Most federal service employees select their retirement date based on a few factors, including FERS/CSRS pension payouts or Social Security timing. However, this approach may not fully consider the potential…
Many federal retirees are surprised to learn that Medicare premiums are not the same for everyone. Once your income exceeds certain thresholds, Medicare imposes an additional surcharge known as the…
For years, many retirement conversations assumed a much shorter timeline. A Fed might retire, draw a pension, claim Social Security, take withdrawals from the Thrift Savings Plan (TSP), and plan…
Most Feds start retirement planning by looking at their own pension, Social Security, and Thrift Savings Plan income. For married Feds, the conversation also needs to include what happens to…
One goal of retirement planning is nest-egg protection. You also need to consider what that nest egg can actually buy once you separate from service. Cash, CDs, and other cash-alternative…
Many Feds assume a will gives the final answer on who receives their assets after death. For a Thrift Savings Plan (TSP) account, the beneficiary form usually carries more weight.
Turning 65 creates a Medicare decision for many Feds. Some retirees assume they should sign up for Part B as soon as Medicare becomes available. That may make sense for…
The Federal Employees’ Group Life Insurance (FEGLI) helps protect Feds and their families in the event of a worst-case scenario.
Many federal employees assume their Federal Employees Health Benefits (FEHB) coverage will automatically continue into retirement. That assumption can lead Feds in the wrong direction.
Medicare can seem straightforward until income comes into play. The Income-Related Monthly Adjustment Amount (IRMAA) is the extra amount some higher-income Medicare enrollees pay for Medicare Part B and Part…