Are you looking for ways to save more money for your retirement? Do you want to reduce your taxes and increase your income in the future? Do you want to have a backup plan for your medical expenses in case of an emergency? If you answered yes to any […]
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 […]
If you are a federal employee, you probably have a Thrift Savings Plan (TSP) account, which is a retirement savings plan that allows you to invest your money in various funds and enjoy tax benefits. But have you thought about what will happen to your TSP account when you […]
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 […]
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 […]
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 […]
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 […]
Retirement is a significant milestone, and for federal employees, it often comes with a unique set of considerations. One such consideration is the Special Retirement Supplement (SRS), a bridge that helps federal retirees before they hit the minimum age to claim Social Security benefits. Let’s break down the nuts […]
In 1977, the Social Security Administration (SSA) implemented a significant amendment known as the Government Pension Offset (GPO) rule. This rule aimed to address concerns raised by Congress about individuals who received government pensions from non-Social Security-covered jobs, such as the Civil Service Retirement System (CSRS), and were simultaneously […]
Losing a spouse is an emotionally challenging experience, and when that spouse is a federal employee, understanding the complex web of benefits during such a difficult time can be overwhelming. In this article, we’ll provide a thorough overview of the key benefits available to surviving spouses of federal employees […]
