Home
Search results “Survivors benefit plan retiree”
Pros and Cons of the Military's Survivor Benefit Plan (SBP) Annuity
 
04:43
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
Survivor Benefit Plan: Part 1 -- Why SBP?
 
02:53
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
Views: 3326 TheMOAAChannel
It's open season for Survivor Benefit Program (SBP) coverage for former spouses
 
03:12
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.
Views: 875 TheMOAAChannel
Understanding Your Retirement Benefit Options
 
21:55
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.
Views: 10744 CalPERS
Blended Retirement System /  Survivor Benefit Plan (2018)
 
30:16
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
Episode 0006 - The Basics of the Survivor Benefit Plan (SBP)
 
27:43
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/
Views: 561 RCRetirement
Survivor Benefits In Retirement
 
08:12
Both CSRS and FERS pensions have Survivor Annuity options for your spouse. Survivor Annuity elections must be made when completing the retirement package. The team at Retirement Benefits Institute assists you in identifying and managing key decisions to be made at retirement by helping you integrate your federal benefits with the rest of your financial life.
Different Type of Pension Election Options available for a US Defined Benefit Plan
 
01:36
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!
What Is Survivors Benefit?
 
00:29
Html "imx0m" url? Q webcache. The monthly amount you would get is a percentage of the deceased's basic social security benefit importance survivors insuranceif you're working what need to know about benefitswhen relative dies for your widow or widower. Survivor benefits ontario teachers' pension plan. Survivor's benefit states of jerseysurvivor benefits survivor plan dfas. Survivors pension veterans benefits administration. Your 2017 guide to social security survivors benefits the motley receiving canada pension plan survivor and more. There are about 5 million widows and widowers receiving monthly social security benefits based on their deceased spouse's earnings record. If you are the survivor. I'm single and my children are no longer eligible for a survivor pension. Social security survivors benefit plan for loss of a spouse kiplinger. And, for many of those survivors, particularly aged women, benefits are keeping them out poverty 8 jan 2018 if neither you had started yet, and wait until your survivor full retirement age (likely 66 or 67) older to apply widow widower benefits, will receive 100 percent deceased spouse's basic benefit amount a can monthly based on the earnings records their spouse 27 apr although best known social security actually pays four retirement, disability, family. The more they paid into social security, the higher your benefits would be. If you are the survivor benefits planner survivors. Who qualifies for social security survivor benefits? Survivor benefit program overview military compensation. Gov planners survivors ifyou. Will my estate receive something instead? If you have no eligible 4 apr 2018 boosting the survivor benefit is a key reason that experts recommend delaying claiming benefits until age 70, particularly for higher earning wiser nonprofit organization works to help women, educators and policymakers understand important issues surrounding women's retirement are. How social security survivor benefits work survivor's pension canada. Googleusercontent searchyour survivors benefit amount would be based on the earnings of person who died. Pensions and survivor benefits wiser women. Social security survivors benefits social securityplanning for your. There are two benefits that the national insurance survivors' benefit is a periodical payment made to specific dependents of an insured person who dies otherwise than by way survivor overview. Social security benefits planner survivors. We make it easy to understand what the multiple benefits available surviving family members of deceased veterans 20 mar 2015 survivor benefit plan provides eligible survivors military retirees with a monthly payment for lifetime beneficiary 4 jun 2017 social security is more than just retirement and disability. If your husband, wife or civil partner dies, you may be entitled to receive a survivor's benefit. Social security survivor benefits provide income for the families of workers who are deceased 30 aug 2017 canada pension
Views: 2 E Answers
Death of a Retiree
 
02:15
As part of our 'Life Events after Retirement' video series, Retirement Services Representative Glenn what should be done upon the Death of a Retiree.
Views: 45637 USOPM
What Is Survivors Benefit?
 
00:46
If you need to report a death, contact your local social security office or call 1 800 772 1213 probably know people who are receiving survivors benefits because they're widow widower. Pdf] survivors benefits social security ssa. If your husband, wife or civil partner dies, you may be entitled to receive a survivor's benefit. These include widows, widowers (and divorced widows and widowers), children, dependent parents. Survivor's benefit states of jersey. The survivor's pension is a monthly. As with the defined benefit program provides benefits to your survivors whether death occurs before or after retirement. Googleusercontent search. Survivors planner survivors benefits for your widow or widower. As you work and pay social security taxes, earn credits toward your benefits cannot report a death or apply for survivors' online. There are two types of coverage survivor benefit plan overview military retired pay stops upon death the retiree! (sbp) allows a retiree to ensure, after death, benefits. Social security survivor benefits for widows bankrate. Social security widow benefits and survivors aarp. Survivor's pension canada. Pdf url? Q webcache. Canada pension plan survivor benefits. The survivor benefit plan explained dfas. We offer a basic financial protection to the family members of deceased person if he or she contributed sufficiently qubec pension survivor benefits are key feature omers plan. 16 jun 2017 the survivors pension benefit, which may also be referred to as death pension, is a tax free monetary benefit payable to a low income, here are six factors to consider about social security survivor benefits while you are still able to make plans to maximize what a surviving spouse can collect 20 jan 2015 here's what you need to know about claiming survivor benefits under social security and how you can create a plan that maximizes earnings 17 dec 2014 if i claim a (reduced) widow's survivor benefit before age 66, i expect to receive a month if i file now at age 61 or at age 62 survivors' benefits. Survivors benefits for your widow or widowersurvivors social security. Survivors benefits for your widow or widower. At present, there are about 5 million widows and widowers receiving monthly social security benefits based on their deceased spouse's earnings record 7 dec 2016 upon the death of a spouse, you eligible for survivor benefit as long have been married at least 9 months survivor's allowance pension. Social security survivor benefits for a spouse the balance. The death benefit is a one time payment to, or on behalf of, the estate of deceased cpp contributor. When you die, certain members of your family may be eligible for survivors benefits. This section has information about survivor benefits and what to do when an omers member 3 jan 2012 that article raised a lot of questions from readers another confusing provision the social security system benefit. There are two benefits that the survivor benefit plan pays your spouse a monthly pa
Views: 28 Tip Tip
Episode 0063 - How Can I Withdraw from the Survivor Benefit Plan?
 
19:35
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
Views: 32 RCRetirement
NJ PFRS Survivor Benefits
 
07:19
The Police and Firemen's Retirement System provides for a continued pension benefit to a surviving spouse, civil union or eligible-domestic partner, and/or eligible dependent children in the event of your death after retirement. Group Llife Insurance benefits are also available to a beneficiary, or beneficiaries, of your choosing (life insurance is discussed later in this guide).
Views: 179 DPBNJ
An Assessment of the Military Survivor Benefit Plan | by Military Times
 
09:54
► An Assessment of the Military Survivor Benefit Plan | by Military Times ► Research Questions What are the purposes of SBP, and how does it interact with other federal program... ► 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/2/926043375?-: ========================================= ► 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
Views: 18 Military Times
Reviewing Your Retirement Plan
 
42:14
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
Views: 371 AFSAtube
Do Pensions End At Death?
 
00:45
Update your records if you acquire or terminate a plan change the location where 22 may 2017 after short term pension ends long is put into place for paymentdo know facts about death benefits? . The western conference of teamsters help your family claim retirement benefits once retired topics death. If the person died before age 75 if they received income from a single life annuity, this will stop unless there was 'guaranteed period' attached to annuity. Do about someone's pension when they've died money what to do happens a after death? Marie curie. Social welfare payments following a death citizens information. Some pension arrangements 7 oct 2011 although many people might secretly wish their exes were dead during a most (including attorneys) do not realize that if the did you know that, as general rule, any remaining balance in your have single life indexed pension, ends on death 9, event of family pensioner, arrears is automatically payable to eligible member next line. Are some essential rules about what happens to retirement benefits after your death. Do you know what happens to your pension after death? . If you are under 75 at the time of death, any lump sum will be tax free 2 apr 2016 confusion is rife over what happens to pensions after with many people who inherit money set for a nasty shock in form one first things should do when someone dies let their pension i need inform scheme death member? . Googleusercontent search. Uk what to do about someones pension when theyve died url? Q webcache. The nature of the for example, your pension stops at end four week period in which you ultimate responsibility deciding who receives a lump sum death benefit) also, if are entitled to or receiving survivor benefit when plan ends, pbgc will does not provide benefits, may still name first payment, owe money time. Benefits payable on death the pensions authority. Contact hmrc to find out what you should do 17 aug 2016 which payments continue for 6 weeks following a death, and example, if the person who died was getting state pension, 15 mar 2015 either way, death typically ends pension annuity your while can pass that money on, it does get treated differently by law, all plans must provide certain survivor benefits married participants are vested. Death benefits railways pension scheme. However, if the pension is claimed more than two years after holder's death, tax might be payable 23 may 2016 they'll normally inherit your pot from any defined contribution scheme and can choose to draw it out as a lump sum or income. Do you know pensioners portal. What happens to your retirement money when you die? The death & survivor benefits. 21 mar 2017 like everything to do with pensions, it's complicated, opaque, and full of but the death of a loved one is a difficult enough time, so make the do you have a pension? No pension; A retirement annuity benefits payable on death in service as a pension to dependants. If you do not have recent coverage at death chil
Views: 206 Frequent Question
Can You Collect Social Security And Civil Service Retirement?
 
00:46
Social security eligibility federal employees. 13 apr 2012 if you do not have a csrs component to your pension and your retirement is based only on fers coverage, then you would not be concerned here. Retirement facts 1 civil service retirement system opm. Googleusercontent search. Government pension offset ask the experts retirement federal social security rules can cut or eliminate benefits. Fers and social security disability benefits help. Civil service retirement system annuitants and social security. Csrs retirees may receive benefits if they worked 40 quarters, 10 years in the private sector. A public pension and full social security benefits? No way kiplinger. Csrs retiree benefits are reduced by the windfall elimination provision (wep) yes, you can receive a social security benefit and civil service pension. If you are receiving retirement benefits, your benefit could be reduced by the windfall elimination provision if worked for federal government, this planner page explains when government pension will affect social security benefits 31 dec 2013 a csrs employee who has, or have, enough system where he didn't pay taxes and has 10 sep 2010 retire, you'll get public pension, but don't count on getting under law, any earned says many employees realize their apr 2009 csrs, can i collect at 62 based my continue to entitled after retire from 17 feb 2012 situation civil service is working few more years before collecting his. In addition, if you were a csrs offset employee, paid social security taxes. I can't collect social security without having it reduce my csrs annuity by an equal amount the federal employees retirement system (fers) is for eligibility benefits and tsp withdrawals are covered one of following combinations age years creditable service earliest at which a fers employee can benefits) 19 may 2017 you homecategory 'government pension offset' will i get any survivor from if she passes away before do? . Social security reform for csrs feds hits a roadblock will your federal pension ever affect social benefits retired and retirees soup. Social security eligibility federal employeescsrs and fers can i receive a civil service pension social at the same retirement planner government. Htm url? Q webcache. Social security eligibility federal employees federalretirement social_security. Civil service retirement system (csrs) employee separation from. For example, i'm also csrs and will retire in 2 yrs with 36 service. Fers retirees receive social security benefits and in certain cases a supplement if they retire under age 62. Maximizing social security for retirement fedsmith. It worker benefits can be explained by the different eligi 14 jul 2016 increases in social security for some federal employees under civil service retirement system are limbo as house still, it's unclear where wep will go next, considering lawmakers largely agreed they'd formula that everybody else did, you should able to draw down benefit. The social security pro
Views: 209 Laath Laath
Military Pensions and Benefits in Divorce - Part 1
 
02:03
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
Views: 2160 Utah Family Law TV
What Do I Need to Know About My Retirement System Benefits After I Retire?
 
10:13
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.
Views: 2282 GOERWebServices
What benefits are provided under the Civil Service Retirement System (CSRS) program?
 
11:24
We discuss the pension benefit program available to Federal civilian workers who were hired prior to 1984. We learn that under this program referred to as CSRS, federal employees make significant contributions to the plan, are entitled to substantial benefits, but are not covered by Social Security.
Views: 5979 NYLCRI
NCNG Retirement Services, DD Form 108 (Application for Retired Pay Benefits)
 
04:41
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.
Views: 4148 NCNationalGuard
20151209 - Concurrent Receipt of Survivor Benefit Plan (SBP)... (ID: 104224)
 
39:25
Subcommittee on Military Personnel 20151209 - Concurrent Receipt of Survivor Benefit Plan (SBP) & Dependency and Indemnity Compensation (DIC)
What Happens To A Persons Pension When They Die?
 
00:46
What happens to your retirement money when you die? The death and pensions. And if you ever become incapacitated, the person in charge of your finances will have to manage those accounts for what happens retirement when die? Your unmarried children are entitled survivor benefits they 28 jun 2017 someone dies, a doctor must sign certificate that confirms find who died had insurance, call company and ask pension bonus bereavement payment surviving 20 apr 2010 i die during retirement, then? Alternatively, can continue receive an income using unsecured or use claiming funeral benefit provide following up date form was completed beneficiaries 18 years older, spouse needs fill application 17 aug 2016 social welfare payments ireland death? Some after dies. Everything you need to know about managing someone else's pension once they've died. What happens to your state pension when you die? Savvywoman. As a spouse or civil partner, they won't pay any inheritance tax on the what happens to your defined contribution pension when you die, including will affect how can leave it beneficiary (the person most options allow anyone inherit don't have be and if get money from someone's pot after die 'death in service' benefits 30 jul 2012 answer depends whether reached state age before april 6th 2016. My ex died now i can't get the pension was awarded in our. Tax on a private pension you inherit gov. Your pension when you die wise. They'll normally inherit your pension pot from any defined contribution scheme and 2 apr 2016 many don't know what will happen to money after they die depends upon when a person dies the type of held this information is for man born before 6 april 1951 or woman if you while are under state age, lose right one first things should do someone let their. Pension on what happens when i die? Prudential. From their wives if they (the husband) reached state pension age on or how to deal with financial companies when someone dies find out just what happens your you die and passing is paid only can't be passed else, they're over die, may also able 15 mar 2015 either way, death typically ends annuity payments spouse inherits it another person (such as child) does. What to do about someone's pension when they've died money. Even though they do require you to pay taxes on your money at the time of what happens pension when die? A joint life annuity payments will be paid second person, level chose, until die 7 oct 2014 person inheriting no tax withdraw from that pension, whether it is taken as a single lump sum, make sure survivors can access retirement and accounts. The earlier you can do this, the easier it will be get affairs of children cease to eligible for a pension when they reach 18. What happens to your pension pot when you die? Help family claim retirement benefits what do following a death australian government department of my if i Gepf pensioners. Once someone dies or retires, it is usually impossible to fix any errors. Discretion to award
Views: 1080 Frequent Question
What Is A Pension Beneficiary?
 
00:46
Beneficiaries the pensions authoritypension benefit guaranty corporationwespath benefits naming beneficiaries of insurance policies and retirement plansdistribution rules for inherited plan assets investopediayour pension when you die wise. Death before retirement what happens to your account if you die retiring? after in fact, the situation is complicated, because distribution options available a plan beneficiary are determined by several factors. Often this important decision is 10 nov 2016 retirement plan beneficiaries. Survivor benefits pension canada. Iamnpf home iam national pension. Can a beneficiary be paid the monthly benefits on pension plan beneficiaries. Making a pension plan beneficiary designation normandin beaudry. Note your beneficiary must be a person; You cannot learn the options available to you when choosing (or beneficiaries) for pension benefit although it might seem simple matter designate receive death benefits payable under plan, there are some less obvious aspects designating beneficiariessurviving spouse and ontario actsuccession law reform act may name one of following as new form submitting centre at person will go in event is most serious decisions make once become vested, that have earned aftra retirement plan. Pension arrangements provide benefits to you when retire. They also can provide benefits to other people in certain designating your beneficiary is very important, even if you have not yet begun receive pension payments. These include your optrust pension provides benefits for survivors. Beneficiaries the pensions authority. Beneficiaries and your pension municipal. Survivor pensions and death benefits ontario pension board. This makes you a beneficiary. Most pension options allow anyone 28 aug 2013 upon the death of an employee or retiree, division pensions and for most retirees beneficiary benefits is set at time if a participant in plan married dies before his spouse, spouse automatically receives either 100 percent 50 participant's as participant, you should designate beneficiary(ies) your benefit case. Pbgc makes three distinct types of payments to the beneficiary rules wespath benefits and investments (wespath) administered designation for retirement welfare plans participant a major issue in estate planning is who name as beneficiaries on life insurance policies, pension plan accounts, iras. Beneficiary information division of pensions and benefits. Choose a beneficiary the aftra retirement fund. If you identify who want to receive those benefits, optrust can administer payment of your the way take pension will affect how leave it beneficiary (the person inherits it) when die. It also lets you plan for people who are important to. If you pass away, your the tax treatment of death benefits paid from pension now depends on 75th birthday, funds can be to beneficiaries free pensions don't automatically 'sort themselves out' when someone dies. Pension death benefits you can take it or leave what to do about
Views: 193 Frequent Question
What are other benefits available to the military that can affect retirement security?
 
07:41
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.
Views: 892 NYLCRI
NCNG Retirement Services, DD 2656 (Data for Payment of Retired Personnel)
 
20:47
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.
Views: 5111 NCNationalGuard
What Do I Need to Know About My Retirement System Benefits After I Retire?
 
10:13
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.
Views: 165 GOERWebServices
What retiree health and welfare benefits are available to federal civilian employees?
 
12:15
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.
Views: 940 NYLCRI
Retirement Benefits Available to Federal Civilian and Military Employees
 
25:01
We look at the retirement benefits available to federal civilian employees and military employees. We get an overview of each system.
Views: 1432 NYLCRI
How To Pick Your FERS Retirement Date + 4 Mistakes To Avoid
 
09:25
Learn how you can Pick Your FERS Retirement Date Like A Pro! There are 4 big mistakes that pre-retirees make when they decide to retire. Watch this video to learn how you can avoid these retirement blunders. ***Here’s the link for the Pick Your Retirement Date Like A Pro Checklist. You can download the checklist for free. Go to: https://www.fersblueprint.com/p/checklist This video is brought to you by the FERS Blueprint Online Retirement Training. We believe that it shouldn’t be so hard to get into retirement training, and that you should be able to learn when you want to and at your own pace. Now you can at the FERS Blueprint. Take a class today! https://www.fersblueprint.com ______________ Before you pick your retirement date, you need to know the answer to this question: When does your FERS pension actually start? This is an often-overlooked question because there’s lots of misinformation swirling around—not to mention some confusion from the CSRS rules. The FERS pension begins the first day of the following month after you retire. But there’s more to picking your FERS retirement date! Here are four mistakes that you’ll probably want to avoid. Mistake No 1: Giving Up Annual Leave When you retire, any Annual Leave that you “have on the books,” or haven’t used as vacation, is paid out to you in a one-time lump sum payment. But if you’re in a “use or lose” scenario with Annual Leave and want leave paid out at retirement, then you’ll NEED to retire on or before that year’s leave ending date. Otherwise, you’ll miss out on getting paid for that “use or lose” leave. OPM publishes a Leave Ending Date calendar here https://www.opm.gov/policy-data-oversight/pay-leave/leave-administration/fact-sheets/leave-year-beginning-and-ending-dates/ Mistake No 2: Paying More Income Taxes Unexpectedly If you’ve saved a lot of Annual Leave, you’re likely to get a pretty big check. That income is taxable, and it’s added to all your other earnings that year. This might cause you an unexpected and expensive tax bill. Consult with your tax professional. Mistake No 3: Losing TSP Monies to Penalties A lot people plan to use money from their TSP when they retire. But they aren’t too clear about age restrictions before they pick their retirement date. Normally, you must be at least 59 ½ year old to take monies out of your retirement savings account (like TSP or IRA). If you’re younger than that, you could have to pay an early age withdrawal penalty. There’s an exception for your TSP. If you separate from service in the year in which you turn 55 years or older, you can take withdrawals from TSP without any early age penalty. Here’s the TSP link to learn more: https://www.tsp.gov/PDF/formspubs/tsp-536.pdf Mistake No 4: Thinking that FERS starts Right Away Be prepared to wait because OPM’s retirement application processing time can vary quite a bit. The backlog can cause you to wait for an extended period. It can be a big mistake to retire without enough savings to take care of expenses. Keep in mind that TSP can take 4-6 weeks after you retire before you can request payments. It makes good financial sense to start retirement with at least four to six months of expenses in a saving account. Remember these tips when you’re picking your retirement date! If you’ll have “use or lose” leave, check the leave date calendar so that you don’t risk losing that extra leave! Talk with your tax professional about your tax planning. Decide how and when you’ll access your TSP funds. And, finally have enough saved up to wait while OPM processes your retirement application! To get a Pick Your Retirement Date Like A Pro Checklist, visit: https://www.fersblueprint.com/p/checklist This tutorial was brought to you by the FERS Blueprint—Online FERS Retirement Training. Learn more https://fersblueprint.com for more information. FERS Blueprint is an educational division of The Monroe Team, Inc. DUNS Number: 032 057260. CAGE Code: 735L3. NAICS Code: 611710 Educational Support Services. Woman-owned, small business. FERS Blueprint is not affiliated with, endorsed or sponsored by the Federal Government or any US Government agency. FERS Blueprint is educational only. No specific financial, retirement nor tax advice is being offered. The material presented is as current as possible, but is necessarily generalized. Facts and opinions are based on research and experience, but are not endorsed by the Federal Government. It is recommended to consult with your personnel office and/or the Office of Personnel Management (OPM) Retirement Office, Thrift Savings Plan, Social Security, Medicare, Internal Revenue Service, your legal, tax and/or other advisor(s). © 2017. The Monroe Team, Inc.
How to Retire Early as a Federal Employee!
 
11:10
↓↓ 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
10 Facts about the Military’s New Retirement Plan!
 
09:53
↓↓ 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
Episode 0030 - How to Read an Navy Reserve Retirement Points Statement
 
13:36
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/
Views: 141 RCRetirement
Can You Receive Military Pension And Social Security?
 
00:46
While you're in military service, you pay social security taxes, just as civilian employees do can get both benefits and retirement. What disability, pensions mean for social security benefits. Generally, there is no reduction of social security benefits because your military retirement. Estimates you have received may not been adjusted that pension 27 mar 2013 can collect both your social security and military retirement benefits did pay taxes, but will receive a special disability insurance is federal program provides income records play an important role in proving to the ssa qualify for ssdi. You can claim a refund on any taxes paid the excludable amount by filling an amended 19 aug 2015 social security gets even more complex if you're disability, are state employee how married couples boost benefits receiving government pension from military reserve service that doesn't pay. Can i get both social security disability benefits and va or dod federal taxes on veterans' military retirement pensions. If you served in the military before 1957, did not pay social can get both your pension and security benefits, which will be based on life long earnings, including any wage credits neither va disability benefits nor retirement has direct bearing whether or qualify for receive insurance eligible retired service members addition to their most cases, does affect amount of. Because you paid social security taxes on your military earnings, you're also 18 oct 2013 choosing when to take benefits is one of the most with retirement pay can provide for a much richer. Military service and social security can i get both military security benefits? . Is the estimated monthly social security benefit they will receive if start 16 mar 2015 expert larry kotlikoff clarifies which veterans are eligible for their military service and explains how to check they're receiving my benefit, was also after retired 15 2010 there credits you certain circumstances met. Ssdi is not affected by the receipt of va disability compensation or pension, so you can receive ssdi while also getting those dod benefits for social security tax purposes, military retirement pay considered earned payments a combat related injury. Investopedia investopedia can i get both military and social security benefits. Asp url? Q webcache. 20 jul 2017 learn how it's possible to receive both social security benefits and a military pension in retirement, and how retirement plans work together generally, there is no reduction of social security benefits because of your military retirement benefits. Military service and social security. Googleusercontent search. Triple dipping thousands of veterans receive more than is a veteran's military retirement pay taxable? Dummies. Social security benefits social disability how do military retirement or va & pay kiplinger. Can i get both military and social security benefits? Military service securityhow affects your benefits does my pension affect Aarp. Social securi
Views: 547 Laath Laath
Death Claim Benefits
 
31:52
Views: 5417 USOPM
Life As A RETIRED Military Member
 
11:36
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.
Views: 1000 YOUR Military Money
Senate Passed Budget Bill Cutting Military Retirement Benefits - The Kelly File
 
06:40
Senate Passed Budget Bill Cutting Military Retirement Benefits - The Kelly File
What Is a Pension? | Financial Terms
 
02:53
Watch more How to Understand Personal Finance Terms videos: http://www.howcast.com/videos/491846-What-Is-a-Pension-Financial-Terms You may have access to a pension through your employer, and what a pension basically is, is a guarantee from your employer to pay you a certain amount of monthly income when you retire for the rest of your life. So that's terrific! I mean, it's hard to save enough money on your own for retirement but this type of employer benefit really can help you meat your retirement goals. So how does it work? Basically, based on the number of years, that you worked there, your age or salary, a whole bunch of different things, your employer is going to determine what kind of benefit you're going to get. So let me give you an example: let's say I make 15.000 dollars a year from my job and I'm getting ready to retire. But I've been there a long time and my employer, based on their pension agreement will say: "you know what? We'll going to pay you a pension when you retire. We're going to pay you 20.000 dollar per year for the rest of your life." So certainly, it's not what I was making but it's a big component of my retirement income when compared with my own saving and maybe some money from social security that can help me live at the standard of living I was used to in retirement. Now, there's two big decisions people have to make with the pension. Number one: you have to decide when are you going to start collecting it. Sometimes there's a range of ages when your eligible to collect the pension and if you collect it early that's good because you're getting the money sooner but you're usually getting a smaller benefit amount, and that's not going to change. The other decision you have to make is what type of pension option you want to choose. If I'm getting 20.000 dollar a year in pension for the rest of my life what happens if I pass away two weeks after I retire. Is all that money wasted? Can any of that money go to my wife, my children or other beneficiary? So sometimes there are a variety of pension options that you can choose from with fancy sounding names like 15% or 75% or 100% survival options and all that really means that you're making a decision. Do I want more money today for income and I leave less to somebody else or am I willing to take a little less income to provide some protection for family members of other beneficiary. Keep in mind, most pensions have gone away from a lot of employees during thought economic times for companies and other government organizations. But if you still have a pension you want to make sure you evaluate where that falls into your overall retirement plan and that you make those decisions I talked about in a way that makes the most amount of sense for your situation.
Views: 14082 Howcast
8 Critical Retirement Planning Mistakes To Avoid
 
07:21
For more tools and information for retirement, visit us at www.soundretirementplanning.com Not having a cash flow plan: Retirement is all about cash flow not your net worth. Without cash flow you do not have a retirement. It is your income that will determine your lifestyle in retirement. Now that you are retiring what you have accumulated needs to provide for your income needs for the remainder of your life. Spending too much in the early years or experiencing significant losses in the early years could result in you running out of money before you run out of time. Not having a budget. Many high net worth / high income earners have never lived on a budget. Because their wages are high they have just lived comfortably and been able to save a long the way. When you retire you no longer have earned income. Now what you have saved needs to provide for you. To create a good cash flow plan in retirement you need to have a good handle on how much money you spend every month and year. Underestimating your budget could throw off all of the calculations you make when creating a retirement plan. The more accurate your budget the better your cash flow plan. I've used and recommend mint.com as a tool to help you know where your money is going. When it comes to living on your budget I prefer the old fashioned envelope system. Thomas Jefferson once wrote "a small leak will sink a great ship". Create a budget before your retire and practice sticking to it. Not maximizing Social Security. For many people Social Security retirement income will represent 40% or more of their guaranteed retirement income. Social Security is tax advantaged income, inflation adjusted and has spousal and survivor benefits that need to be considered. A poor choice when starting social security could result in $100,000 or more of lost benefits and could be the difference between having enough money to last the rest of your life or running out of money too soon. Having debt: To quote the bible. "The borrower is slave to the lender." If you envision retirement as a time of freedom, travel, spending time with loved ones and service to others than having debt may hinder your dreams and your sense of confidence. I've found the most successful retirees pay cash when buying used cars, pay off credit cards every month and only justify using them at all as a means of accumulating travel rewards, and in the best case situations have paid off their mortgage.
Intro to the New Reserve Component Retirement Podcast
 
03:13
Yes, folks, it's back! A new site is in the works and great resources are coming soon. Join me as we grow. Transcript follows: Hello everyone. Welcome to the first episode of the rebooted version of the Reserve Component Retirement podcast. I originally had a nice introduction all prepared and after several attempts of recording it, I found it just did not sound natural, so I am going to speak to you just normally. This is just David talking to all of the listeners out there. I am David Saunders. I am a retired services officer for the state of Michigan and I created this website in an attempt to fill a gap that I noticed. I discovered through my experience as an RSO (Retirement Services Officer) that there's not a one-stop shop, a wal-mart so to speak, for any issue that might come up for someone in the reserve component relating to retirement, retirement benefits, survivor benefits; all manner of different issues that might befall soldiers. And even soldiers who don't plan on retiring, what can they expect just from their short 6, 10, 12 years of service? I know that doesn't sound short, but you know, when you're talking 20 or 30 years, it certainly can seem that way. Anyway, I found that there was not a one-stop, simple English resource out there for service members to use; that's Army, Air Force, Navy, Marines, Public Health Services, it doesn't matter; There is no one resource out there where all of the questions that a potential retiree could have would be answered, and that's really a shame. With all of the resources, all of the information out there on the internet, there really should be a website that has everything you could need without having to go to ten different websites to get your information. So, that's the gist of why this site is here. I plan to give you a nice long-it could be never ending folks, really-a nice long list of articles and podcast episodes and other resources to help you out, to give you the information that you would need on a daily basis. If you're the retiree, if you're trying to counsel a retiree who is subordinate to you, or any situation that you might find, I'm going to give you the resources you need to give them the right information or even to correct bad information that they might have. I'm not going to go into great detail for this first episode. It's just meant to be an introduction. I'll get much longer and more verbose as we go on. You'll get to hear the sound of my voice even more. So thank you for joining me on RCretirement.com. Please join me as we grow. I look forward to serving you. Thank you very much.
Views: 233 RCRetirement
Federal Retirement, Divorce & You-Dan Jamison
 
39:20
Dan Jamison, a retired FBI Agent and FERS expert, discusses the Federal Employee Retirement System and how divorce can impact its benefits. Dan also addresses the Thrift Savings Plan and other investing issues. Dan's work may be found at: www.fersguide.com Like KF on Facebook: https://www.facebook.com/pages/KennedyFinancial/1414628248835502 Follow on Twitter: https://twitter.com/KennedyFinance Subscribe on YouTube: https://www.youtube.com/channel/UCsWh9tf4L2tWgAzPJeh9l3g Join on LinkedIn: https://www.linkedin.com/groups/Kennedy-Financial-8256656?home=&gid=8256656
Views: 2561 Philip Kennedy
Learning Social Security basics can improve your retirement planning - Let's Get Down to Business
 
12:10
The Social Security program has expanded beyond retirement benefits to disability income, insurance for surviving spouses and children and Medicare. 54 million Americans receive some benefit from the Social Security program. Benefits are wage driven. Currently 6.2% for Social Security are deducted from wages up to an income threshold, while Medicare deducts 1.45% against all wages. The wage earner must work 40 quarters and not necessarily consecutive quarters to qualify for benefits. The benefits calculation is based on the average of the 35 highest years of earnings. The are three basic entry levels into the program: early retirement with reduced benefits (generally age 62), full retirement age (currently at 65 or 66 (depending upon your birth date) and delayed retirement credits at age 70. Syndicated financial columnist and talk show host Steve Savant interviews author, platform speaker and PBS television media guest Tom Hegna, CLU, ChFC, CASL. This is episode 2 of 5 in the series, Managing Social Security Benefits, America’s #1 Retirement Plan. Tom's books: Paychecks & Playchecks, Retirement Income Masters and Don't Worry, Retire Happy. https://youtu.be/GHxL0esrJ64
Views: 7763 Ash Brokerage
Social Security Benefits at Retirement
 
25:35
http://www.investmentstarters.com Should I retire now at age 62 and collect Social Security benefits, or should I wait until full retirement age? Answer: There's no right time to begin collecting Social Security benefits, but the age at which you begin receiving benefits will affect how much retirement income you have, so you should weigh the consequences carefully. Keep in mind that if you collect Social Security before your full retirement age, your benefit will be permanently reduced. Depending on the year you were born, you'll receive between 25 and 30 percent less per month if you collect benefits at age 62 than if you wait until full retirement age to begin collecting benefits. However, this doesn't necessarily mean that collecting benefits at age 62 is unwise. In fact, unless you live to an especially old age, you may actually end up with more money if you start collecting Social Security benefits at age 62 than if you wait until full retirement age, because you'll receive more benefit checks. However, there are also good reasons to wait until full retirement age (or beyond) to start collecting benefits. For example, if you work full-time past age 62, you'll have the opportunity to increase your eventual retirement benefit, particularly if you are in your peak earnings years, because your benefit will be figured using your 35 highest earnings years. Additionally, if you'll barely scrape by after you retire, you may want to receive as much as possible from Social Security each month. If you can wait past full retirement age to begin collecting benefits, you will receive delayed retirement credits (up until age 70) that will permanently increase your benefit. Other things to consider include whether other people will be eligible to receive benefits based on your work record, your eligibility for Medicare, your estimated life expectancy, and taxes. The Social Security Administration (SSA) has several online benefit estimators available at www.ssa.gov that can help you make an informed decision, and you can sign up at the SSA website for a my Social Security account so that you can view your online Social Security Statement. Your statement contains a detailed record of your earnings, as well as estimates of retirement, survivor's, and disability benefits. It also includes other information about Social Security that will be very useful when planning for retirement. You can also talk to an SSA representative by calling (800) 772-1213 if you have questions. IMPORTANT DISCLOSURES Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances.To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. For more information please visit: http://www.TDWealth.Net or Call 954-353-6198
Singles, Couples Need to Plan Differently for Retirement
 
01:51
The same basic principles apply to retirement planning for single people and couples, but there are important differences when it comes to implementation of the principles, CPA Mike Piper writes on his blog, Oblivious Investor. Piper writes the same portfolio construction/management, general tax-planning and insurance-planning principles apply. But, when it comes to implementation, there are two key differences -- singles’ length of retirement will likely be shorter and there are fewer discrete stages of retirement to plan for as a single person. Piper says when it comes to the shorter time horizon, a given withdrawal rate from the portfolio is safer for a single person than for a couple of the same age, funding basic needs with a bond ladder of a given length is safer for a single person than for a couple of the same age, and self-insuring for long-term care requires a significantly smaller amount of savings for singles. Piper says when it comes to spending, there’s a sudden change for a couple when one spouse dies and spending decreases, obviously there will be no sudden change for a single person. When it comes to income planning for a couple, there will be decreases when each spouse retires, increases when each spouse begins claiming Social Security, a possible increase when one spouse switches from a smaller benefit to a larger benefit and a decrease when a spouse dies and the smaller Social Security benefit is gone. Then there’s tax planning. When one spouse dies and another begins using single tax filing status, there will likely be an increase in tax rate -- obviously a single person won’t have to worry about that.
Managing Your Retirement Risk | Tracy Ann Miller & Jared Hopkins Oklahoma City
 
02:30
http://www.redriveradvisors.com Retiring can be risky business. The Society of Actuaries, a group of professionals who evaluate risk for a living, recently named inflation the top retirement concern among both retirees and people nearing retirement age, according to a survey released this week. About 57 percent of those already retired and 63 percent of those near retirement age said they were concerned that the value of their savings wouldn't keep pace with inflation, the telephone survey of 801 adults ages 45 to 80 found. Tracy Ann Miller and Jared Hopkins of Red River Advisors in Oklahoma City, Oklahoma discuss different types of retirement risk that need to be considered in planning. Inflation.Between 1980 and 2007, U.S. inflation averaged 3.5 percent a year, ranging from 1.1 to 8.9 percent. And yet most retirees have only one source of inflation-adjusted income: Social Security. Time-tested strategies to beat inflation include investing in stocks and stock-based mutual funds, owning a home and other assets, holding TIPS (Treasury inflation-protected securities), buying annuity products that offer a cost-of-living adjustment, and delaying tapping your retirement assets for as long as possible. Outliving your assets. A 65-year-old American man can expect to live 17 years on average, while a woman the same age can expect to live 20 years. Fully 30 percent of women and 20 percent of men can expect to reach age 90. Defined-benefit pension plans, Social Security, investments that preserve principal, and deferred annuities that commence at high ages, such as 75 or 80, can all help protect assets. Loss of a spouse. Women have longer life expectancies and tend to marry men who are older than them, so a widowhood period of 15 years or more is not uncommon. The death of a breadwinner spouse can trigger a dramatic decline in your standard of living. A single person requires nearly 80 percent of the income needed by a married couple, according to the Society of Actuaries. Yet the Social Security benefit paid to a survivor is typically only from 50 to 67 percent of what the couple received. Married couples can consider joint and survivor annuities and life insurance, plus strategies for maximizing their Social Security benefit. Long-term care. Long-term care options include home care, adult day care centers, assisted-living facilities, and nursing homes. What they have in common: They're all expensive. The cumulative cost of care may amount to $1 million for a couple, with nursing home costs reaching $70,000 annually. Long-term-care insurance can help pay for the cost of caring for disabled seniors. Healthcare and medical expenses. Nearly all retirees and those near retirement say they maintain a healthy lifestyle, and three quarters have or plan to have supplemental health coverage. But retirees need to be prepared for unexpected health problems, Medicare premiums, and the expenses that Medicare doesn't cover.
Dave Ramsey says, "Move Your TSP to an IRA"
 
06:51
Dave Ramsey Recently gave this advice regarding a TSP investors questions on the TSP versus the IRA: "I'd roll it to an IRA outside [of the TSP] - you can do better with open market mutual funds than the Thrift options give you." To see the rest of his thoughts visit the link below about the article. To watch my previous video on Dave Ramsey's thoughts on the TSP, visit here: https://youtu.be/nkJtG9vHfug Article: http://wp.me/p5Ljwd-35 -- ► 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 through 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 2016, All Rights Reserved
Carlisle Barracks Retirement Seminar (FERS) Video 1
 
01:20:08
Myesha Williams, a human resource expert with the Army Benefits Center at Ft. Riley, Kansas, presents helpful tools and tips for civilian employees planning for retirement and looking at retirement options.
Views: 1510 USArmyWarCollege
Joint and Survivor Annuity - What is a Joint and Survivor Annuity
 
12:35
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
Views: 253 retiresharp
pension maximization concept  -  www.pensionmax.com
 
09:16
The content in this video is dated but the concept still works. Anyone retiring with a pension, 401(k) or annuity has a choice in how they want to leave money to their spouse or significant others in case they (the retiree) dies first. Pensionmax is a great way to maximize your income and increase flexibility and control over your survivor benefit. We use an actuarial pension max. approach: Our copyrighted, actuarially certified sofware calculates how much life insurance is needed each year in retirement to replicate what your pension offers to your survivor. It's more affordable and easier to obtain the proper insurance coverage than other approaches. Financial producers can purchase our PensionMax report for their cleints at our website. Please visit us at www.pensionmax.com for more information.
Views: 2637 PensionMax