Social Security is one of the three components of the FERS retirement. When a FERS employee retires before age 62 under the immediate retirement rules, the FERS employee will receive…
Many financial advisors recommend “529” education savings plans to their clients in order to help for the future cost of higher education. Among the advantages of “529” education savings plans…
On January 10, 2025, the IRS issued proposed regulations that facilitate the implementation and operations of one of the provisions passed as part of SECURE 2.0. This provision is that…
The way the average American is employed has changed through the years. Parents of the “baby-boomer” generation typically worked for the same employer when they started working in their 20’s…
Long-term care (LTC) insurance started in the late 1970’s and early 1980’s in response to the growing recognition of the need for financial protection against the prohibitive costs of LTC…
Many individuals do not understand long-term care (LTC). LTC includes a range of services for individuals who have functional limitations or chronic health conditions. These limitations may be the result…
There is no doubt prescription drug costs are increasing and remain a financial challenge for many Americans, including federal employees and retirees. To help make prescription drug costs more affordable,…
Since early February 2025, thousands of federal employees have received notices from their agencies about losing their federal jobs. Many of these employees are not eligible for any type of…
The Thrift Savings Plan (TSP) offers two types of loans for TSP participants. One loan is called a general-purpose loan, and the other is called a primary residence loan. When…
A recent FEDZONE column discussed “vesting” retirement requirements for FERS employees. With thousands of federal employees losing their federal jobs in recent months, the question among many of these departing…