Tag: Annuity

Will Retiring in the Middle of December Lower My FERS Pension?

By on January 3, 2017 in Q&A, Retirement with 0 Comments
Will Retiring in the Middle of December Lower My FERS Pension?

I understand that there is often a “best date” to retire to maximize one’s pension, but I want to retire in the middle of December 2017 to take my family on vacation. What effect will that have on my FERS pension?

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How is the TSP Annuity Supplied by MetLife Calculated?

By on December 12, 2016 in Q&A, Retirement with 0 Comments

Can you tell me how the TSP annuity that is supplied by MetLife is calculated? I have been given a bunch of different answers and none match what the TSP rate is offering (which is of course much lower).

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0.3% COLA Increase for Federal Retirees and Social Security Recipients in 2017

By on October 18, 2016 in Retirement with 0 Comments
0.3% COLA Increase for Federal Retirees and Social Security Recipients in 2017

There will be a COLA increase of 0.3% for federal retirees and Social Security recipients in 2017.

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Do Members of Congress Get a Special Pension Benefit That Other Federal Employees Do Not?

By on October 17, 2016 in Retirement with 0 Comments
Do Members of Congress Get a Special Pension Benefit That Other Federal Employees Do Not?

There is a common belief that Members of Congress have a special pension that will pay them their full salary as a pension for as little as five years of Congressional service. Is this really true?

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How is the 2016 FERS Annuity Supplement Calculated?

By on August 30, 2016 in Retirement with 23 Comments

The author provides a basic explanation of how the FERS annuity supplement is calculated as well as why a federal employee would want to make the calculations.

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Interest Rates and Your TSP Annuity

By on August 4, 2016 in Q&A with 14 Comments

Have the low interest rates we have been having for the last several years affected the amount of money a person would be entitled to if he chose the TSP annuity option?

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New Guide Shows You How States Will Tax Your Annuity

By on April 15, 2016 in Retirement with 18 Comments
New Guide Shows You How States Will Tax Your Annuity

A new guide from NARFE gives federal employees an overview of state tax rates and how each state treats retirement income with respect to taxation.

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How To Tell If You Are Getting Bad Advice About Your TSP

By on February 23, 2016 in Retirement with 18 Comments
How To Tell If You Are Getting Bad Advice About Your TSP

Your savings inside of the Thrift Savings Plan that you worked so hard throughout your federal career to accumulate are a large component of providing income in retirement. It is important, therefore, to make sure you make the right choices with regards to preserving these funds. The author provides some advice for federal employees on different ways to determine what constitutes good and bad advice as it relates to their savings inside of the TSP.

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Which is Better to Put in Place for My Wife: Survivor Benefit or Guaranteed Life Insurance?

By on November 23, 2015 in Q&A with 14 Comments

Do I take a full survivor benefit for my wife which I estimate will be $226.00 that is deducted from my monthly retirement, or do I take some kind of guaranteed life insurance that would guarantee her an income should I pass before her?

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Determining 'Net Annuity' and Payments to an Ex

By on November 2, 2015 in Q&A with 1 Comment

I have contacted some HR folks and have gotten different answers as to how “net annuity” is calculated for what I and my ex have to respectively pay each other when we retire. Are you able to give an authoritative answer that is based on some OPM reference that makes determining net annuity crystal clear?

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