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Helping Federal Employees Make Smart Financial Decisions

8 Things Federal Employees Should Do 5 Years From Retirement

8 Things Federal Employees Should Do 5 Years From Retirement

For most federal employees, retirement has always seemed like a far-away concept and not a top priority. But as retirement starts to loom, it usually causes an abrupt change in priorities. This change typically occurs five to ten years before retirement, and for good reason. This period is critical for federal employees since specific enrollmentContinue reading “8 Things Federal Employees Should Do 5 Years From Retirement”

The Common And Costly Estate Planning Mistake Federal Employees Make

The Common And Costly Estate Planning Mistake Federal Employees Make

There are many financial mistakes that federal employees can make throughout their life but one of the most common that I see, and ironically one of the easiest to avoid, is naming and updating beneficiary designations. Yes, this sounds simple, but you may not realize how many beneficiary designations you have. And since it’s easyContinue reading “The Common And Costly Estate Planning Mistake Federal Employees Make”

Understanding the FERS Deferred Retirement

Understanding the FERS Deferred Retirement

Every federal employee knows that the FERS pension is a great benefit, but many are unaware of the several ways they can be eligible to receive that pension. For instance, federal employees can retire under the immediate, postponed, or deferred retirement option, to name a few. And since retiring after 20 or 30 years ofContinue reading “Understanding the FERS Deferred Retirement”

How Much Of Your FERS Pension Will You Keep?

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?”

What Military Service Can Be Bought Back?

What Military Service Can Be Bought Back?

In last week’s article, we reviewed the benefits of making a military service deposit or “buy back” and when it could make sense to do so. We saw that although every situation is different, for most buying back military time makes sense since it can reduce the time until retirement eligibility and increase the FERSContinue reading “What Military Service Can Be Bought Back?”

Should You Buy Back Your Military Time?

Should You Buy Back Your Military Time?

If you’re a veteran, then you have likely heard the phrase “buying back your military time” on more than one occasion. But what exactly does that mean, and why is it important? In this article, we’ll discuss the answers to those questions, plus some key factors to consider when deciding whether you should buy backContinue reading “Should You Buy Back Your Military Time?”

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