Federal Employee Information Partnership
Jeff writes: “I actually love my job, but full time is getting pretty tough, I have heard I can retire and continue working part time? What’s up with that? It would be perfect. Tell me something so I don’t sound stupid when I ask my super.” Jeff D. USPS Jeff, there is a plan, if […]
What is an annuity? Some say it is an income, some say it is a savings instrument and others say it is an investment. The answer, it can be any and all of these. First, lets define annuity. The Romans awarded annuities to their loyal citizens; we might call it a pension now. When a
WHAT IS AN ANNUITY? Read More »
I am going to tell you a story. Adam is a good family man, he believes in the traditional family values, and he loves his wife and 3 small children. Like all young marrieds, they struggle with house payments, car payments on the family van and day to day expenses. He is the main bread
Temporary Illness or Disability, Off the Job Read More »
Question: “What are the 3 irreversible mistakes to avoid for federal retirement?” Your question asked for three irreversible mistakes, but the fourth mistake could be the one most important to you, so I will list 10 of the mistakes we see most often. Not having a plan Know your pre-retirement budget and your post retirement
Irreversible Mistakes to Avoid in Federal Retirement Planning Read More »
How many federal employees suffer from injury, illness or old war wounds, inherited traits that can build to make working difficult to impossible. Each month, many fed employees tell me they work under these conditions, many times in secret, because the income is needed. I get it, so maybe this article can help someone that
FERS Disability Retirement Read More »
TSP Contributions The IRS has raised the standard investment limit for the TSP and other 401(k) type retirement savings plan to $20,500 for 2022, up from the current $19,500. The Catch-Up maximum has not been announced. ROTH contributions The maximum amount you can contribute to a Roth IRA for 2022 is $6,000 if you’re younger than
IRS Announces 2022 TSP Contributions Increase Read More »
For the third time in the past three years, The Federal Retirement Fairness Act (H.R. 4268) is being introduced by Congressman Derek Kilmer (D-WA). It would ensure that federal employees who began their careers as temporary workers are granted the opportunity to make catch-up retirement contributions so that they can retire on time, otherwise they would have
The Federal Retirement Fairness Act (H.R. 4268) Read More »
The question of loss of retirement benefits due to involuntary termination has been asked of me about once or twice a year, however, recently, I have been asked at least 6 times this past month. This is occurring in many agencies. It seems the supervisors are restless. “I may be fired. Will I lose my
YOU’RE FIRED! Involuntary Termination And Your Retirement Benefits Read More »
As a government employee, your federal benefits are among some of the best in the United States. Not only do you get comprehensive health coverage, but you’re also eligible for low to no cost life insurance, flexible spending accounts, and a host of other benefits. However, as you near retirement, you may find yourself asking
What Happens to Your Federal Benefits When You Retire? Read More »
There’s always one big question that pops up in a person’s mind when they begin planning for retirement: “How much time do I have left?” However, for Civil Service Retirement System (CSRS) or the Federal Employee Retirement System (FERS) employees, this timeline is relatively set in stone. So how long does OPM take to process
The OPM Retirement Process Timeline – What You Should Know Read More »