Tag: Annuity

New Guide Shows You How States Will Tax Your Annuity

By on April 15, 2016 in Retirement with 0 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 0 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 0 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 0 Comments

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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What Impact Does Unused Sick Leave Have on My Annuity?

By on October 13, 2015 in Q&A with 0 Comments

I plan on retiring with 42 years and 7 months of service in Jan 2017. I will have accumulated 2500 hours of sick leave balance at time of retirement. I am in CSRS, so I was wondering what the increase in my annuity, expressed as a percentage, above the 80% value, would be due to credit for sick leave.

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Will Retired Federal Employees Still Receive Their Annuity Payments in the Event of a Shutdown?

By on September 21, 2015 in Retirement with 0 Comments
Will Retired Federal Employees Still Receive Their Annuity Payments in the Event of a Shutdown?

Retired federal employees may be wondering if they will still receive their annuity checks if the government shuts down at the end of the month. This information from the Office of Personnel Management sheds some light on this and other questions federal retirees may have.

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Impact of LEO 'Bridge' on Federal Pension

By on September 17, 2015 in Q&A, Retirement with 0 Comments

I was employed in a law enforcement officer position and retired under FERS. I am collecting my annuity and the “bridge.” I have an opportunity to be hired in a non LEO, part time position in the federal government. I understand that the “bridge” will be affected by the earnings amount but will it affect my pension?

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What Happens to My Retirement Contributions if I Die Soon After I Retire?

By on August 20, 2015 in Q&A, Retirement with 0 Comments

If I were to pass away after only being retired a couple of years, I will have only had taxes excluded on a portion of my pension. If my wife and I elected no survivor annuity, does she get the remainder without paying additional taxes on it, since it has already been taxed?

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Utilizing the TSP After Transitioning to Private Sector

By on June 23, 2015 in Q&A, Retirement with 0 Comments

I’m considering resigning from my career with the Postal Service and working in the private sector. Can I leave my TSP funds in place after resigning, and I can make deposits and withdrawals thereafter?

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Spouse's Survivor Benefit at the Time of Death

By on April 15, 2015 in Q&A, Retirement with 0 Comments

I am 60. I would like to continue to work at least until I’m 62 but if I were to pass away before retiring, would my wife be able to apply for a survivor’s pension based on my being eligible for retirement at the time I died?

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