FERS Annual And Sick Leave At Retirement
As federal employees approach the end of their careers and start the retirement planning process, many wonder what will happen to their leave. Will they receive a lump sum payment or credit toward their FERS annuity? There can be aContinue reading “FERS Annual And Sick Leave At Retirement”
Federal Pay Raises Vs. FERS COLAs
With the most significant FERS cost of living adjustment (COLA) in over a decade (4.9%) for FERS retirees and only a 2.7% pay raise for active federal employees set for January 2022, many feds are wondering why the large difference?Continue reading “Federal Pay Raises Vs. FERS COLAs”
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 timeContinue 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’llContinue reading “Quickstart Guide To Medicare For Federal Employees”
How Will Your Federal Retirement Benefits Be Taxed?
Many federal employees don’t realize the impact that taxes will have on their retirement income. But the truth is that if not factored into your retirement planning, taxes can destroy your financial plan. Even if retirement is many years away,Continue reading “How Will Your Federal Retirement Benefits Be Taxed?”
How Is Your FERS High-3 Calculated?
Most federal employees have heard the term “High-3,” and many understand that their pension will be a percentage of this amount. But few know how to compute their High-3 or what pay is actually included in it. However, since yourContinue reading “How Is Your FERS High-3 Calculated?”
Can You Convert Your Traditional TSP To The Roth?
As a federal employee, there are some major advantages to contributing to the TSP, such as having the choice of making pre-tax (Traditional TSP) or/and post-tax contributions (Roth TSP). Being able to select how you want your contributions treated forContinue reading “Can You Convert Your Traditional TSP To The Roth?”
How Do The FERS COLAs Work?
As a federal employee, one of your greatest benefits is your FERS pension, and one of the greatest aspects of your pension is the cost-of-living adjustments (COLAs) applied while you’re in retirement. The reason these COLAs are such a powerfulContinue reading “How Do The FERS COLAs Work?”
Can Federal LEOs Elect the Postponed Or Deferred Retirement?
Although we have covered the enhanced retirement benefits for LEOs and the FERS early retirement options (Postponed and Deferred), we haven’t reviewed whether LEOs can retire under one of these early retirement options. And while many LEOs will retire underContinue reading “Can Federal LEOs Elect the Postponed Or Deferred Retirement?”
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