Consider These Money Matters When You Make Work Changes

By: Source: AARP.org Date Posted: 2004-07-02 15:23:00-04:00

Are you thinking about looking for a new job? Do you think you might have to? Are you dreaming of a different kind of work, or your own business, after retirement?

In any case, you could be worrying how a job change will affect your finances. Use these AARP and government resources to turn your worry into positive actions. Work changes will be easier - and safer - when you have the right financial facts.

Quiz: How Good Are Your Money Management Skills Talking this quiz can help you determine if you're financially prepared to make a job change.

Calculate Your Retirement Income Use AARP's online financial calculator to bring retirement security within reach.

Pensions: Questions to Ask About Your Plan Know the right questions to ask to understand your pension plan and how to use it in the future. AARP suggests 27 questions to ask your plan administrator.

COBRA: Keeping Your Group Health Insurance COBRA can help you keep your group health insurance coverage if you lose it because of changes in your work or family life.

HIPAA: Protecting Your Right to Health Insurance AARP explains HIPAA, the Health Insurance Portability and Accountability Act, and how it protects your right to group health insurance if you lose or change your coverage.

Getting Started With Medicare Medicare is health insurance offered by the federal government to most people who are 65 and older. Learn if you are eligible, when you can get it, and how to sign up.

Understanding Social Security Understand how Social Security retirement benefits work. Know when you'll be eligible for full or reduced benefits, and how to apply.

Retirement Planner This U.S. government Web site is part of FirstGov for Seniors. It's full of ideas to help you plan your future, including retirement.

 

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