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16 Apr

What Happens to Your Federal Benefits After You’re Gone

As a federal employee, you have access to some of the most generous and comprehensive retirement benefits in the country. You have a pension, social security, and a thrift savings plan (TSP) that can provide you with a steady and secure income for the rest of your life. You also have health insurance, life insurance, and other benefits that can protect you and your family from unexpected expenses and risks.
But have you thought about what will happen to your […]

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09 Apr

FERS Retirement Benefits Explained: What You Need to Know

Are you a federal employee who is covered by the Federal Employees Retirement System (FERS)? Do you want to learn more about the benefits that you can receive from FERS when you retire? Do you want to plan ahead and make the most of your retirement savings and income?
If you answered yes to any of these questions, then this blog post is for you. In this post, we will explain the basics of FERS retirement benefits, and how they […]

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02 Apr

How to Avoid These Four Mistakes that Can Hurt Your Federal Retirement

Do you want to retire comfortably and securely as a federal employee or annuitant? Do you want to make the most of your retirement benefits and savings? Do you want to avoid any regrets or surprises in your retirement? If you answered yes to any of these questions, then you need to be aware of some common mistakes that can ruin your federal retirement. These mistakes can affect your income, your taxes, your health care, and your happiness in […]

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19 Mar

The Essentials of FEGLI Living Benefits: A Thorough Guide

Do you know what FEGLI living benefits are and how they can help you in case of a terminal illness? Do you know how to keep or change your FEGLI basic coverage after retirement? Do you know how your choices can affect your finances and your heirs? If you are a federal employee or annuitant, these are some of the questions that you need to answer when planning for your future. FEGLI, or Federal Employees Group Life Insurance, is […]

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05 Mar

Tackling Tax Traps and Withdrawal Woes in Your TSP Retirement Strategy

Retirement is a journey that comes with its own set of challenges and surprises. For federal employees relying on their Thrift Savings Plan (TSP) as a financial cornerstone, understanding the tax traps and withdrawal complexities is crucial for a smooth transition into the golden years. In this article, we’ll tackle the intricacies of TSP management during retirement and provide insights to help you navigate potential pitfalls.
TSP Tax Traps
1. No State Tax Withheld
The absence of state tax withholding from TSP […]

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27 Feb

The Roth TSP Advantage for Young Federal Employees

In the constantly changing field of retirement planning, federal employees encounter important decisions that can profoundly influence their financial future. One such decision revolves around choosing between traditional and Roth retirement plans, particularly within the framework of the Thrift Savings Plan (TSP). For younger federal employees, the math undeniably favors the Roth TSP, ushering in a new era of strategic financial planning.
Evolution of Retirement Plans
The genesis of qualified retirement plans, including the traditional TSP, dates back to the 1980s, […]

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20 Feb

Social Security Benefits: A Comprehensive Guide for Federal Employees

Retirement planning is a complex journey, and for federal employees, deciding when to initiate social security benefits can be a pivotal choice. With various advantages and obstacles associated with different claiming ages, understanding the nuances is essential. In this article, we’ll explore the factors influencing the decision of when to claim social security retirement benefits, offering insights for federal employees to make informed choices aligned with their unique circumstances.
Factors to Consider
When contemplating the optimal time to begin receiving social […]

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13 Feb

Difference Between FERS Disability Retirement and Social Security

In the intricate landscape of federal employment, unforeseen challenges can alter the trajectory of our careers. For federal employees facing disability after at least 18 months of service, the safety net of FERS disability retirement comes into play. Although the Civil Service Retirement System (CSRS) has its own disability benefit, any remaining CSRS employees are already eligible for a non-disability retirement.
The distinction between social security disability benefits and federal disability retirement often leads to confusion. Social security provides a […]

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