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 »
Retirement planning involves making some very important decisions regarding your federal pension benefit, Thrift Savings Plan investments and Social Security. This week, I’d like to focus on the last of these, because it includes a variety of benefits, each with a specific time frame for claiming and unique rules regarding payouts. and each comes with its
Social Security Benefits You May Be Unaware Read More »
It is not uncommon for someone to have no immediate person to be the beneficiary of your TSP. You may be divorced, widowed, or perhaps never married. Almost everyone has someone, a brother, a sister, parents, uncle, aunt? Let’s suppose no known living relative, then a friend. I have seen federal employee, sometimes, as family-less.
No TSP Beneficiary Read More »
For Better or Worse This week, an interesting case wherein the federal employee, about to retire, wishes to set up income from her TSP Funds. Simple enough, except, for the following reasons: Lesson learned, DO NOT DO YOUR OWN WILL, POWER OF ATTORNEY, TRUSTS etc. I was told recently; the big fees attorneys are earning
THE POWER OF THE ‘POWER OF ATTORNEY’ (POA) Read More »
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
Your Beneficiary and Considerations Read More »
When planning your federal retirement, we want to take care of those dependent on us, in the event we die. A spouse is eligible for a FERS benefit of 25% or 50% of the Unreduced FERS retirement annuity. But what is the deal when the survivor is not a spouse, but a child, be it
When Your Survivor Is Not Your Spouse Read More »
When we marry, we make promises and dream of a future together. But, with the promise comes certain obligations that will live on, even if the marriage doesn’t. The intention of this article is not to counsel whether you can save your marriage or take all with you when the split happens, but to bring
Sharing Retirement Benefits with a Former Spouse Read More »