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FERS Things First: Age Reduction Penalties

01/24/2024
Understanding deferred and postponed FERS retirement and retiring early. What is the cost of 2 extra years of working? (60 vs. 62) Learn more about age reduction penalties and federal retirement. Federal employees trying to pave their path to retirement ... Read More

The Fed15 Podcast: Financial Planning for Your Federal Retirement

01/23/2024
Dan and Katelyn discuss some shotput before going over the following topics: 2024 GSA reimbursement rates for gas mileage who use a vehicle for federal business. Financial planning for federal employees: Katelyn goes over some tips and reminders. The Fed15 ... Read More

Financial Planning at the Onset of Federal Retirement

01/11/2024
Learn the importance of managing income in the first several months after retiring from the federal government Expanding the gap between TSP withdrawals and why you need a rainy day fund Financial planning for federal employees can help ease transition ... Read More

High-Three Average Salary Calculation for Federal Employees

01/10/2024
“Federal employees who retire from federal service will receive a guaranteed pension in the form of a monthly annuity that is calculated using a “high three” average salary. Federal employees who meet the requirements to retire from federal service will ... Read More

The 2024 Pay Raise for Feds [The Fed15 Podcast]

01/09/2024
The best articles and podcasts of the past year. Did you know you can use untouched 529 funds into a Roth IRA? Learn what article topic made Katelyn and Dan sad… and what federal benefit is the most “stealthy.” Why ... Read More

2024 GSA Gas Reimbursement Rates Recently Released

01/08/2024
For feds who use privately owned vehicles, some reimbursement rates rose while others dipped depending on the vehicle A look at the Lodging plus M&IE rates that were set for the fiscal year 2024 back in August Other rates that ... Read More

Could Government Shutdown Impact the 2024 Federal Pay Raise?

01/04/2024
The White House signed an executive order in December, making the 2024 pay raise 5.2%. Government shutdown is looming if Congress doesn’t act this month. If shutdown does hit and cause furloughs – would 2024 pay raise be retroactively changed? ... Read More

The Fed15 Podcast: The First Year of Federal Retirement

01/02/2024
The first podcast of the new year! Dan and Katelyn discuss their resolutions. Then, Dan goes into depth about the importance of a TSP beneficiary designation. Katelyn discusses what feds can expect during the first year after retiring from the ... Read More

The Fed15 Podcast: OPM Retirement Services Backlog

12/26/2023
OPM backlog – what the status on the modernization efforts? FERS Disability retirement vs. Social Security Disability Insurance. The Fed15 Podcast (Ep. 27): OPM Retirement Services Backlog Katelyn’s brother is a high school football state champ! Go Bulldogs! Also this ... Read More

2024 Federal Pay Raise Update: Biden Makes 5.2% Official

12/26/2023
Executive order finalizes long expected 5.2% pay raise for federal employees Congress approved 5.2% for military personnel and the DoD earlier this month 5.2% is an average pay raise when factoring in locality pay President Joe Biden made the 5.2% ... Read More