Did you know that your FERS retirement income will have some unique twists and turns? Your retirement income will start, stop and change in ways that simply won’t compute in most financial planning calculators. Find out how your income will change, and what it means for your ‘Gap’.
Imagine you’re retired and living on a fixed income of $5,200/month. But suddenly your income dropped to $3,000/month. What changes would you have to make? Would you be able to stay retired? Who is faced with this situation?
Many times when people consider the VCP annuity, it looks like a viable option. However, there are critical problems with the CSRS VCP annuity that you should know about before you sign on the dotted line.
HSAs are special accounts designed to give you a tax deduction for qualified medical expenses.
As a federal employee, you have a number of great benefits. There is one that is often taken for granted but the author says it is actually your greatest benefit as a federal employee.
A financial planner said one of his new clients was a federal employee. It became clear he was not familiar with important benefits his client had as a federal employee.
Are you thinking about leaving federal service before you are eligible for an immediate FERS retirement? You need to know the difference between a postponed and deferred retirement.
Do you make “too much money” to qualify for a Roth IRA? CSRS and CSRS Offset federal employees have a unique benefit that can be used max-fund a Roth IRA.
If you’re close to retirement, you’ve probably calculated your FERS or CSRS Pension. But did you remember to consider these important reductions in your retirement planning?
There’s an important factor most people overlook when they choose monthly TSP payments in retirement. You can choose how much you take out each month – but you don’t get to choose HOW the money comes out. Don’t let this catch you by surprise.
