Pre-Retirement Planning (FERS Participants Only) (BENE7110)

Description:

Obtain the information you need to make fully informed decisions about retirement. Gain valuable retirement planning information related to the Federal Employee Retirement System (FERS). Learn how Social Security benefits are calculated, and how your health and life insurance benefits carry over into retirement. Learn about Medicare and Thrift Savings Plan withdrawal options. Receive an overview of financial and estate planning.

Who Should Attend?

Federal employees covered by FERS who are within 10 years of retirement. Employees who do not anticipate retiring within the next 10 years should take Mid-Career Retirement Planning, FERS Participants Only (BENE8120D).

Spouses are welcome to attend at no charge.

Tuition:

2024 classes:
Virtual Instructor-Led: $679
In-Person: $749

2025 classes:
Virtual Instructor-Led: $679
In-Person: $749

Credits:

1.2 CEU's

Class Type:

This course is currently being offered in the following training modalities:

• Online
  • Virtual Instructor-Led - BENE7110A
    • Class Length: This class is listed as a 2 day course.
• In-Person Classroom
  • Pre-Retirement Planning (FERS Participants Only) - BENE7110D
    • Class Length: This class is listed as a 2 day course.
    • For in-person training sessions, participants are required to download the course materials to a personal device (e.g., laptop or tablet) and bring their device to class for use during classroom instruction.
• On-site
  • Contact our Business Development department for more information.

Learning Outcomes:

• Determine when you are able to retire and explain the major steps involved in the retirement application process
• Understand how your basic annuity will be computed and what benefits will be payable to your survivors
• Identify your federal health and life insurance benefits after retirement, as well as your entitlement to Social Security benefits, including Medicare, and how/whether your Social Security benefit will be affected by the Windfall Elimination Provision
• Identify your retirement income needs and develop appropriate financial plans for your retirement
• Identify TSP withdrawal options