Federal Employee Information Partnership
Designating a Beneficiary When you were hired, you designated your beneficiaries to receive your life insurance benefits and survivor benefits. However, life goes on and as life changes, and people may come and go, new additions, a review of all designated beneficiaries are a must in terms of smart planning, when life changes occur. When
Review Beneficiaries and Essential Documents Read More »
So, you are divorced, your ‘ex’ married a rich guy with 7 gas stations, and she will still receive half of your retirement annuity and TSP, because you never changed the beneficiary to your new wife. Perhaps the kids are listed as FEGLI beneficiaries, except poor Teddy, who was born after your last beneficiary review.
What in the world is a coordinated retirement plan? When was the last time you heard of a doctor, a financial planner, a lawyer or a real estate agent getting together to coordinate their planning efforts for a client they all serve? When you think about it, all of these elements have an impact on
The COORDINATED RETIREMENT PLAN Read More »
First, let’s look at the Employee Retirement Income Security Act of 1974 (ERISA) It was created to provide employees with a retirement boost in federally sponsored retirement benefits. To the federal employee as well as local government and private industry. The account are the TSP, but to include IRA, 401(k), 403(b) and other ‘Defined Contribution’
What Does Rate of Return mean to your TSP/IRA, 403(b) or 401(k)? 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 »
What are life events? We know that the birth of a child, or the loss of a spouse are certainly life events, however, under the stress of divorce or buying and selling a home, we forget these too are life events. When something occurs, we must take stock and make sure that our lives and
Life Events Effecting Future and Retirement Read More »
We are receiving many questions about reductions in force, VERA, Incentives, Layoffs, and firings, which most folks have comingled words, meanings, and rumor in dialog. The real fact should dispel all issues because each has a separate meaning. A RIF, VERA or a VSIP, with most employees, do not fully understand what the difference is
RIF vs VERA vs VSIP Read More »
“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 »
There are some disabilities which are obvious and others, which are just as debilitating but not as obvious. The back can be one of the not-so-obvious pains. Perhaps, PTSD. What does your doctor say? Can your doctor prove your disability and pain, or is nothing visible on X-Ray, CT scan, MRI etc. The FERS Retirement
I hurt and cannot work any longer, is a FERS Disability Retirement for Me? Read More »
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 »