I talk with feds all the time that are looking to retire and the most common answer to “when would you like to retire” is hands down December 31. OPM is always swamped in the first months of each year dealing with the surge of retirement applications. But Read more…
https://youtu.be/MLeZpngg-UA Question 1 I have worked for the post office for 30 yrs and understand my retirement benefits pretty well. However, I have a friend that resigned after 10 years of service and went to work at a non government job. Is there any federal retirement pension benefit for them Read more…
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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/L4vx01Z-tNg Question At age 60 would I have to take out a TSP annuity to get the “annuity supplement”? Answer Great question. I believe the question stems from a confusion in the words we are using for the different benefits. The FERS pension that many FERS get is the Read more…
https://youtu.be/qSzbLLWZINw Knowing how much money you need to retire comfortably is often a difficult question to answer. There are a lot of opinions on the internet which can make it very difficult for the average joe to know what advice to follow. Recently I came across Dave Ramsey’s Read more…
https://youtu.be/qsCnFljfQZA Question 1: At age 57, I’ll have 34 years of service. Can I retire at 57 (my MRA), receive the FERS Supplement, and use a 1.1% multiplier or just 1%? Answer 1: No you cannot get a 1.1% multiplier if you retire before age 62. To be eligible for Read more…
https://youtu.be/k7ce1qkYYFk Question 1: Thanks for all your advice on Federal retirement. You provide the best advice I’ve heard, and I am letting my colleagues know. Here is my question: What is the role of Federal Long Term Care Insurance Program (FLTCIP) in a federal retirement? How does this program compare Read more…
