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 can be an incredibly exciting and anxious time for many federal employees. Exciting because you may never have to work again, anxious because it can be quite the task to make sure you aren’t missing anything. Federal benefits are incredible but definitely not simple. In hopes to make the Read more…
Working for the government has its ups and downs, as I am sure those reading this already know. But sometimes I wonder if most feds know how good they have it. Now I know that it isn’t all sunshine and rainbows but no job is. All I am saying is Read more…
https://youtu.be/9VTvFSM9Reg One of the biggest fears and questions for retirees is “Will I run out of money in retirement?”. Understandably, this is a fear of just about everyone (unless maybe you are Warren Buffet). Even though FERS benefits put federal employees miles ahead of most private sector employees when it Read more…
I am not at all qualified to give advice on recovering from the actual disease but as we all know, Covid-19 has had many financial symptoms as well as physical. And feds are only partly immune. Federal employees are blessed to have incredible job security. Most people around the country Read more…
Only a few months ago in January, federal employees saw a pay raise of 3.1%. At the same time, federal retirees only saw an increase of 1.6% to their pensions. The difference comes from how those increases come about. COLA’s-Cost of Living Adjustments The increase the retirees see every Read more…
It is one thing to understand the inner workings of your individual benefits, but what is more important is to understand how they interact together. FEHB, FEDVIP, and FSA’s can all be great tools in your financial life, but they become the most effective when you coordinate them in a Read more…
Before we start talking about the federal Long Term Care Program we have to address what long-term care insurance is and why someone might want it. In the past, when someone got older and was unable to take care of themselves, their children often stepped in and cared for their 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…
