Social Security benefits are a crucial component of retirement planning for federal employees. However, deciding when to claim these benefits is not always straightforward since there are several factors to consider, such as your financial situation, health status, and retirement goals. While some Feds may choose to claim Social Security benefits as early as ageContinue reading “When Should Federal Employees Claim Social Security”
Category Archives: Social Security
What Federal Employees Need To Know About Working In Retirement
Many federal employees plan to work at least part-time in retirement. Some make this decision for the extra income, a desire to stay active, maintain a sense of purpose, or some combination thereof. Whatever your reason might be, it’s essential that you’re aware of how working in retirement can affect your other income. While continuingContinue reading “What Federal Employees Need To Know About Working In Retirement”
Life Expectancy: What Federal Employees Need To Consider When Deciding When To Claim Social Security
As a federal employee, one of the biggest decisions you face when preparing for retirement is what age you’ll claim Social Security benefits. Your choice will range from age 62, the earliest possible age you can start benefits, to delaying until age 70. Now you might be asking yourself why you would delay receiving anContinue reading “Life Expectancy: What Federal Employees Need To Consider When Deciding When To Claim Social Security”
4 Tax Pitfalls Federal Employees Need To Avoid
There are many financial mistakes that federal employees can make throughout their life, but some of the most common that I see revolve around tax planning. Specifically, there are 4 common errors I see federal employees make before they work with my firm. These tax mistakes can be costly and might even derail your financialContinue reading “4 Tax Pitfalls Federal Employees Need To Avoid”
3 Things Federal Employees Must Know About Social Security
Your FERS retirement benefits consist of three main components: The Basic FERS Retirement Pension, Social Security, and the Thrift Savings Plan (TSP). And while your FERS pension is one of the more unique parts of your retirement package, Social Security is an equally important benefit providing guaranteed income. Since Social Security is such an essentialContinue reading “3 Things Federal Employees Must Know About Social Security”