FERS Supplement
Once your FERS Supplement ends, should you take Social Security benefits? This really comes down to a case by case basis. As you probably know
FERS MRA
What is MRA? Minimum Retirement Age is a threshold that was created for FERS and CSRS to determine a federal employee’s eligibility for retirement. Depending
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
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
