Helping Federal Employees Make Smart Financial Decisions
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￼”
As federal employees approach retirement, thoughts shift from worry over the workday grind to concerns about preparing for retirement. And while you will likely never starve due to your pension and Social Security, many mistakes can devastate your retirement, turning your vision of a fulfilling second chapter into a period of scarcity and fear. So,Continue reading “3 Critical Mistakes Federal Employees Make￼”
Personal finances can be complicated, especially when you’re a federal employee with a robust benefits package that includes a FERS pension, survivor benefits, the Thrift Savings Plan, and life insurance, all of which require some type of financial decision making. And while OPM and your HR specialists do an excellent job of providing plenty ofContinue reading “3 Reasons Why Federal Employees Should Hire A Financial Advisor￼”
The Public Service Loan Forgiveness (PSLF) Program is a federal program designed to encourage students to enter public service by forgiving any remaining loan balance after 120 qualifying monthly payments (10 years) have been made. As simple as that may sound, in practice, qualifying for this program hasn’t gone very smoothly, in part due toContinue reading “The Public Service Loan Forgiveness Program For Federal Employees”
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?”
Many federal employees are aware of the survivor annuity benefit elected at retirement and understand that it allows them to leave a portion of their FERS pension to a beneficiary upon their death. But few are aware of the child survivor annuity benefit. Although both may sound similar, the survivor annuity elected at retirement andContinue reading “The FERS Child Survivor Annuity Benefit”
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