This is the sort of topic that I hope stays theoretical for my readers. That being said, it is important to know how FERS disability works in the unfortunate circumstance that you or someone you know might need it. Because federal employees are not covered by workers comp as most 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…
In my day job as a financial planner, I speak with a ton of feds within a couple years of retirement who are cramming money into their TSP as fast as they can. They are all trying to make up for lost time and do some last minute prep. I 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 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…
