Question: I'm trying to figure out how much I need to save for my retirement. Does the government offer any help with financial education?
Answer: Yes. For starters, you may want to find out what you can expect from Social Security with a visit to Social Security's Retirement Estimator at www.socialsecurity. gov/estimator. The Financial Literacy and Education Commission has a website that can key you in on the basics of financial education: www.mymoney. gov. Finally, you'll want to check out the Consumer Financial Protection Bureau, which offers educational information on a number of financial matters, including mortgages, credit cards, retirement, and other big decisions.
Visit the Consumer Financial Protection Bureau at www.consumerfinance.gov.
Question: What is the earliest I can begin receiving retirement benefits?
Answer: The earliest age you can begin receiving Social Security retirement benefits is 62. If you decide to receive benefits before your full retirement age, you will receive a reduced benefit. Keep in mind you will not be able to receive Medicare coverage until age 65, even if you decide to retire at an earlier age.
Check out our Retirement Estimator to get fast, personalized estimates of future benefits. You can find them at www.socialsecurity.gov/estimator.
Question: What is the "Part B" Medicare monthly premium for 2013?
Answer: Most people pay the standard Part B premium of $104.90 each month in 2013.
If your modified adjusted gross income on your Internal Revenue Service (IRS) tax return from two years ago (the most recent tax return information provided to Social Security by the IRS) is above a certain amount, you may need to pay more.
Only about 10 percent of Medicare beneficiaries, those with very high income, are required to pay a monthly premium greater than $104.90.
For more information, visit www.socialsecurity. gov and select the Medicare tab.
Rebecca Miller is the manager of the Social Security Administration office in Wheeling.