In this episode, Dan and Katelyn dive into RMDs—when to take them, why they matter, and how to avoid penalties—and explain Discontinued Service Retirement (DSR), including who qualifies and what to expect if facing early separation.
Check Out Our Next FERS Webinar for Federal Employees -
The Fed15 Podcast: Understanding your first RMD + What to Know About Discontinued Service Retirement (DSR)
Katelyn breaks down what a Required Minimum Distribution (RMD) is, why it exists, and how it impacts your retirement strategy. She explains the option to delay your first RMD until April 1st of the year after you turn 73—and why, for tax reasons, it may be smarter to take it in the year you turn 73. Katelyn also covers the penalties for missing your RMD deadline, key caveats to be aware of, and best practices for staying on track.
Dan unpacks Discontinued Service Retirement (DSR), explaining what it is and the eligibility requirements for both FERS and CSRS employees, including situations like a RIF or position abolishment. He outlines OPM’s role in the process and covers key factors such as annuity calculations, survivor benefits, and continued health insurance coverage. Dan also shares important considerations around FEHB options, reemployment rules, and what federal employees should keep in mind when facing early separation.
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.
