https://youtu.be/jvIXyep8t8c Question I am planning on retiring in about five years. It is my intent to take a reduced annuity to ensure a survivor benefit for my spouse in case I should die first. I hit a deer earlier this week and it made me wonder what happened to my Read more…
https://youtu.be/BTP2HsyQr2I I spoke to a federal employee last week who just attended a 55-years-of-service party for a coworker. 55 years of service!! I almost couldn’t believe it. I didn’t know if I should be impressed or just feel sorry for the guy. After all, once he Read more…
https://youtu.be/gIXqlhd5vqU Your high-3 is a crucial part in determining what your FERS pension is going to be in retirement. This article will walk you through how you can calculate your high-3 to better understand and maximize your retirement. If you want more information about how to calculate Read more…
Federal employees are known to have great retirement benefits but there are numerous rules and requirements that have to be met in order to be eligible for and maximize all of these benefits. This article will go into depth into when you are eligible to retire as well as all Read more…
https://youtu.be/FrxTEtbkZ1U One major decision that you make at retirement (right on your retirement application) is whether to leave your spouse a survivor benefit. In other words, do you want your spouse to keep a piece of your FERS pension if you pass away first? But before you answer. Read more…
The first big decision to make when planning retirement is the ‘when’ you’d like to hang it up. But without knowing what benefits you can keep at different ages it becomes almost impossible to plan for the future. This article will walk you exactly when you can retire Read more…
Question 1 Can you do a video on whether the lump sum check for annual leave affects the FERS Supplement Earnings Limit? Answer 1 Great question. There are a number of things that do not affect your FERS Supplement earnings limit. Any income you have from your job including Read more…
As a FERS employee there are numerous rules and nuances to understanding when thinking about retirement. First and foremost, you have to understand what type of retirement you are going to qualify for and what type of benefits you will get under that type. The MRA+10 retirement is a Read more…
I recently got this interesting question from a subscriber: “Should I retire at 60 vs. 62? I know that I’d get the FERS supplement if I retire at 60 but I’d get the 10% pension bonus if I retire at 62. How do I do the math to Read more…
If you are in your 50’s, under FERS, and planning to retire soon then there is something you need to know. Basically, if you meet the above criteria then you might be caught in the middle of an unlucky combination. Note: If you are a special provision FERS (ie Read more…
