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
Ep #19: Phase of Retirement – 5 Years Out From Retirement
When we consider retirement, most of us think about this chapter in our lives as a positive time—and it can be, as long as
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
Ep #18: Phase of Retirement – 10 Years Out From Retirement
When you are planning for your retirement, there are a lot of different areas you need to be aware of financially, and it can be
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;
Ep #17: Taxes
Tax season is upon us, and for many, it is a scary time. With so many opinions floating around, it is hard to decipher between
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
Ep #16: What’s My Pension Worth?
Does it make sense to stay a full thirty years in the federal government just to receive a better pension? Ten years (or more) before
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 I’ve also withdrawn $7,000.00 last year for
Ep #15: New Year’s Habits
There is so much that we can’t control, and it’s easy to focus on those things and feel helpless to stop them. But in this
