As a financial planner for federal employees, you can imagine that I get to help answer many retirement questions. But one of the most frequent questions I get from Feds approaching retirement is whether to enroll in Medicare. This makes sense; since Medicare offers various coverage options, making the question of whether there is anyContinue reading “Should Federal Employees Enroll In Medicare?”
Category Archives: FEHB
Will Your Children Keep FEHB If You Die?
As a federal employee, you know that you have robust benefits, and you’re likely aware that your Federal Employees Health Benefit (FEHB) coverage is one of your most valuable benefits. But what happens to your FEHB coverage if you die? In the past, I have discussed the requirements for a spouse to maintain your FEHBContinue reading “Will Your Children Keep FEHB If You Die?”
What Federal Employees Should Do 1 Year Before Retirement
Although, as a federal employee, you should begin planning for retirement years before you hand in your application, the year before retirement is critical to set yourself up for the transition. This period is essential since you’ll have limited time to review your finances and make decisions that will affect the rest of your life.Continue reading “What Federal Employees Should Do 1 Year Before Retirement”
Quickstart Guide To Medicare For Federal Employees
As healthcare costs continue to rise, it’s no surprise that federal employees nearing retirement have many questions surrounding Medicare. And while most are familiar with their Federal Employee Health Benefits (FEHB), many are not familiar with Medicare even though they’ll likely be eligible for the program at age 65. Hence, the topic of Medicare benefitsContinue reading “Quickstart Guide To Medicare For Federal Employees”
8 Things Federal Employees Should Do 5 Years Before Retirement
Retirement is a significant milestone, representing the culmination of years of hard work and the prospect of a well-deserved break. Retirement planning takes on even greater importance as a federal employee due to the unique benefits and complexities associated with your employment. While Feds enjoy a range of retirement benefits and opportunities, knowing when toContinue reading “8 Things Federal Employees Should Do 5 Years Before Retirement”
How Much Of Your FERS Pension Will You Keep?
When planning your federal retirement, you’ll need to calculate your FERS pension and should request an estimate from your HR. But often, these projections don’t represent what will actually be deposited into your bank account. The reason for this discrepancy is that most individuals calculate their gross pension, not their net pension, and even yourContinue reading “How Much Of Your FERS Pension Will You Keep?”
Will Your Spouse Keep FEHB If You Die? (VIDEO)
In this video, Jose Armenta, CFP®, reviews the requirements that must be met for your spouse to maintain Federal Employees Health Benefits (FEHB) coverage if you predecease them. If you’d like to learn more about carrying FEHB coverage into retirement, read this article.
What Happens To Your Federal Employee Health Benefits In Retirement?
As a federal employee, you know that you have a robust employee benefits package, and your likely aware that your Federal Employees Health Benefit (FEHB) coverage is a critical part of that package. But what happens to your FEHB coverage when you retire? Can you keep your coverage? Do your premiums increase? There is aContinue reading “What Happens To Your Federal Employee Health Benefits In Retirement?”