loved ones may be eligible for survivor benefits after your death.
Просмотров: 1395 CalSTRS
Reviewing Your Retirement Plan
 
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AFSA presents our second retiree webinar at held on Thursday, March 22 with the presentation “Reviewing your Retirement Plan”. This presentation, led by former director of the Department of State’s Office of Retirement John Naland, reviewed the topics listed below to help determine if any mid-course corrections are needed in your retirement plans: Beneficiary designations Divorce and FS retirement benefits Survivor benefits Life insurance after retirement Estate planning documents Medicare Part B TSP: stocks vs bonds Social Security: when to start Long-term care insurance Federal re-employment after retirement Updating your annuity records Retirement information resources AFSA member assistance Threats to future retirement benefits
Просмотров: 435 AFSAtube
What are other benefits available to the military that can affect retirement security?
 
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We look at some issues regarding military benefits. We learn about survivor benefit plans, veteran's group life insurance, and the GI bill transferability provisions for children.
Просмотров: 922 NYLCRI
NCNG Retirement Services, DD Form 108 (Application for Retired Pay Benefits)
 
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DD Form 108 (Application for Retired Pay Benefits): http://www.nc.ngb.army.mil/Services/Pages/Retirees.aspx M-Day/Traditional Retirement Services The North Carolina National Guard Retirement Section provides information on benefits and entitlements in order to prepare Soldiers and their families for retirement. This section also ensures the understanding of the Reserve Component Survivor Benefit Plan (RC-SBP) Program. Once you receive your 20 year letter you have 4 options that will impact your retirement pay and benefits. These options are; retired reserve, discharge, remain in the guard, and the stand by reserve. Planning for Retirement Before 20 Years of Service If you are planning on retirement from the National Guard there is some information you should know before you reach 20 years of service. In order to earn the maximum retired pay at age 60 you should start planning for retirement early to earn the maximum retirement point each year. Click for more information: Army, Air Guard 20 Years of Service Information Once you have completed 20 years of service you should learn about your retirement benefits. Some of these benefits must be claimed within 90 days of receiving your 20 year letter. Click for more information: Army, Air Guard Gray Area Retirees Gray area Retirees are soldiers who have completed 20 years of service but have not reached the age for retired pay. While in this period there is some information on benefits you should know. Click for more information. Army, Air Guard Applying For Retirement Pay Soldiers who have completed 20 years of service and reached the age to receive retired pay must submit a packet. Retirement pay is not automatic and must be applied for. Some soldiers are eligible to receive pay earlier than age 60. Click for more information: Army, Air Guard TRICARE at age 60 and ID Cards Once you reach age 60 and apply for retired pay you will await a response from HRC Ft Knox for your approval letter. This letter is what you will take with you, and your spouse if applicable, to any ID Card facility to receive your retired ID card(s). Once there, you will also verify that your DEERS enrollment is correct. This is important because you are now eligible and enrolled into Tricare Standard with the option to upgrade to Tricare Prime based off your home of record. There are no monthly premiums with Tricare standard. You as the retiree will be responsible for any co-pays. At age 65 you become eligible for Medicare Part B, and your Tricare transitions to Tricare for Life. The Retirement Office recommends enrolling in Medicare Part B because as soon as you are eligible for Medicare Part B, Tricare becomes secondary. The advantage of enrolling in Medicare Part B is that Medicare will file to Tricare for you when it has completed its payments. If you have any other insurance, you as the customer will be responsible for filing to Tricare for the remainder of any charges accrued.
Просмотров: 4828 NCNationalGuard
Episode 0028 - How to Read an Army Reserve Retirement Points Statement
 
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References: How to Read an Army Reserve Retirement Points Statement (http://www.rcretirement.com/docs/How_To_Read_a_DA_5016.pdf) Sample DA 5016 (http://www.rcretirement.com/docs/Sample_DA_5016.pdf) Army Human Resources Command (https://hrc.army.mil/) How to Pull a Copy of Your DA 5016 (http://www.rcretirement.com/docs/Accessing_DA_5016.pdf) Related YouTube Episodes: Article 0004- The Notice of Eligibility for Retired Pay (Twenty-Year Letter) (https://youtu.be/mM1Tmu1uOrM) Article 0005 - The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (https://youtu.be/Ktxv-IV5TYY) Article 0014 - Calculating Retired Pay Under the Current (Legacy) Retirement Plan (https://youtu.be/yohuN8JNVvo) Article 0009 - So, What is This Reduced Retirement Age Thing Anyway? (https://youtu.be/xnyvtpCihRU) Related Podcast Episodes: Podcast Article 0002 – The Notice of Eligibility for Retired Pay (Twenty-Year Letter) (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0002-20YR_NOE-20170201.mp3) Podcast Article 0003 – The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0003-Basics_of_RCSBP-20170209.mp3) Podcast Article 0012 – Calculating Retired Pay Under the Current (Legacy) Retirement Plan (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0012-Calculate-Retired-Pay-Under-MilRS-20170413.mp3) Podcast Article 0007 – So, What is This Reduced Retirement Age Thing Anyway? (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0007-So-What-Is-This-Reduced-Retirement-Age-Thing-Anyway-20170309.mp3) Related Articles: The Notice of Eligibility for Retired Pay (Twenty-Year Letter) (http://rcretirement.com/2017/02/03/the-notice-of-eligibility-for-retired-pay-twenty-year-letter/) The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (http://rcretirement.com/2017/02/10/the-basics-of-the-reserve-component-survivor-benefit-plan-rcsbp/) When Do I Make an Election for the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/when-do-i-make-an-election-for-the-reserve-component-survivor-benefit-plan/) How Much Will the RCSBP Pay to My Beneficiaries and What Will It Cost Me? (http://rcretirement.com/2017/02/10/how-much-will-the-rcsbp-pay-to-my-beneficiaries-and-what-will-it-cost-me/) Should I Buy a Life Insurance Policy Instead of Choosing the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/should-i-buy-a-life-insurance-policy-instead-of-choosing-the-reserve-component-survivor-benefit-plan/) What Are the Advantages and Disadvantages of the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/what-are-the-advantages-and-disadvantages-of-the-reserve-component-survivor-benefit-plan/) What Are the Coverage Options for the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/what-are-the-coverage-options-for-the-reserve-component-survivor-benefit-plan/) Who Can Be Beneficiaries of the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/who-can-be-beneficiaries-of-the-reserve-component-survivor-benefit-plan/) How Do I Enroll in the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/how-do-i-enroll-in-the-reserve-component-survivor-benefit-plan/) Calculating Retired Pay Under the Current (Legacy) Retirement Plan (http://rcretirement.com/2017/04/14/calculating-retired-pay-under-the-current-legacy-retirement-plan/) So, What is This Reduced Retirement Age Thing Anyway? – Part 1 (http://rcretirement.com/2017/03/10/so-what-is-this-reduced-retirement-age-thing-anyway-part-1/) So, What is This Reduced Retirement Age Thing Anyway? – Part 2 (http://rcretirement.com/2017/03/10/so-what-is-this-reduced-retirement-age-thing-anyway-part-2/) First Call by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100862 Artist: http://incompetech.com/
Просмотров: 379 RCRetirement
🔴Social Security Says these People Will Not Receive Retirement Benefits
 
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Social Security Says these People Will Not Receive Retirement Benefits! 85.6% of the retired 65 and older receive Social Security. The average Social Security Benefit is $1,404.00 in 2018 However, there are some folks that will not be eligible to receive Social Security Benefits. 8 Reasons Retirees will not be able to Receive Social Security Benefits. Almost all retirees in the United States do receive Social Security benefits when they retire. But those who have spent little time in the U.S. workforce, whether due to care giving or working abroad, may not qualify. Some government workers are also not eligible. With luck, people who do not qualify for Social Security retirement benefits have another form of safety net they can count on, whether it’s a government pension, benefits from their home country or a family member who supports them financially.  1. Certain Immigrants Over 65 Retired folks who immigrate to the United States will not have earned the 40 U.S. work credits they have to have to be eligible for Social Security income.  In most situations, immigrants arriving after they are retired come to the United States on family visas and they are counting on those family members for financial help.  2. Self-Employed That Pay No Taxes If you have no record of paying into the system, you’re not going to get payouts from it. In order to qualify for benefits if you are Self-employed, you have to pay both the workers portion and the employers portion of the Self-employment tax. The tax is calculated and paid each year when these workers file their federal tax returns. Those who don’t file tax returns don’t pay Social Security taxes, unlike employees whose employers withhold and remit their Social Security taxes from each paycheck. 3. Government Employees Who Don’t Pay Social Security Taxes Federal government employees hired before 1984 may have been grandfathered into the Civil Service Retirement System (CSRS), which provides retirement, disability and survivor benefits. These workers don’t have Social Security taxes deducted from their paychecks and aren't eligible to receive Social Security benefits unless they’ve earned benefits through another job or a spouse. State and local government employees, such as those who work for a state or local government agency – including a school system, college or university – will not receive Social Security benefits if they do not pay Social Security taxes 4. Certain Legal Immigrants Workers who haven't earned at least six US credits, however, can’t receive payments under totalization agreements. Legal immigrants who have earned 40 Social Security work credits in the United States are eligible to receive full US Social Security benefits. 5. Retirees that Move to Certain Foreign Countries U.S. citizens who travel to – or live in – most foreign countries after they retire can usually still receive Social Security benefits. But if that country is Azerbaijan, Belarus, Cuba, Georgia, Kazakhstan, Kyrgyzstan, Moldova, North Korea, Tajikistan, Turkmenistan, Ukraine, Uzbekistan or Vietnam, the government can’t send you Social Security payments. 6. Certain Divorced Spouses Divorced spouse that never worked and did not pay into the Social Security system will not receive benefits if the their marriage lasts fewer than 10 years. The spouse that did not work won’t be eligible to claim Social Security benefits from their former spouse’s earning record. Instead, they’ll have to accumulate enough work credits on their own or rely on the earnings record of a new spouse. 7. Workers with Too Few Social Security Credits A minimum requirement to collect Social Security retirement benefits is performing enough work to earn 40 Social Security credits. Roughly, 40 credits equals 10 years of work.   If you earn the federal minimum wage of $7.25 an hour, you’ll need 179.3 hours of work to earn 1 credit toward Social Security. By working just 15 hours a week at this wage, you’ll earn the maximum credits per year. That means even those who work part time so they can attend school or care for a child – or those who work part time because they can’t find full-time work – can earn Social Security credits without too much trouble. A spouse that is 62 and has never worked and is married to a spouse that is 62 and is collecting social security, can receive half of what the spouse is earning. 8. Workers Who Die Before Age 62
Просмотров: 542 Wisdom Investor
Episode 0030 - How to Read an Navy Reserve Retirement Points Statement
 
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References: How to Read an Navy Reserve Retirement Points Statement (http://www.rcretirement.com/docs/How_to_Read_a_USNR_Retirement_Points_Statement.pdf) Sample Statement of Service (http://www.rcretirement.com/docs/Sample_USNR_Retirement_Points_Statement.pdf) BUPERS Online (https://www.bol.navy.mil/) How to Pull a Copy of Your Statement of Service (Pending) () Related YouTube Articles: Article 0004- The Notice of Eligibility for Retired Pay (Twenty-Year Letter) (https://youtu.be/mM1Tmu1uOrM) Article 0005 - The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (https://youtu.be/Ktxv-IV5TYY) Article 0014 - Calculating Retired Pay Under the Current (Legacy) Retirement Plan (https://youtu.be/yohuN8JNVvo) Article 0009 - So, What is This Reduced Retirement Age Thing Anyway? (https://youtu.be/xnyvtpCihRU) Related Podcast Articles: Podcast Article 0002 – The Notice of Eligibility for Retired Pay (Twenty-Year Letter) (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0002-20YR_NOE-20170201.mp3) Podcast Article 0003 – The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0003-Basics_of_RCSBP-20170209.mp3) Podcast Article 0012 – Calculating Retired Pay Under the Current (Legacy) Retirement Plan (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0012-Calculate-Retired-Pay-Under-MilRS-20170413.mp3) Podcast Article 0007 – So, What is This Reduced Retirement Age Thing Anyway? (http://www.rcretirement.com/podcasts/2017/RCRetirement-Episode_0007-So-What-Is-This-Reduced-Retirement-Age-Thing-Anyway-20170309.mp3) Related Articles: The Notice of Eligibility for Retired Pay (Twenty-Year Letter) (http://rcretirement.com/2017/02/03/the-notice-of-eligibility-for-retired-pay-twenty-year-letter/) The Basics of the Reserve Component Survivor Benefit Plan (RCSBP) (http://rcretirement.com/2017/02/10/the-basics-of-the-reserve-component-survivor-benefit-plan-rcsbp/) When Do I Make an Election for the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/when-do-i-make-an-election-for-the-reserve-component-survivor-benefit-plan/) How Much Will the RCSBP Pay to My Beneficiaries and What Will It Cost Me? (http://rcretirement.com/2017/02/10/how-much-will-the-rcsbp-pay-to-my-beneficiaries-and-what-will-it-cost-me/) Should I Buy a Life Insurance Policy Instead of Choosing the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/should-i-buy-a-life-insurance-policy-instead-of-choosing-the-reserve-component-survivor-benefit-plan/) What Are the Advantages and Disadvantages of the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/what-are-the-advantages-and-disadvantages-of-the-reserve-component-survivor-benefit-plan/) What Are the Coverage Options for the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/what-are-the-coverage-options-for-the-reserve-component-survivor-benefit-plan/) Who Can Be Beneficiaries of the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/who-can-be-beneficiaries-of-the-reserve-component-survivor-benefit-plan/) How Do I Enroll in the Reserve Component Survivor Benefit Plan? (http://rcretirement.com/2017/02/10/how-do-i-enroll-in-the-reserve-component-survivor-benefit-plan/) Calculating Retired Pay Under the Current (Legacy) Retirement Plan (http://rcretirement.com/2017/04/14/calculating-retired-pay-under-the-current-legacy-retirement-plan/) So, What is This Reduced Retirement Age Thing Anyway? – Part 1 (http://rcretirement.com/2017/03/10/so-what-is-this-reduced-retirement-age-thing-anyway-part-1/) So, What is This Reduced Retirement Age Thing Anyway? – Part 2 (http://rcretirement.com/2017/03/10/so-what-is-this-reduced-retirement-age-thing-anyway-part-2/) First Call by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100862 Artist: http://incompetech.com/
Просмотров: 224 RCRetirement
Different Type of Pension Election Options available for a US Defined Benefit Plan
 
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Types of Retirement Plan Benefits for a - U.S. Defined Benefit Plan The type of benefits paid from a retirement plan is based on: the distribution options available under the plan, and elections made by participants and their beneficiaries. Defined contribution plans - 401(k), profit-sharing, and other defined contribution plans generally pay retirement benefits in a lump sum or installments. Defined benefit plans - The normal method of distribution is an annuity paid over the employee’s life or the joint lives of the employee and his or her spouse (unless they elect otherwise). Lump-sum payment A plan can make a lump-sum distribution of a participant’s or beneficiary’s entire accrued vested benefit without consent (a cash-out) if the benefit is $5,000 or less. If the benefit is more than $5,000, a lump-sum distribution can only be made with the participant’s (and spouse’s, if applicable) written consent. Installment payments Installment payments are made are regular intervals, for a definite period (such as 5 or 10 years) or in a specified amount (for example, $2,000 a month) to continue until the account is depleted. Annuity payments Annuity payments are made from a defined benefit plan or under a contract purchased by a defined contribution plan. Payments are made at regular intervals over a period of more than one year, depending on the type of annuity. Spousal annuities If the participant is married prior to the first day of the period for which benefits are paid as an annuity, a plan subject to the spousal annuity requirements must pay benefits in the form of a qualified joint and survivor annuity (QJSA). If the participant dies before the spouse, the plan pays the spouse a life annuity. A participant may, with proper spousal consent, waive the QJSA and chose another payment option. Plans subject to the QJSA rules may also have to offer participants a qualified optional survivor annuity (QOSA) that provides a surviving spouse an annuity equal to either 50% or 75% of the annuity payments to be made during the participant’s life. For a married, vested participant who dies before the annuity starting date, the plan must pay a qualified pre-retirement survivor annuity (QPSA) to the surviving spouse. The participant may, with spousal consent, waive the QPSA and choose an alternate form of distribution provided under the terms of the plan. Unmarried participants must receive a single-life annuity, unless waived. Plans subject to QJSA/QPSA Defined benefit, money purchase pension and target benefit plans must offer QJSAs and QPSAs if a participant’s vested accrued benefit is more than $5,000, but may offer other payment options as well. Defined contribution plans must also offer QJSAs and QPSAs for account balances over $5,000 unless: the participant doesn’t choose a life annuity under the plan; the plan pays the entire remaining vested account balance on the married participant’s death to the surviving spouse unless the spouse has consented to another beneficiary; and the plan is not a transferee of a plan that was subject to QJSA/QPSA. Plans not subject to QJSA/QPSA Most defined contribution plans are not subject to the QJSA and QPSA rules. However, when a married participant dies, these plans must pay the entire remaining vested account balance to the participant’s surviving spouse unless the spouse has consented to another beneficiary. When an employee terminates employment prior to normal retirement age, before a distribution can be made (except for lump sum cash-outs), the employee must be given a written notice explaining the: available benefit payment options under the plan; right to delay payment until the later of the plan’s normal retirement age, or age 62; and consequences of failing to delay payment. Tips for plan sponsors Know what forms of distribution are available to participants and beneficiaries under the plan. Retain participant distribution election forms together with notarized spousal consents, if applicable. Communicate with your plan administrator about: who provides the required notices and consent forms for distributions; who calculates and pays out the benefit; plan changes; and beneficiary updates as a result of participant life changes. ---------Cameras Used To Shoot This Video ------- This VIDEO was EDITED with Adobe Premiere on a PC. http://amzn.to/2E7tvbP Microphone — Lavalier uses during the scene with the 50mm lens http://amzn.to/2AqmIrg Subscribe to IamIndia Here: https://www.youtube.com/IamIndian DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!
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Military Retirement During Your Divorce
 
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Military Divorce Attorney Megan V. Cook teaches a few basic principles regarding how to divide your military pension during a divorce case. What part of the military pension will go to the former spouse? How is the part of your former spouse's military benefits going to be calculated? And How much will she (or he) get? What does your divorce lawyer have to do to actually divide that military pension? How are the payments sent? This video seeks to quickly answer these questions. For a detailed explanation of this topic go to: http://lawyerdefend.me/military-retirement-divorce/
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The No. 1 Overlooked Employer Retirement Plan
 
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The most popular employer sponsored retirement plan is a 401(k). But a 401(k) can be tax and cost inefficient with most plans funded by market-exposed products. A fully insured, defined benefit plan under 412(e)(3) can provide safety and low plan expenses, and it is more tax efficient. Nationally recognized 412(e)(3) expert Nick Paleveda, MBA, J.D., is interviewed by online talk show host and syndicated columnist Steve Savant. Nick explains why this plan may be a better deal than traditional 401(k)s. http://youtu.be/zEY85qoX9I0
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How Does My Pension Affect My Social Security?
 
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Will pension lower social security benefits? Aarpsocial administration. Workers who meet the social security administration's qualifications can collect disability, retirement or survivors' benefits, as well. A separate rule 2 'i had earned my credits,' says knight, which provided him a social security retirement benefit of about month. Will pension lower social security benefits? Aarp will Aarp aarp benefit. It includes a deduction for an ordinating private pensions and social security benefits yields equitable retirement income all workers, regardless of earnings, while keeping employer costs within reasonable bounds. It does that by reducing social security retirement benefits. Googleusercontent searchgenerally speaking, a corporate pension or any other form of retirement income interest from an investment account, for instance won't affect social security benefits. But a year ago, knight in the meantime, you can find out whether you'll be subject to gpo and wep determine how they could affect your retirement income. The amount you get is determined by your income history, not other retirement money may have coming in achieving the dream of a secure, comfortable much easier when plan finances. However 20 jul 2017 the retirement and disability benefit reduction is due to a rule called windfall elimination provision, which designed block state local public employees from collecting pension alongside social security benefits. Wep will reduce your social. Does my pension benefit affect social security benefit? . What and when you collect will make a huge difference to your lifetime benefits. Will pension lower social security benefits? Aarp. Any guidance would help as we wep can affect benefits payable on your own record, while gpo spousal or widow's. Eligible pension from ny state. Will my pension affect social security benefit? Coastal wealth teachers here's how to ace retirement without public pensions sock benefits kiplinger. 2019 and would begin to draw the max. Social security your maximum loss is set at 50. Html "imx0m" url? Q webcache. Unless you had at least 30 years of full time employment during which were paying into social security, the. Her pension is estimated 20 jun 2017 social security retirement benefits may be affected by a variety of factors, but your earned income one the most important. How a pension changes social security disability (ssd) depends on the type of benefits you receive and kind 25 jun 2015 may be one your largest assets. Will my social security disability check be lowered by a pension? . Social security q&a how will my public pension affect benefits? . She will be eligible for ssa benefits at that time (2 2019) when she turns 66. For more information on these 27 jul 2017 my wife and i are trying to get a handle her expected retirement income. If you are eligible for both incomes, your pension may affect 17 mar 2017 i will have a small from pers in california and wanted to know if there is reduction my ss be
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Qualifying Age For Social Security Retirement Benefits?
 
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“What is the Qualifying Age To Receive Social Security Retirement Benefits? What about my spouse? “ You can file early, at age 62. For your full retirement is 66 and the latest you can file is age 70. It depends on your year of birth. Survivor spouses can claim benefits as early as age 60. Can Spouses Claim Spousal Benefits? Here’s the spousal criteria: • You must be age 62 • Must be married at least 1 year (for your spouse to get benefits) • Your spouse must file first. • If you claim your full retirement age benefit, it could be as much as ½ of your spouses benefits. Visit my website JustAskFreeman.com for more useful tips on how to get the most from your retirement planning & Social Security benefits. VA | MD | DC . Also, download my free “SAFE MONEY KIT” to get the most from your retirement dollars. Tel: 1-866-471-7233
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DIC/SBP Offset awareness
 
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Hey everyone, today I want to talk about a very important issue to surviving spouses of fallen military it is the DIC sbp offset. Many surviving spouses may know it as the widow tax. The department of veterans affairs provides surviving spouses with dependent and indemnity compensation, or DIC, its paid surviving spouses who’s service member died while on active duty or due to a service connected illness or injury. In conjunction with that the department of defense separately provides another benefit called the survivor benefit plan or SBP. This benefit is automatic for active duty service members and retirees can elect to pay into to still receive this benefit. SBP is supposed to ensures that the surviving spouse receives an annuity equal to 55% of the service member’s retirement. With this offset under the sbp offset law. Surviving spouses cannot receive both DIC and full sbp. Annuities are reduced dollar for dollar by the dic. With the basic DIC set at 1254 dollars a month, it is usually wiped out or vastly reduced by the SBP. Those who are surviving spouses of retirees who did pay in to continue the SBP coverage are refunded the cost with no interest no matter how long the service member paid in. Currently there is a relief called the special survivor indemnity allowance, or SSIA. That does help cover some of the lost pay if the annuities are wiped out through the offset . But this is set to expire in the fall of 2017 If this does not get extended in congress. If the offset law is not changed, so many of the surviving spouses are going to be left in even further financial hardship. Our soldiers signed that dotted line being told that their family would be taken care of if anything were to happened to then they die and the government says oh yeah we have this offset law that’s been in place for 4 decades now and well, your screwed. So we urge you to contact your local senators and congress men to get them to support HR 1594 and s979 this would help reduce or eliminate this offset and assist these surviving spouse in obtaining the benefits that were promised to their soldier before they paid the ultimate price.
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Facts about GSIS Pension
 
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Active government employees who are receiving fixed monthly compensation are eligible to be a member of GSIS but as a member how can you avail their pension plan? Learn about it here in this special episode of Good Morning Kuya. For more videos: http://www.untvweb.com/video/ For News Update, visit: http://www.untvweb.com/news/ Check out our official social media accounts: http://www.facebook.com/UNTVNewsRescue http://www.twitter.com/untvnewsrescue https://www.youtube.com/UNTVNewsandRescue Instagram account - @UNTVLife Feel free to share but do not re-upload.
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Can I Get VA Survivor Benefits and Social Security?
 
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Many spouses and dependent children are unaware that as survivors of deceased veterans are not limited to need based benefits. Veterans disability attorney Travis Studdard explains the connection between Social Security benefits and VA Dependency and Indemnity Compensation benefits and whether survivors can qualify for both.
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Survivors Benefits: VA Benefits for Deceased Veterans' Dependents
 
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0:59 What is Dependency and Indemnity Compensation (DIC)? 2:13 What criteria must a veteran meet for their survivors to be eligible for DIC benefits? - What is service connection for cause of death? - What if a veteran’s death is not service connected at time of death? Can survivors still receive VA benefits? - The importance of the veteran’s death certificate 8:55 What makes a surviving spouse eligible for Disability and Indemnity Compensation (DIC)? - Does common law marriage count? - What if a surviving spouse remarries, will their DIC benefits be terminated? - Is there any additional compensation available for surviving spouses? - Do survivors receive the same amount of compensation as the veteran was receiving? What happens to a veterans benefits when they die? 13:15 What makes a surviving child eligible to receive DIC benefits? - Disabled children - Nehmer class members (Vietnam Veterans) - Can adult children receive Disability and Indemnity Compensation (DIC)? 16:02 What makes a surviving parent eligible to receive DIC benefits? 17:45 What is VA Survivors Pension, or Death Pension? - What if a surviving dependent receives property or money from the deceased veteran? 19:21 How can a veteran’s survivor apply for Disability and Indemnity Compensation (DIC)? 20:27 Other Considerations - Can sick or elderly veterans do anything in advance to prepare for their survivors to receive benefits? - Can veterans or their survivors submit a medical opinion to support a cause of death claim for DIC? - What if there are multiple survivors (multiple dependents)? Can they all receive DIC benefits? 23:51 Common mistakes VA makes with DIC claims Feel free to ask questions, give us feedback, or request new veterans' law topics below! And don't forget to SUBSCRIBE so you won’t miss future videos.
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What Do I Need to Know About My Retirement System Benefits After I Retire?
 
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View this video to learn: when you will get your first pension check and the amount you can expect in it, about post-retirement death benefits and survivor’s benefits, rules for working after you are collecting a NYS pension, and cost-of-living adjustments.
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What Do I Need to Know About My Retirement System Benefits After I Retire?
 
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View this video to learn: when you will get your first pension check and the amount you can expect in it, about post-retirement death benefits and survivor's benefits, rules for working after you are collecting a NYS pension, and cost-of-living adjustments.
Просмотров: 2304 GOERWebServices
Canadian Old Age Security Pension Plan
 
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This is a Video I worked collaboratively with Xuan Zhang for WoodGreen Community Services http://www.woodgreen.org/ Vectors by: http://www.freepik.com/ and http://www.lanrentuku.com/
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Social Security Spousal Benefits (Case of Bob and Jane)
 
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Social Security Spousal Benefits care confusing. In this video, we examine how Social Security Spousal benefits work and when you should apply for them. First, spouses will receive the greater of their own Social Security benefit or 50% of their spouses, whichever is more. However, did you know some divorcees can also receive spousal benefits on their ex??? Click here for this video: We introduce our fictitious couple, Bob and Jane. For simplicity, we have Jane not working, for an income, and Bob working full time. We show what Bob's AIME is, as well as his PIA. And then we show what Jane's benefit will be based on Bob's PIA. (See why it's so important to understand how AIME works? Bob's AIME affects not just his benefit but also Janes!) Here is the video on understanding AIME. https://youtu.be/hRuiUbXD6Rs The max spousal benefit Jane can receive is 50% of Bob's PIA. Remember, it's 50% of his PIA, nothing else matters to Jane in regard to her spousal benefit. However, if Jane takes her spousal benefit early, before her Full Retirement Age (FRA), she will have her spousal benefit reduced. In this case, we have Jane retiring at 64 thus her benefit will be 41% of Bob's PIA. So, Jane starts with a maximum of 50% of Bob's PIA and depending on when she claims, that 50% benefit can be reduced. But remember, Jane's spousal benefit can NEVER be more than 50% of Bob's PIA! So, it makes absolutely no sense at all for Jane to wait beyond her FRA to claim her Spousal benefit. She gets no benefit in delaying her spousal benefit beyond FRA. You MUST remember that folks. If you are the spouse and someone says you can get earnings credits for delaying taking your spousal benefits beyond your FRA, please run, don't walk, away from whoever is telling you this! (On a side note, for those of you born before Jan. 2, 1954, you are the last cohort that can file a restricted application and I have a video on that here. What that means is you can file for your spousal benefits and allow your own benefit to increase with delayed earnings credits. Again watch my video to learn more. Born Jan. 2 1954 or later? Sorry, this no longer applies for you.) It's critical to account for your Spousal Benefit in your retirement plan. If you are not, you are overtaxing your investment portfolio in your analysis which may lead you to make an error in your decision making. ================================= If you like what you see, a thumbs up helps A LOT. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1 GET MY BOOK: Strategic Money Planning: 8 Easy Ways To Put Your House In Order It's FREE if you're a Kindle Unlimited Subscriber! https://amzn.to/2wKGi50 GET ALL MY LATEST BLOGPOSTS: http://heritagewealthplanning.com/blog/ PODCAST: https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2 LET'S SOCIALIZE! Facebook: http://Facebook.com/heritagewealthplanning Linkedin: https://www.linkedin.com/in/joshscandlen/ Quora: https://www.quora.com/profile/Josh-Scandlen Google +: https://plus.google.com/u/1/108893802372783791910
Просмотров: 5472 Heritage Wealth Planning
How to Retire Early as a Federal Employee!
 
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↓↓ HOW TO RETIRE EARLY E-BOOK BELOW↓↓ http://www.fedretirementplanning.com/how-to-retire-early-as-a-federal-employee/ Too many federal employees have the limiting belief that they have to wait until their 60's to retire. What if I told you that you could retire early, in your 40's even and still do so comfortably? Here's how. ► Subscribe to My Channel Here: https://www.youtube.com/channel/UC8bWrSS2BdaQGtc1mq45Z6g?sub_confirmation=1 -- Cooper Mitchell helps federal employees better understand their benefits and helps them retire on their terms. Using financial planning and investment management, Cooper is able to tackle the issues that are unique to federal employees. Cooper is also a public speaker who is available for various federal conferences and events. Find Cooper here: Website: http://fedretirementplanning.com Work with Cooper: http://http://www.fedretirementplanning.com/work-with-cooper/ Facebook: https://www.facebook.com/fedretirementplanning/ Email: cooper@fedretirementplanning.com -- As always, enjoy, and please subscribe! -- © Copyright Fed Retirement Planning 2017, All Rights Reserved
Просмотров: 22800 Fed Retirement Planning
10 Facts about the Military’s New Retirement Plan!
 
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↓↓ IN-DEPTH ARTICLE↓↓ http://www.fedretirementplanning.com/10-facts-about-the-militarys-new-retirement-plan/ In many ways, the new retirement plan is similar to what was done in 1984 when Ronald Reagan fixed the short-term Social Security problems by moving federal employees from the Civil Service Retirement System (CSRS) to the new Federal Employee Retirement System (FERS.) This change put more of the responsibility on employees and less on the government by lowering their pension, but giving them a 5% match to their TSP as well as Social Security. All this said, the new Military Retirement System is set to take effect on January 1, 2018, and offers some BIG changes. ► Subscribe to My Channel Here: https://www.youtube.com/channel/UC8bWrSS2BdaQGtc1mq45Z6g?sub_confirmation=1 -- Cooper Mitchell helps federal employees better understand their benefits and helps them retire on their terms. Using financial planning and investment management, Cooper is able to tackle the issues that are unique to federal employees. Cooper is also a public speaker who is available for various federal conferences and events. Find Cooper here: Website: http://fedretirementplanning.com Work with Cooper: http://http://www.fedretirementplanning.com/work-with-cooper/ Facebook: https://www.facebook.com/fedretirementplanning/ Email: cooper@fedretirementplanning.com -- As always, enjoy, and please subscribe! -- © Copyright Fed Retirement Planning 2017, All Rights Reserved
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What retiree health and welfare benefits are available to federal civilian employees?
 
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We discuss the health and welfare benefits available to Federal civilian employees. We learn about the valuable retiree health benefit program as well as long-term care insurance program.
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