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…
https://youtu.be/kmbjNW1SOYI Feel free to skip to the relevant parts of the article for you –How to Retire Early Under FERS –FERS Postponed Vs. FERS Deferred Retirement –FERS Deferred Retirement –When Does My Deferred Retirement Pension Start? –Reductions to Your Deferred Retirement –FERS Postponed Retirement –Should You Take a Deferred or Read more…
Survivor benefits can often be the difference between a spouse having a comfortable retirement or a stressful one. So getting this one right is crucial. But does it always make sense to leave your spouse full survivor benefits? No. I believe that there are specific times where you Read more…
One of the best parts about being a federal employee is your pension and one of the best parts of your pension is the cost of living adjustments (COLA) that you receive in retirement. And for those that are new to the subject, COLAs allow your pension to increase based Read more…
As a federal employee approaches retirement a very natural thing to do is to request a pension estimate from their HR. This document can be a great start in knowing what sort of income you’ll have in retirement. But unfortunately, agency estimates are not perfect or in some cases, Read more…
https://youtu.be/LjQmeadsJhg With many things in life, when it rains it pours. The same is true for federal employees retiring. Everyone wants to leave at the same time. In 2020, almost 30% of all retirement applications were received by OPM in the first 2 months of the year. Up Read more…
