The question that we all want to know the answer to is: How much money will be coming my way once I retire? And is it enough? These questions have been asked by millions of Feds and getting the right answers can be a deal breaker in planning your retirement. Read more…
Federal employees under the FERS system enjoy a benefit that is rare and relatively unknown. Even the CSRS system doesn’t have anything comparable. It is called the FERS supplement, the Social Security Supplement, or even the Special Retirement Supplement. Let’s dig into how it works. Because the earliest age you’d Read more…
It is very common for federal employees to have served at least a portion of their career in the military. If someone is not receiving military retirement pay, they are most likely eligible to buy back their military time to be included in their federal service. This is how it Read more…
Phased retirement is a relatively new concept as it was authorized starting in November of 2014. Because of its novelty, few Feds understand how it works and how it affects their retirement benefits. Let’s dig in. How it works Phased retirement is a completely voluntary thing that must be chosen Read more…
But Wait!!! A Simple calculator does not tell the whole story. Here is a guide to understanding your pension to make sure you can maximize it. For most federal employees, your pension is a big part of your retirement. It is fixed income for the rest of your life. And that Read more…
Retirement may seem like a distant dream, but it generally comes faster than you think. Some people only start thinking about retirement when they are within a year of leaving the government. While some people get away with this, it is much harder to be proactive with that short amount Read more…
Death is something no one likes to think about or plan for. But regardless of how much we think about it, it is a natural part of life. For some of us it comes later and for some of us it comes sooner. There is really no way to know, Read more…
It makes sense for many people to stay with the federal government for their entire career. But for others, it simply does not. For these individuals it is important to know what happens to your federal benefits if you decide to leave before you are eligible to retire. Pension You Read more…
I’ve seen many people retire, travel for a year, get bored, and then go back to work. Whether it’s out of boredom, financial need, or for any other reason, many federal employees find themselves in a position where they want to go back to work after they’ve already retired. The Read more…
