Sample Benefit Analysis

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Your Retirement Income Public Sector Retirement Educators - Betty Boettcher - 800-587-7476 Page 12 of 56
Your Retirement Income Determine how much income you will have coming in during your retirement. To do this, find out how much you can expect to receive from the Civil Service Retirement System (CSRS) or Federal Employee Retirement System (FERS), Social Security, the Thrift Savings Plan, stocks, bonds, certificates of deposit, and any other savings or investments, to determine your monthly retirement income. Don’t forget any rental income you may have, or income from individual retirement accounts (IRAs). Analyze your entire retirement portfolio to determine how much income you can expect after you retire. Plan on having a long retirement Gone are the days when the average American retired at age 65, and then lived for only 5 or 10 more years. These days, Americans are living longer than ever before. While the average life expectancy for an American is now about 78 years, remember that this number takes into account those who die at a young age, and so does not tell the whole story. For instance, an American who has reached age 65 today can likely expect to live another 20 years - or until they turn 85. The point is, when planning your retirement, don’t underestimate how long you think you will live. The last thing you want to do is run out of money in your later years! Be conservative - premise your retirement plan on the assumption that you will live to be about age 90. Don’t put off saving If you haven’t been saving for retirement, don’t despair. But start saving for your retirement NOW, and save as much as you possibly can. While it’s often difficult for people to save for retirement in their younger years - because their earnings tend to be lower and monthly expenses may eat up all their income - the one thing young workers have going for them is time. Saving even just a little now can mean a big pay-off years down the road. The lesson is clear. While you can’t turn back the hands of time to start investing earlier, you can start saving for your retirement today. Aim to save at least 10% of your income each year. Invest your savings for long-term growth. At the end of 20 years or so, you should have accumulated a comfortable nest egg. If you simply can’t save 10%, then save as much as you possibly can. Public Sector Retirement Educators - Betty Boettcher - 800-587-7476 Page 13 of 56
Page 1 and 2: Federal Employee Benefits Analysis
Page 3 and 4: Financial Planning Overview Are you
Page 5 and 6: 7 Misconceptions About Retired Life
Page 7 and 8: Monthly Retirement Income and Expen
Page 9 and 10: Monthly Income / Expense - All Sour
Page 11: these policies to lower your premiu
Page 15 and 16: Monthly Income - Government (All fi
Page 17 and 18: Annual Income Summary - Other Sourc
Page 19 and 20: Your Retirement Expenses Public Sec
Page 21 and 22: Expense Analysis Public Sector Reti
Page 23 and 24: Monthly Expense - Government (All f
Page 25 and 26: Monthly Expense - Other Sources (Es
Page 27 and 28: Personal Federal Employee Benefits
Page 29 and 30: FEGLI and Survivor Benefit Accumula
Page 31 and 32: Government Related Income Analysis
Page 33 and 34: including eligibility to retire, fo
Page 35 and 36: Annuity and Survivor Benefit (All f
Page 37 and 38: Social Security and FERS Supplement
Page 39 and 40: FERS Supplement and Estimated Socia
Page 41 and 42: CSRS Offset and Estimated Social Se
Page 43 and 44: entitled to agency matching contrib
Page 45 and 46: Specific Dollar Amount. You may req
Page 47 and 48: Thrift Savings Plan (All figures sh
Page 49 and 50: Government Related Expense Analysis
Page 51 and 52: Federal Employees Group Life Insura
Page 53 and 54: Federal Employees Health Benefits (
Page 55 and 56: Federal Long Term Care Insurance Pr

Sample Benefit Analysis

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