Federal Employee Information Partnership
YOU MAY BE ABLE KEEP A POLICY PERMANETLY, BY A CONVERSION PROCESS, at a REDUCE COST or YOU MAY QUALIFY TO SELL YOUR FEGLI POLICY DO NOT CANCEL BEFORE YOU HAVE LOOKED INTO ALL OPTIONS You’ve reached age 65, and you’re looking at that FEGLI deduction on your retirement check. It’s climbing higher than a Rocky Mountain trail. […]
“I have a financial advisor” is something I hear several times each week. “He is guiding me toward my federal retirement!” …. That is fine, I hope. If your advisor understands the unique nature of the federal employee and your benefits. In most cases, your advisor is an investment advisor, a stockbroker, maybe an insurance
Who is your RETIREMENT ADVISOR? Read More »
What are the most important parts of planning for your retirement? Planning for the survivor and family when you die. You will notice, I said ‘When’ because we all are, so it is best to make plans early, we never know when that last day will come. We all know someone old, very old, maybe
The income earners and consumers are in trouble. Although some are getting raises from Social Security, federal and state employee COLA, union contracts being re-committed, it is not enough to keep up. Higher salaries mean higher cost to companies and manufacturers, thereby increasing the rate of inflation; are chasing our tail. Bigger brains than me,
The Economy: An Opinion. 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 »
We are asked many times if the employee can carry FEGLI into retirement. The answer is yes, however, a larger question should be; ‘SHOULD YOU CARRY FEGLI INTO RETIRMENT? First, before you make this important decision, you need to clarify, for yourself, three basic things: 1) Is there need? 2. What is the cost? 3.
FEGLI Into Retirement For better or worse? Read More »
As a Federal Government employee, the Federal Employees’ Group Life Insurance (FEGLI) program is an option for familial security during retirement. If you’re enrolled in FEGLI, however, you should get prepared for the new premium insurance rate increase. This increase goes into effect the first pay period after October 1st, 2021, so you’re likely stuck
The FEGLI Rate Increase — What Does It Mean for You? 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 »