Federal Employee Information Partnership
Retirement is an exciting time, especially when you have all of the proper details squared away. However, it can also be frightening and full of uncertainty when you don’t know how to manage cash flow during federal retirement. During the months and years spent planning leading up to your retirement, you may find yourself with […]
How to Improve Cash Flow During Federal Retirement with an Annuity Read More »
If you’re a FERS (Federal Employee Retirement System) or CSRS (Civil Service Retirement System) employee, you’re likely aware of the government-provided health benefits that you’re eligible for. What you may not know, however, is that most working-class adults are automatically enrolled in Medicare Part A. For federal employees who already have health insurance provided through
Should a Federal Employee Enroll in Medicare? (Medicare vs FEHB) Read More »
There’s always one big question that pops up in a person’s mind when they begin planning for retirement: “How much time do I have left?” However, for Civil Service Retirement System (CSRS) or the Federal Employee Retirement System (FERS) employees, this timeline is relatively set in stone. So how long does OPM take to process
The OPM Retirement Process Timeline – What You Should Know Read More »
In 1986, the Federal Employees’ Retirement Security Act established a new qualified retirement plan known as the TSP or Thrift Savings Plan. Similar to a 401k, this plan is offered to federal employees and members of the armed forces. Today, many federal employees find themselves with questions about their TSP. These questions include the benefits
What is a TSP (Thrift Savings Plan)? And What Does It Do? (Your How-To Guide) Read More »
Once you realize that you’re looking forward to retirement years before you’re actually eligible to retire, working (whether you love your job or not) becomes much less exciting. Instead, most of your days are spent counting down to the moment you can retire and collect annuity from the comfort of your own home. Eventually, you
What Does Early Retirement Mean for Federal Employees? (Top 3 Things) 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 »