Federal employees making retirement decisions and families looking at new savings opportunities for children will find plenty to consider in this episode. Dan and Katelyn break down two important topics that could have long-term financial implications.
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The Fed15 Podcast | Ep. 159: FERS Survivor Benefits + New 530A "Trump" Accounts Explained
Dan explains how FERS survivor benefit elections work and why this decision goes far beyond the reduction to a monthly pension. He discusses the differences between the 50% and 25% survivor annuity options, how survivor benefits affect a spouse's long-term financial security, the connection between survivor elections and FEHB eligibility, common mistakes federal employees make, and the factors couples should evaluate before submitting retirement paperwork.
Katelyn breaks down the new Section 530A "Trump" accounts established under the One Big Beautiful Bill Act. She explains who is eligible, how the $1,000 federal seed contribution works, contribution rules for parents, grandparents, employers, and charitable organizations, investment restrictions, tax treatment, withdrawal rules, planning opportunities, and the potential drawbacks families should understand before contributing.
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