September 21

All About FERS- What is SSA?

FERS, Social Security

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Hi, my name is Mike Lanway, I'm a financial planner. I'm an expert in federal employee benefits, and I'm here to help you decide what you need to do to make best use of those benefits to your advantage. 

Social Security Administration. A lot of people just say SSA. The Social Security Security Administration does four things for us:

  1. It manages our retirement benefits;
  2. It manages our disability benefits;
  3. It manages the survivor benefits our family would get if we pass away;
  4. It manages Medicare.

Social Security Administration is an important part of every American citizens retirement future. and really their emotional and financial security. 

So we just want you to be aware that there is a website, www.ssa.gov, and that you ought to be familiar with the website and you ought to be familiar with what they're doing for you, and how they're doing, and begin to include it in your planning. When you think about, Do I need life insurance? Do I need disability insurance? Does my family needs more life insurance on me? Do I need to do something more in my Thrift Savings Plan account? Do I need to work a little bit longer to get a bigger pension plan from FERS? 

What do I need to do based on what Social Security Administration and their retirement methods, their disability benefits, and their survivor benefits? What do I need to do to supplement those, or how can they supplement everything else? SSA: Social Security Administration; get to know them through their website, www.ssa.gov.

We hope you enjoyed our video series on the different components of your retirement and your benefits. If you want to see more, learn more at your own pace, use our annual benefit statement. You'll see the link at the bottom and within the description. Go there, take a look at it, we think you'll be happy with what you see and and that it's going to help you.

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