Federal Employee Information Partnership
If you’re preparing for your federal retirement, you’re likely looking into all of the options available to you regarding benefits and increasing your annuity to get the maximum payout possible. One program that many FERS employees overlook, however, is the Military Buyback Program. The Military Buyback Program was created to serve as a method for […]
What is the Military Buyback Program? (Everything Explained Here) Read More »
Retiring early from any job is a dream come true, and even more so when you can collect a pension while doing it. VERA (Voluntary Early Retirement Authority) was designed to allow early retirement for those who need or want it. VERA retirement is a form of retirement that allows one to retire earlier than
4 Common VERA Retirement Myths You’ve Definitely Heard (and Maybe Even Believe) Read More »
It’s common for workers of all trades to be frightened at the prospect of disability. After all, federal disability payments are usually much lower than your ordinary income, and if you can’t work, what are you supposed to do? Luckily, the Federal Employee Retirement System (FERS) has provisions to protect federal workers from this sort
How to Start Federal Disability Retirement (What You Need to Know) Read More »
Federal retirement can seem like a daunting, complicated subject at first glance—and we won’t tell you it isn’t. There are many rules, regulations, and processes that you will encounter over the course of your retirement, and not knowing about them puts you behind the curve. Federal Benefit Advisory, however, is here to help. We are
Top 5 Facts About Federal Retirement – How to Get Started Read More »
For the investment world, for the 401(k) and certainly the Thrift Savings Plan (TSP), the federal employee’s similar 401(k) plan, the road has been bumpy, the past few weeks ,to say the least. The Federal Employee, in most cases have their entire life rolled up in the Thrift Savings Plan. To those who know me,
“The TSP; Fasten Your Seat-belts” Read More »
According to OPM: “It is recommendable to retire at the end of any month or for CSRS, retire within the first days of the month, as your retirement will commence Why end month? It is best due to the provision that states that your annuity commences at the start of every month after retirement. Example:
What is the best day of the month to retire? Read More »
There are rules that govern your first 5-year period of ROTH after conversion of ROTH TSP and Roth IRA conversions and if you are under age 59 ½. If you are over 59 ½ (or as soon as they reach 59 ½), you can ignore this rule. When a traditional TSP or IRA is converted
Penalty-Free Distributions from Roth Conversions; proceed with caution! Read More »
116th (2019-2020) Congressional Bill # 2478 ‘Buy Back Temporary Time’ They are called our ‘Law Makers’ this is the body of Congress, consisting of two houses: The House of Representatives and The Senate. One side (House or Senate) will create a Bill, committee it, come out with a final version, vote on it then, if p[assed,
Buying Back Temporary Time Read More »