People grappling with the difficulty of meeting essential expenses often encounter this situation due to inadequate savings during their working years. The decisions taken in readiness for retirement carry extensive consequences, as demonstrated within my own family dynamics. Differing investment approaches yielded disparate results. Guided by a financial advisor, I'm currently retired.
@91ScottieP
9 ай бұрын
In my mid-50s, I shifted investments to my wife's wealth manager a couple of years ago. Though I haven't matched her long-term profits, my current income is higher, and my retirement fund has grown significantly compared to relying solely on a 401(k).
@mariaguerrero08
9 ай бұрын
Regrettably, many lack access to such insights, causing anxiety due to insufficient information. Personally, I've generated over $25k passively through an advisor with minimal effort, showcasing how adept wealth managers can yield returns despite economic fluctuations.
@mikegarvey17
9 ай бұрын
@@mariaguerrero08 this is definitely considerable! think you could suggest any professional/advisor i can get on the phone with? i'm in dire need of proper portfolio allocation
@mariaguerrero08
9 ай бұрын
My advisor is *Camille Alicia Garcia* . You can easily find her online. She has a wealth of experience in the financial market gained over several years.
@CliveBirse
9 ай бұрын
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
@mando7558
11 ай бұрын
I think it is worth it. I have it and I am 63
@jenniferoldiges9934
5 ай бұрын
I was at my dentist 2day and they told me that they are dropping Met Life because they are not paying claims.
@Skistoy
11 ай бұрын
Great timing. Looking to enroll in FEDVIP in november. Seeing I have Tricare I want to set up FEDVIP now so I can continue having coverage when I retire in a few years.
@joannehaas4733
11 ай бұрын
I kept both into retirement. Am going 2 do scaling so Dental will come in handy. Now, going 4 bilateral cataract surgery & will need reading glasses. Thought I will get them thru FEDVIP Vision & then cancel Vision as I have FEHB. Am I doing correct thing? Thanks
@gregthomas2448
11 ай бұрын
I have high option in both dental and vision. Blue Vision MetLife dental. I just don’t know. The dentist still finds a way to overcharge. The Health insurance is exceptional. Can’t say the same for dental and vision. Right now just keeping wifey happy keeping both dental and vision. I’m 56. Retired in 2022 at 55 ⭐️
@ThisFriggenGuy-li5ui
11 ай бұрын
How’d you manage that? I’m stuck with waiting until 57
@gregthomas2448
11 ай бұрын
@@ThisFriggenGuy-li5ui VERA/VSIP early out with 25K buyout and full benefits except the annuity supplement bridge which just started when I turned 56.6. And 7K in annual leave payment. Haven’t looked back. So glad to be out of the bureaucracy.
@generitaldato794
11 ай бұрын
As a FERS retiree, I wouldn't recommend the dental unless you have serious oral issues. From my experience, the plans don't pay very much and you have to add in the monthly premium costs. I've had it and I end up paying at the dentist office with a preferred provider and covered services.
@gumshew2007
11 ай бұрын
I have Fep Blue delta dental went and got a crown several weeks ago they charged me $360 and they paid the otheir half. My mother in-law got a crown and was charged $1100 because she doesn’t have dental insurance. If you get into a car accident and get broken teeth you’ll be glad you have dental insurance.
@mikerichardson8607
11 ай бұрын
Are you going to do a video on fep medicare prescription drug program MPDP I just got a letter yesterday. they will put me on the new plan unless I contact them.
@jeffshepard972
11 ай бұрын
I’ve found the vision is beneficial, not so much with dental. Dental seems to find lots of ways of excluding care.
@StumpRider719
11 ай бұрын
I plan to keep mine into retirement! VSP and MetLife dental has been fantastic for my wife and I. I don’t use FEHB. I have Tricare and VA.
@b.coxemba6799
11 ай бұрын
I got Blue Cross / Blue Shield and MetLife Dental insurance and vision. The vision is very cheap less than $25. I'm retired federal law enforcement agency at 51 in 2021 now 2023. I might cancel the vision only. VA hospital take care of my eyes for free. Actually my healthcare provider. But I carry these things for my wife. As a retired public safety officer you can claim up to $3,000 tax break on Insurance Premiums ❤
@liberoAquila
10 ай бұрын
Definitely poor coverage compared to private employer plans, might be better to self-insure.
@hg2.
11 ай бұрын
Well done, always. Thanks.
@liberoAquila
10 ай бұрын
What if you are ready to retire and your spouse is still working and eligible for FEHB? Can or should you have FEHB coverage from spouse?
@wengs2004
Ай бұрын
Yes Your fed spouse should carry fehb
@gumshew2007
11 ай бұрын
I have Delta Dental and plan on keeping it. They cover the basics and 50% of the expensive stuff like crowns and there’s a negotiated price between the insurance company and the dentists for all procedures. Also, the yearly coverage amount is $30,000 a year and I don’t know any other. Insurance that covers that amount per calendar year. It’s good for expensive procedures.
@gumshew2007
11 ай бұрын
@cw5001 who do you have? I’d like to check It out because if it’s unlimited that would mean your dental insurance could cover hundreds of thousands of dollars in procedures a year
@happysaddington6488
11 ай бұрын
Like with all things financial, it really depends on your situation. For my and my family, it works. All of the basic plans tend to cover the "basics"--cleanings, x-rays, and check ups. If you need a crown or something, at least 50% is covered, which is better than nothing. Of course, if you do need any of those extras, whatever deductibles you have to pay, you can take out of your FSA. Finally, if you need any dental work and you don't have a plan, you have to pay for everything out of pocket.
@generitaldato794
11 ай бұрын
Don't forget to add what you're paying in premiums. If you're just getting regular check ups and cleanings it's not worth it.
@memonk11
11 ай бұрын
The dental and vision are non-benifits. The IRS makes ZERO contribution towards them.
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