Retiring

This is a comprehensive brochure describing how credit union member accounts are insured by the National Credit Union Administration (NCUA), an agency of the federal government. The brochure describes the variety of insured accounts, and includes examples of insurance protection for various size families and explains how to structure accounts to obtain the most protection.

Are your funds fully insured? This Electronic Share Insurance Calculator will help you determine the insurance coverage for your accounts held at federally insured credit unions.

This website provides information and guidance for Medicare beneficiaries about Extra Help with prescription drug plan costs. The Extra Help is estimated to be worth about $4,000 per year. To qualify for the Extra Help, a person must be receiving Medicare, have limited resources and income, and reside in one of the 50 States or the District of Columbia.

You can apply online for Social retirement or spouse's benefits or disability benefits. You can also check the status of your application, or request an appeal if benefits were denied. This site provides guidance and forms.

Information on how to contact the Social Security Administration's Fraud Hotline by internet, U.S. mail, fax, or phone.

This website provides information on using US Savings Bonds to save for retirement. Did you know that a person retiring at age 65 spends an average of 18 years in retirement? Experts estimate that you'll need 70-80% of your pre-retirement income—lower earners will need 90 percent or more—to maintain your standard of living when you stop working. This is based on the assumption that you'll cut out many of your current expenses, like commuting costs, when you retire.

Sign up for direct deposit for your Social Security benefits so you’ll receive your money even if you can’t get your mail.

Providing for health care is an important part of retirement. This website and publication provides information on the circumstances when employer-provided retiree health benefits can be reduced or terminated and the importance of reviewing your plan documents.

This website describes Direct Express, which is a process for receiving federal benefits through a special prepaid debit card. Getting in shape financially is vital to a person’s overall well-being. For senior citizens, people with disabilities and others who receive federal benefits including Social Security and Supplemental Security Income (SSI) by check. One alternative to receiving payments in the form of paper checks is receiving them through a Direct Express® Debit MasterCard® card.

This website features a simple on-line tool about long-term health care services, how much you can expect to pay for long-term care, and what financing options are available to support your long-term care costs. The results of the Long-Term Care Planning tool are general in nature and not intended to replace comprehensive financial and other long-term personal planning.