https://youtu.be/yc8E6drj90E For many federal employees, retirement doesn’t happen at the same time that Social Security begins. You might be ready to retire at 57 or 60 — long before you can turn on your Social Security benefit at 62 or later. That gap in income can leave some people wondering: Read more…
Social Security benefits provide an important source of income for many Americans in retirement, and most federal employees are no exception. However, while most federal employees’ Social Security benefits are calculated in the same way as those for private-sector workers, there are some unique nuances to consider. This article will Read more…
When federal employees reach 30 years of service with the federal government, they usually start thinking about retirement. Three very common ages to retire as a federal employee are 57 (Minimum Retirement Age (MRA)), 60 or 62. Let’s take a look at the pros and cons of each retirement age, Read more…
Gone are the days of MASSIVE CSRS pensions. There are only a small percentage of CSRS (the old system) employees left in the government and their HUGE pensions are dying with them. But FERS (the new system) federal employees still have good benefits if you know how to Read more…
Is your goal for a federal retirement to maintain your current standard of living? What is it going to take to do that? Today, we’ll be talking about your FERS retirement benefits and whether they are enough for your comfort level. Net vs Net Most people have a Read more…
Page Shortcuts 2025 FERS COLA Projection How are COLAs Calculated? Who Gets FERS COLAs? 2024 FERS COLA 2023 FERS COLA https://youtu.be/4CLOR5hzwNE Note: This video was filmed in Jan 2024 and more recent COLA is available below. 2025 FERS COLA Projection FERS COLAs are based on inflation (CPI-W) in 2024 Read more…
https://youtu.be/JWpk7yqYEDs For federal employees, Social Security is a big deal. It is one the legs of your three-legged income stool in retirement (TSP, Pension, Social Security). And knowing when to file for Social Security is one of the biggest decisions you make in retirement. So it is Read more…
https://youtu.be/a9OgQ0FA7FM Social Security is a very different program from what it once was. The program began in the 1930s when the average life expectancy was 58 for men and 62 for women. And back then, when was the earliest they could start benefits? Age 65. Change is Read more…
https://youtu.be/xvBgNzChfJk Taxes and Social Security tend to be emotional topics just by themselves and putting them together is just asking for trouble. So buckle up. Let’s dive in. What!?! They Take Back Social Security! Surprise! If you didn’t know already the majority of your Social Security payments Read more…
https://youtu.be/_R_FBSCx3bQ Social Security is a big part of your retirement as a federal employee. Getting it right often leads to a confident and comfortable retirement. Getting it wrong can cause a lot of stress and many missed opportunities. In efforts to avoid common pitfalls, here are 3 ways you could Read more…
