Federal Employee Information Partnership
In my 30 years working with federal employees, I have heard it all. At times, I feel I am thought of as Father Confessor. It makes me feel good when someone says they love their job, but my heart grieves for those that hate their job and are desperate to retire. Retirement is the only […]
“I HATE MY FEDERAL JOB!” Read More »
To be aware, one can plan life. The same goes for post-retirement and income from your FERS Supplement and Social Security. This is assessed to persons drawing these incomes and under the age of 62. An additional tax in the event you have a job or business. Based on income, it does not count investment
Supplement / SS Tax Earnings Test 2024 Read More »
In my 30 years working with federal employees, I have heard it all. At times, I feel I am thought of as Father Confessor. It makes me feel good when someone says they love their job, but my heart grieves for those that hate their job and are desperate to retire. Retirement is the only
I HATE MY (federal) JOB! Read More »
what fact and fiction? What concerns me, is what is said about this subject, which is far from fact, when in fact, as of this writing, much is unknown and not explained well to the federal employee. I am speaking loss of job and early retirement through a , RIF, VERA, and VSIP, the incentive
REDUCTION IN FORCE Read More »
Achieving retirement readiness is about both financial and mental preparation. It’s important to make sure you have both areas covered before you make the big move. Here are some tips and resources to help you prepare.
Achieving Retirement, needs a sharp pencil and calculator: Read More »
Q: “I am a decade away from my retirement, how will I know I will have enough income to retire?” A: First, you are wise to look this far ahead, so you are not caught short and not be able to recover: First, keep good records, so any change in your employment, pay or benefits
RETIREMENT: How Will I know I have Enough Saved? Read More »
“When can I retire with no penalties?” We receive this question many times each week. First, let’s look at when you earn a full retirement: • MRA with 30 years of service. • Age 60 with 20 years of service. • Age 62 with 5 years of service. Have you noticed, I did not say
I WANT TO RETIRE EARLY? Read More »
Retiring is an experience that happens once, usually, for a federal employee. Below are some of the forms and a basic process to follow. • Application for Retirement, SF 2801 (Civil Service Retirement System) or SF 3107 (FERS). Read through the application to find out about documents you might need to attach, such as your
THE RETIREMENT APPLICATION PROCESS Read More »
When is the best time for a federal employee to begin planning or even thinking about retiring? In four words: “On Your First Day”. I suppose anyone can argue this is too soon, but I can also argue that time is of essence and will pass all too quickly, so with the passing of time,
WHEN IS THE BEST TIME TO BEGIN PLANNING FOR FEDERAL RETIREMENT? Read More »
The best state to retire in. First, you must question what is your primary driving force? I cannot say where the best fishing, mountain climbing, boating can be found, as that is your personal choice. If you love your state, then stay where you are. But, if the questions boil down to economy, cost of
What are the Best States to Retire In? Read More »