Social Security & Medicare/FEHB Planning

When you retire, it can become difficult navigating the many programs suddenly made available to you. As financial planners, we will assist you in filing for two of the biggest retiree programs: Social Security and Medicare.

A well thought out strategy for filing for Social Security can help you collect much more than simply filing at 62 (the earliest age you can file on your own record without a disability). We consider:

• What are your FERS annuity benefits, and will they reduce your social security income if taken early?
• How much are survivor/spousal benefits, and should one spouse delay filing?
• Will benefits reduce RMD’s in future years through increased income taxes
• An increase in Medicare premiums due to increased income.

As a federal retiree, you also may be eligible for the FEHB in retirement. When you reach Medicare age, some decisions needs to be made:

• Does it make sense to file for Medicare?
• Should I get a hybrid of Medicare and my FEHB?
• Should I give up my FEHB and look at Medicare Supplement or Medicare Advantage Plans?

We will do an in-depth analysis of your options, and present the pros and cons of each decision. We will continue to review your options throughout your retirement.

Timing your Medicare and Social Security can be tricky. Let us lay out all of your options. Start your free financial assessment here.