https://youtu.be/8OnzfLWTHL0 The government’s life insurance program, known by the acronym FEGLI or Federal Employee Group Life Insurance, is one of those benefits where I have seen many federal employees spend tens of thousands of dollars for coverage without truly understanding how it works. It is quite common for people to Read more…
https://youtu.be/qjOn9AoH440 As a federal employee, you’ve worked hard to build your wealth — through diligent saving, long hours, and taking advantage of solid benefits like the Thrift Savings Plan (TSP), federal pensions, and high-quality health insurance. But here’s the truth: building wealth is only half the battle. The real Read more…
Federal employees enjoy some of the best retirement benefits available, but simply having access to these benefits is not enough. To ensure a comfortable and financially secure retirement, employees must understand these benefits and how to optimize them. This guide will help you navigate the three main sources of federal Read more…
Retirement planning is a complex process for federal employees, requiring careful attention to eligibility rules and regulations. Among the many requirements that determine post-retirement benefits, the 5-year rule plays a crucial role in three key programs: Federal Employees Health Benefits (FEHB), Federal Employees’ Group Life Insurance (FEGLI), and Roth Thrift Read more…
FEGLI (Federal Employee Group Life Insurance) is one of the largest group term life insurance programs in the world, offering coverage to millions of federal employees. While FEGLI has numerous advantages, it is not always the most cost-effective option as you age. Understanding when to opt in and when to Read more…
Yikes! Survivor Benefits on your FERS pension is expensive! There has got to be a better way to make sure your spouse is financially okay, right? Life insurance has got to be cheaper, right? Maybe, but there are some curveballs 🙂 Sticker Shock You better Read more…
If you are over 50 and still have FEGLI you are losing money! Unless of course FEGLI is your only option. For most people, FEGLI prices get out of control as you approach retirement. But there are things you can do about it. What Part Again? Read more…
https://youtu.be/lqCLuP8FqSY FEGLI (your federal life insurance) has major extremes in retirement. It can be your saving grace or just crazy expensive and not worth it at all. It all comes down to what parts of FEGLI you choose to take with you into retirement. Background FEGLI Read more…
https://youtu.be/Oj1GQ93-Fks FEGLI (life insurance) prices can be very sneaky. They come right out of your paycheck and the price often goes up without an announcement. And to be frank, few people actually know what they are paying and if it is worth it. But now you’ll know. Read more…
https://youtu.be/CVJp7_8gpm8 FEGLI is great until you look at the price tag. As you age FEGLI (option B) sky rockets in price. So is FEGLI the best option for you? Here are some of the best alternatives. P.S. You can use this calculator to see how your Read more…
