Description
This two-day elective course will give students practical insight that they will need to make informed decisions about retirement. They will receive a summary of the components of developing a basic financial plan. Students will gain valuable information on retirement planning information related to the Federal Employee Retirement System (FERS). Learn how your health, life insurance, and other benefits carry over into retirement. Learn about types of Medicare and enrollment and how Social Security benefits are calculated. Learn about Thrift Savings Plan investments and withdrawal options.
Learning Objectives
- Identify your retirement income needs and develop a basic understanding of developing an appropriate financial plan
- Determine when you are eligible to retire, and understand how your basic annuity will be computed
- Identify and calculate Social Security benefits, and TSP investment and withdrawal options
- Understand the major steps involved in the retirement application process
- Identify your federal health and life insurance benefits after retirement
Course ID
PRT FERS-EL
Length
2 Days
CLPs
16
Modality
In-Person
Virtual