Dan and Katelyn discuss two retirement planning decisions that are often overlooked but can have lasting financial consequences: keeping beneficiary designations current and deciding whether FEGLI still makes sense after retirement.
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The Fed15 Podcast | Ep. 157 TSP Beneficiaries vs. Your Will + Should You Keep FEGLI in Retirement?
Katelyn explains why your TSP beneficiary designation—not your will—usually determines who inherits your Thrift Savings Plan account. She discusses how beneficiary forms work, why they often override estate planning documents, common mistakes federal employees make after major life events, and when to review or update beneficiary designations. Katelyn also shares why coordinating your TSP, life insurance, IRAs, and estate plan can help prevent confusion and ensure your assets are distributed according to your wishes.
Dan discusses whether federal employees should keep FEGLI coverage into retirement. He breaks down how FEGLI Basic, Option A, Option B, and Option C work, why premiums increase with age, and the reduction choices available after retirement. Dan also compares FEGLI to private life insurance, explains when private coverage may be a more affordable option, and highlights the factors federal employees should consider before making changes to their life insurance strategy.
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