Tag: Benefits

Maximizing Your Social Security Benefits: ‘File and Suspend’

Filed in News by on February 11, 2014

The author discusses a strategy for maximizing Social Security benefits known as “file and suspend.” In addition to detailing who can use this strategy, he outlines some examples of how it might work.

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Notes on the Windfall Elimination Provision (WEP)

Filed in News by on February 5, 2014

The Windfall Elimination Provision (WEP) means if you are getting a Social Security benefit as well as a pension where you did not pay into Social Security, your Social Security benefit is reduced. The author provides examples of the financial impact this can have on your earnings.

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Maximizing Your Social Security Benefits

Filed in News by on February 4, 2014

Would you like to get a 32% higher Social Security benefit? How about being able to collect ½ of your spouse’s Social Security benefit while you are still working; with no earnings test? The author explains a technique called “restricting your benefits” that can work for many FERS or CSRS employees to boost Social Security benefits.

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Understanding and Getting the Most Out of FERS

Filed in Headline Archives, News by on January 22, 2014

FERS is a complex system and much depends on an individual’s status with the government when planning for what to expect upon retirement. The author offers a basic guide to help understand some of the key points of the FERS system.

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FEGLI Premiums in 2014

Filed in Headline Archives, News by on January 13, 2014

Upon receiving the leave and earnings statement for the first full pay-period of 2014, many employees will notice that their premiums for Federal Employees Group Life Insurance (FEGLI) have increased. The author offers some details on what you can expect.

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Retirement Myths: Can You Increase Your FEGLI Coverage — or Not?

Filed in Headline Archives, News by on January 9, 2014

You may be able to acquire more FEGLI coverage by providing medical evidence of insurability or by experiencing a “qualifying life event” (QLE).

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About That Christmas Eve Holiday…

Filed in News by on December 23, 2013

Those who were hoping or planning for an extra day off on December 24th should just plan on coming to work that day or taking a day of annual leave instead.

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Postal Service Retirees, Medicare, and Implications for Other Federal Retirees

Filed in Headline Archives, News by on December 12, 2013

The Postal Service wants to put all retirees under Medicare in order to save billions of dollars. When this is considered by Congress, look out for a similar change proposed for the remainder of the federal workforce.

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