Planning for your Retirement

Posted on 04/08/21

AARP Minnesota hosted two-part online education sessions intended to help people nearing retirement make informed decisions about both programs. Speakers from the Minnesota Board on Aging and Social Security Administration focused on how to get the most out of Social Security in retirement and the basics of Medicare.

SOCIAL SECURITY:
One of the most important decisions you need to make before you retire is when to claim Social Security benefits. Many retirees apply for Social Security before reaching full retirement age, in doing so they can permanently reduce the benefits that they can receive over a lifetime. There are many factors to consider when making this important decision. If you are single, married, divorced, or widowed this session will help you make that personal decision.

On April 7, the Social Security Administration presented "Planning for your Retirement," an education session on the retirement program. The Social Security Administration encourages you to create a my Social Security account prior to watching the session. With an account, you can verify your earnings and print a benefit statement. This is a one-stop center for you to manage and maintain your personal Social Security business. Watch a "how-to video" to create an account.

The presenters are Rhonda Whitenack and Brian Rudolph who are representatives from the Social Security Administration located in the Twin Cities. They each have over 20 years of experience in conducting public outreach and education seminars. Take the first step in planning for your financial future by taking advantage of this interactive free webinar provided by an experienced Social Security employee. 



MEDICARE:
On April 14, Trellis (Metropolitan Area Agency on Aging) presented, "Medicare 101," which introduces what is covered by Parts A, B, C and D of Medicare, as well as what additional insurance options are available. The enrollment process and options for enrollment in Medicare are discussed along with the personal costs of the program. Trellis addressed the donut hole and eligibility for extra help with prescription drug costs. Additionally, Trellis covered the services provided by the Senior LinkAge Line®that include assistance making personal comparisons using the Medicare.gov website and the Health Care Choices booklet, published by the Minnesota Board on Aging.






This story is provided by AARP Minnesota. Visit the AARP Minnesota page for more news, events, and programs affecting retirement, health care, and more.

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