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COURSE TITLE: The FERS BlueprintTM 2019 / 2020 Retirement Plan Builder (Pre-Retirement Planning Training)
INSTRUCTOR: Kelly L. Monroe, Founder of the FERS BlueprintTM Retirement Training System
INSTRUCTIONAL METHOD: Simple concrete lessons, case studies, and hands-on practice worksheets give employees a firm grasp of the full value of FERS retirement.
INSTRUCTIONAL DELIVERY:
On-Demand Training: 15 dynamic and interactive retirement training videos organized into 7 course modules.
Availability: Convenient online access 24/7 on any internet-connected device, such as your smart phone, tablet, or PC/Laptop, for a full 12 months.
Retirement Benefit Questions: Instructor provides personalized answers to employees’ benefit questions in the private Members Only Forum for a full 12 months.
Spouse/Partner: Employee’s spouse/partner is welcome to view the course at no additional cost.
Support Services: We provide support for technical issues related to our online training. Employees can email or call for assistance.
COURSE MATERIALS:
- FERS BlueprintTM Toolkit Resource Guide and Action Plan
- FERS BlueprintTM Retirement Vision Snapshot
- FERS BlueprintTM Resource Checklist
- FERS BlueprintTM One Page Retirement Planner
- FERS BlueprintTM Current Expense Checklist
- FERS BlueprintTM Retirement Assessment
- Thrift Savings Fund Information (TSPLF14)
- Social Security Sample Statement Wanda Worker
- OPM FEHB/Medicare Fast Facts
- FERS Immediate Retirement Application (SF 3107)
COURSE OUTLINE:
MODULE 1: FERS PENSION [Regular and Special Provision Employees]
- FERS Immediate Retirement [Regular and Special Provision Employees]
- Retirement Eligibility
- Creditable Service
- FERS Service/Unused Sick Leave/Deposit/Redeposit Service/Military Service
- Pension Calculation
- Compare Two Retirement Date Scenarios
- FERS Supplement Calculation/Earnings Limits [Regular and Special Provision Employees]
- Survivor Benefit Election Options with Case Study
- FERS COLA
- RSCD Personnel Record Verification [Essential for an accurate FERS calculation by OPM]
MODULE 2: SOCIAL SECURITY
- How To Read Your Social Security Statement
- How Social Security Is Calculated
- Early Retirement, Full Retirement Age or Delayed Retirement
- Social Security Calculators and Planning Resources on SocialSecurity.gov
- Compare Different Retirement Planning Scenarios with Social Security Benefit
- Spousal Benefit Post 2015 Bipartisan Budget Act
- Survivor Benefits
- How Much Can You Earn And Still Receive A Social Security Benefit
- Social Security Payment Schedule
- Social Security COLA
MODULE 3: THRIFT SAVINGS PLAN
- TSP Contribution Limits
Calculate Current Contribution
- TSP/TSP Roth Regular
- TSP/TSP Roth Catch Up Contributions
- Assess Possible Increase In TSP Contribution
- TSP FERS Match—Don’t Miss Out!
- Over contributions vs Under contributions
- Assess Current FERS Match
- TSP vs TSP Roth Comparison (Case Study)
- Building Your Investment Strategy
- TSP Investment Funds/Individual Funds + L Funds
- Balancing Risk and Reward
- Determine Investment Objective and Time Horizon
- Risk Management
- Allocate Investment
- Schedule Periodic Review
- TSP Withdrawal Options at Retirement
- Age Requirement/Exceptions [Regular and Special Provision Employees]
- TSP Modernization Act
- RMD/TSP Annuity/Monthly Payments/Transfer to IRA
MODULE 4: HEALTH INSURANCE COVERAGE
- FEHB (Health Insurance)
- FEHB Eligibility/Coverage Change
- Retirement Election Eligibility Requirements for Spouse
- FEHB Share Of Cost In Retirement/Post Tax Premiums
- Open Season in Retirement
- Medicare
- Medicare Part A, B, C, D
- FEHB & Medicare Enrollment Options/Tricare For Life
- FEHB and Medicare Part B Reimbursement
- Part C – FEHB Suspension Option
- Dental and Vision Coverage
- FEDVIP Retirement Eligibility/Coverage Change
- Private Pay Arrangements At Retirement
- Flexible Spending Account
- FSA in Last Year of Employment—Plan Carefully
MODULE 5: FEGLI (LIFE INSURANCE)
- FEGLI Basic, Option A, B, C
- How To Determine How Much FEGLI Coverage You Have
- Increase or Decrease FEGLI
- FEGLI In Retirement
- Eligibility Requirements/Election Options
- Case Study: Compare Cost vs Benefit
MODULE 6: FEDERAL LONG-TERM CARE INSURANCE
- What Is Long-Term Care?
- What’s Covered By Health Insurance? What’s Not?
- Case Study—Self Fund or LTC Insurance
- Formulating A Long-Term Care Plan
- How Self-Funding Impacts TSP Savings Goal
- Federal LTCi Program Coverage Options/Terms
- Applying for Federal LTCi Policy
MODULE 7: RETIREMENT PLANNING
- The FERS BlueprintTM Retirement Vision Snapshot Writing Exercise
- Retirement Planning Overview
- Integrating Outside Benefits
- Income Taxes in Retirement
- How to Use the FERS BlueprintTM One Page Retirement Planner
- Classify Income Benefits
- Classify Expenses in Retirement (FERS BlueprintTM Current Expense Checklist)
- Establish TSP Savings Goal Range
- The First Year In Retirement—Be Prepared Financially
- Estate Planning
- Updating the 4 FERS Beneficiary Designations (FERS BlueprintTM Retirement Resource Checklist)
- Naming Beneficiaries vs. Order of Precedence
- Completing FERS Immediate Retirement Application
- Making Sure HR Completed Application Accurately—Audit RSCD with Care
- FERS Pension Income Tax Withholding
- FERS BlueprintTM Retirement Assessment
- Identify Follow Up Actions
- Self-Assess Current Preparation
Need assistance? Give us a call: 888-958-0167