Category: Betty Morales

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Three Social Security errors that retirees should avoid at all costs

Social Security is the largest federal program in the US. Benefit pay…

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Health Benefits in Retirement: A Guide for Federal Employees

Health Benefits in Retirement: A Guide for Federal Employees Key Takeaways: Medicare, FEHB, and long-term care insurance are essential components of retirement healthcare coverage for federal employees. Understanding the options available and planning ahead can help retirees secure comprehensive healthcare benefits and financial security in retirement. Introduction Planning for retirement involves more than just saving… Continue reading Health Benefits in Retirement: A Guide for Federal Employees

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Early Bird or Night Owl? Maximizing Your Federal Retirement Payout

Early Bird or Night Owl? Maximizing Your Federal Retirement Payout Key Takeaways: Start early, contribute consistently, and explore tax-efficient withdrawal strategies to maximize your federal retirement payout. Understand the various retirement options available to federal employees, seek professional guidance, and regularly review and adjust your retirement plan for optimal results. Introduction Planning for retirement as… Continue reading Early Bird or Night Owl? Maximizing Your Federal Retirement Payout

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Decoding the Puzzle: Understanding Your Federal Retirement Benefits

Decoding the Puzzle: Understanding Your Federal Retirement Benefits Key Takeaways: Mastering the nuances of FERS, CSRS, and the Thrift Savings Plan is crucial for federal employees planning their retirement. Early retirement options require careful consideration of eligibility criteria and potential trade-offs to ensure a smooth transition into retirement. Introduction Navigating the intricacies of federal retirement… Continue reading Decoding the Puzzle: Understanding Your Federal Retirement Benefits

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Do I have to enroll in Medicare at 65 if I’m a military retiree with Tricare?

Yes. After 65, you must enroll in Medicare Parts A and B to keep Tricare.

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Saving For Retirement Healthcare Costs – Doesn’t Medicare cover those?

According to Fidelity Investments’ 21st annual Retiree Health Care Cost Estimate, a 65-year-old couple retiring this year may expect to spend an average of $315,000 on healthcare and medical cost…

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