Be alert to fraudulent emails, text messages, and phone callsFraudsters are on the attack, using malicious email, text messages, and telephone scams designed to steal tax refunds and government stimulus checks being distributed to eligible individuals. Don’t fall for common scams: Internal Revenue Service (IRS) ChecksNo business/service can get you […]
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When should you begin to withdraw your Social Security benefits? It will depend largely on your current and future financial situation. The earliest you can begin drawing your benefits is at age 62, but it is important to know that you will only be getting 75% of your total benefits if […]
How can you maximize your Social Security benefits?
The Health Insurance Subsidy (HIS) is a subsidy payment to retired members or a qualified beneficiary to assist in the payment of health insurance cost. Eligible retirees or beneficiaries will receive $5 per month for each year of service credit earned. The payment is at least $30 but not more […]
Health Insurance Subsidy
By Keith W. Young, Chairman, DROP Advisory Council The year 2018 was the worst year for stocks since 2008. If you retired last year and invested your funds in the market, how did your money fare? The Dow fell 5.6%. The S&P 500 was down 6.2% and the Nasdaq fell […]
How to protect your DROP money in a volatile market?
When you become eligible to receive your retirement benefit, you can choose from several payment options available to you. FRS Pension Plan FRS Investment Plan There are four payment options: Option 1 is a single life annuity option, which provides a monthly benefit to you for your lifetime. When you die, […]