Dan and Katelyn discuss potential adjustments to mandatory retirement ages for Federal air traffic controllers and pilots, explaining the rationale and potential outcomes. They also compare FEGLI with private life insurance, highlighting differences between group plans and private options.
Check Out Our Next FERS Webinar for Federal Employees -
Katelyn addresses the discussion regarding increasing the retirement age for federal air traffic controllers and possibly pilots. She starts by clarifying the rationale behind the current mandatory retirement age for both professions. Next, she examines the arguments advocating for an extension of this age limit. Finally, Katelyn discusses retirement strategies that could help promote a more financially secure future considering potential changes to the retirement age. Then, Dan outlines the benefits of FEGLI, while also emphasizing why many individuals may prefer private-sector insurance options. He discusses who could benefit from securing similar coverage with potentially lower out-of-pocket costs in the private sector. Dan also addresses the limitations of group life plans and underscores the importance of strategic financial planning, further comparing both options.
Like and Subscribe on YouTube at YouTube.com/FedLife
“Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Lee, Sipe & Associates, Inc. is not a registered broker/dealer and is independent of Raymond James. Content represents the opinions of the speaker and not necessarily those of Raymond James. Important Disclosure Information: http://raymondjames.com/smicd.htm.
