Federal Employee Information Partnership
If there is a mistake or a typo on your SF-50, it will affect your federal retirement. Or if one of your SF-50s didn’t make it into your OPF (Official Personnel File) or got lost along the way – that time may not be credited towards your retirement, and it happens more often than you …
The Importance of Keeping Your personal Personnel File up to date Read More »
The basis in planning a vacation or retirement is where you begin the first step and know your destination. Detours and roadblocks can spoil the best laid plans.
The Importance of Self-Management by Rebalancing If you’re going to use the individual TSP funds to build your portfolio, you’ll want to rebalance periodically. Rebalancing is the process of bringing your portfolio back into line with the overall allocation you want to maintain based on the level of return and risk you’re targeting. The longer …
We receive many questions regarding the Service Computation Date (SCD), as it seems very confusing. Different dates in different places? Correction, ‘Seems’ confusing is incorrect, it IS confusing, so let me try and provide some clarity. There are four (4) different SCD dates. Each federal employee has four (4) possible computation dates (comp date): This …
The designated Beneficiary, may be the most overlooked, misunderstood and even neglected important retirement detail and we often see this given the least consideration in retirement planning. If you don’t plan right, it could cost thousands of dollars, it may hold up needed funds for a period, perhaps a long time, or may not reach …
In the beginning, when an employee builds their qualified retirement account in TSP (and IRA or 401(k) ) required distributions seem a forever away. During the years of your career, a routine of savings and budget can build a nest-egg that, in the end, the distribution, now required at age 72, are not needed, wanted …
THE UNWANTED Required Minimum Distribution (IRA, TSP,401(k) ) Read More »
In planning for retirement, of course, we all want the highest possible retirement income possible. If you are able or willing, here are few suggestions for the long term planning:
The day has arrived, you will be submitting your SF-3107 for retirement. The moment arrived faster than you anticipated, so you rushed through the process. Before you turn it in to HR, look it over and consider the following common mistakes: It is important that you meet a planner knowledgeable with the federal syste,
Many times, throughout the year, an employee has an opportunity to stay on the job, put retirement off for a while to take or apply for promotion. When the promotion is approved, the picture has changed, especially for the retirement. Higher salary which leads to a higher H-3, and a bigger retirement. The most impact …
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.