FERS Contributions
What is my FERS contribution? Depending on your start date, your contribution will be either be 0.8%, 3.1%, or 4.4% to FERS. The chart below
FERS Benefit Formula
How is my benefit calculated? In order to calculate your FERS pension, you will need to know your creditable years of service as well as
FERS Basic Benefit Plan
What is the FERS Basic Benefit Plan? As a Federal Employee, your retirement consists of three components: your Basic Benefit (also called your annuity or
Social Security Strategies
“I have two questions about social security. I am 61 and my wife is 58. Let’s say my wife files for social security at age
FERS Early Retirement
My understanding is that if I take immediate retirement at MRA before 62, then I will: 1) get the FERS Supplement to my FERS annuity;
Military Buy Back
“I have almost 5 years of Federal Service (FERS—approximately 15 days short). I have over 7 years of honorable active duty service. I retired from
Health Insurance Options in Retirement
“I will be 65 years old next July and plan on retiring in Dec. 2022. I am covered under my husband’s health plan and also
“Where does my retirement income come from?”
“I am 65, born in (November) 1955. I’ve only been a Federal Civilian Employee for 5yrs this November. I’ve also withdrawn $7,000.00 last year for
Getting Nervous About TSP Losses?
“Micah, love your videos. I’m retired (58 years old) from USPS. Very aggressive in TSP. 40% C, 40% S, and 20% I- I’m down close
Does MRA+10 Qualify for FEHB?
“Is there a reason why you did not include the MRA+10 in the group below when speaking about qualifying for FEHB? I thought that this
Live Off TSP while postponing Social Security?
“Next May I can retire with 35 years at the age of 62. I was considering working 10 more months to retire at 63 and
TSP: Volatile Markets When You Are Planning for Retirement
“I retired on Dec 31 2019. Don’t you think I should pull all my money out of the TSP and put it in a high