Social Security: What YOU Need to Know
https://youtu.be/9Msn-e86wL8 Social Security is one of the most talked about and misunderstood parts of retirement planning. For many federal employees nearing retirement, online discussions, headlines,
https://youtu.be/9Msn-e86wL8 Social Security is one of the most talked about and misunderstood parts of retirement planning. For many federal employees nearing retirement, online discussions, headlines,
https://youtu.be/9rU64rw2cbU When you hear the word “bridge,” you probably picture the Golden Gate or Brooklyn Bridge, not your retirement income. For federal employees, though, a
https://youtu.be/aXGJ0TL-QC4 From Magazines To TikTok Financial “trends” are nothing new; only the platforms have changed. Decades ago, investors chased the latest ideas from glossy money
https://youtu.be/xIjeO–32Lc Most federal employees are surprised to learn that up to 85% of their Social Security benefits may be taxable in retirement. In this episode,
https://youtu.be/M_e4Sfc8vvk We’re all feeling the impact of inflation. Groceries, gas, utilities… everything costs more. Unfortunately, federal retirees may soon feel it even more directly. For
https://youtu.be/eMUJ7_5dMU0 Are Federal Employees Being Auto-Enrolled in Medicare Part D? If you’re enrolled in a Federal Employee Health Benefits (FEHB) plan that now offers Medicare
Real Question from a Federal Employee I am a widow and own an inherited TSP from my husband. Currently, I listed our Living Trust as
Federal Employment has perhaps never been more uncertain. The Cross Roads When we visit with Federal Employees, we usually run into two groups of people.
Feds are facing yet another extended furlough in 2025. A furlough is when an employer, in this case the federal government, places employees on an
Real Question from a Federal Employee As I approach retirement, what are the safest and best TSP investment and allocation strategies, any suggestions? – Andrew
Real Question from a Federal Employee What is the maximum amount of unused annual leave that I may be paid for when I retire? – Wayne
Real Question from a Federal Employee Hey, I am retired Air Force 22 years a combat injury related 100 % disabled veteran. I am working
Real Question from a Federal Employee Do I need Medicare Part B if I have FEHB? I find it hard to believe Medicare Part B
Real Question from a Federal Employee What age can I start collecting Social Security retirement benefits? What is my full retirement age, and how does
Real Question from a Federal Employee Hello, I have a question. I’m a few years out from retiremen, how can I be sure I’m financially
I have 2 years state retirement contributions, 10 years military (7 years federal 3 years guard). Can I combine state and federal retirement contributions? Do
Question about TSP matching Contributions.If I retire at the end of a month, which happens to be the middle of a pay period, do I
Can I suspend FEHB in retirement then start it again later if my new (private sector) employer offers health coverage benefits that I’d like to
I have 15 years of federal service and am 55 years old. I have only been in the FEHB for my most recent 3 years
https://youtu.be/AH8GKsjrlSQ The more confident you are that you won’t be scammed, the more vulnerable you are. Scammed, Phished, Hacked, or Conned… isn’t just for the
Is it possible to request a waiver to access the FERS Supplement two years early? My wife has 32/33 years but only turns 55 in
Thank you for your wonderful and helpful videos on postponed retirement. The one question I have remaining is – I understand that if I retire
First, I have listened to your podcast for year,s and it has been a wealth of information. Thank you. Now for my question…I am a
I’m 65 now, still working usps, when I retire in 1 to 2 years, I’m interested in keeping monthly health insurance down. Is it more
https://youtu.be/RGaefOcEvEw Every Investor should have their “Rules on Investing” in place for times of “market volatility and turmoil.” Times like this, I am often reminded
Yes, good morning. Jeff here, wondering about having a postponed retirement. When the paperwork needs to be filled out, if I want to start that
Good morning, my name is Alberto. I am a Mail Handler for the Postal Service with 40 years of service. Currently, I can carry over
https://youtu.be/VQ0Z9PhhxEQ How prepared are you if you no longer work for the Federal Government? Maybe you accepted the Trump Administration’s “deferred resignation” package; maybe your
My wife is a federal employee and will retire next year. She is going to be 50 years old. I am going to be 58
Need help with federal employee survival benefits. I looking for specific help with my wife’s survivor FERS and Death Benefits. My wife worked for the
Hi, my name is Eric. I am calling because I have a question about buying back my military time. I am retired from the from
Hello. My name is Joyce and I am trying to determine the best date to retire either december 31st or january 11th 2025 at the
I’m 60 years old with 36 years of service. I called the TSP help line and asked if I could roll over money from the
Hello, I just started federal employment this July. I served Active Duty in the Army for 9 years from 2009 to 2018. In 2018 I
Yes, my name is Bobby and I have a question on the life insurance coverage. I read here that it said that the basic life
“Yes, my name is Marty. I like to know about FERS, if there is a maximum amount of years that I can work and then
Yes, my name is Martha, and I tune into as many of your podcasts as I can, for your valuable information, I have a question
If you have a birth month of Jan ro April, and the year you obtain age 61, you exceed the earnings limit, how is that
FERS supplement annuity. I retired from SSA under the 25 years of service at any age in 2014. I was told I would be eligible
Hi. I have congressional experience and a break in service and I have just retired to the executive branch and I was wondering how the
I can retire in october 2019 with 30 years under first, I will be 56 and I mean 10 months old and I do not
I just saw you guide to military service credit buybacks. I didn’t see something in your guide that I think is very important: There is
Hello PYFR team! I love the podcast and appreciate it and all the resources you offer. My question is about taxes on the pay-out of
I read the $1,000.00 example that you write and 50% of 1K is 500.00 a month for my wife. That makes sense and I understand.
I’m planning to retire December 31, 2025; I will have 10 years and 8 months. When should I start the process? – Angelia https://youtu.be/oZS4cyl1JtM Planning
I am eligible to retire from fed service at 57 1/2. I will have 36 years of service. I plan on using my TSP to
I am 8 years from retirement and currently invested 100% in the C fund. When should I start moving money to the G fund and
If I retire age 59 under Postponed Retirement can I collect the SRS – Kenneth https://youtu.be/KAGt4Mu4OpM Federal workers have three main parts to their retirement: a
Hello, I appreciate your videos very much. I am active duty and retiring next year, intending on becoming a GS employee. Can you do one
How do I calculate my high three? I was a FERS employee from 1991-2000 then returned to FERS in 2022. I am 58 with a
I worked for the federal government from 1995 to 2000. I turn 62 in 2024. I spent my entire federal career at Nevada. I live
Hi! Love your podcasts and videos! I’m having a hard time figuring out my best dates and options for retiring soon. I’m trying to determine
Questions about social Security and COLA (cost of living adjustment) are among the most common. Let’s go through the basics with Floyd Shilanski, RCF, Managing
“In mid 2025, I will turn 62, therefore my FERS supplement will stop. I currently work PT not to exceed 2013 earnings limit. However, in
“Hello, Will OPM issue me a personal FERS Benefits Summary upon request (i.e., similar to the personalized benefit summary issued by Social Security) based on
“Can I take out a loan towards my FERS contributions? I’m a federal employee and no where close to retirement. Would it work like the
My husband was retired in May of 2020 at age 65 after 20 years of service with the FBI. We kept our health, vision and
”If I receive 26k in annual leave payout does that count against the earnings limit of my supplement? Also what about the money I made
”Hi, I’m 61 years old and my FERS supplement is ending soon. What should I do when that income goes away? And how am I
”I receive a FERS disability pension, with less than 10 years service. My minimum retirement age by year of birth is 57, but I only
I absolutely loved the episode on what you cannot do in the TSP. Naturally, it brought up other questions in my mind. Before I got
“should I delay my social security and let my wife draw it until my FRA? I planned on drawing at 62 anyways. I am retired navy and
“What happens to a surviving spouse if an employee dies while working, but that employee was also in the process of buying back military time?
“If I retire after age 62, and supplement my monthly FERS pension by making small withdrawals from my Traditional TSP (assume $2,000/ month), would IRS
“Love your podcast! I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of
“My husband and I both had careers with the National Park Service. He carried the family insurance for us. He retired in 2021 and did
“I am currently age 32 (a bit away from retirement) and I have been with USPS for 6.5 years now. It says you are fully
“I’m about 10 years out from retirement. I’m wanting to stop putting money into the traditional tsp and start a Roth. Is that doable?” –
“When determining creditable service for determining what my FERS annuity will be, can unused sick leave be used to get creditable service time from 20
“Micah, I have a question about the earnings test for FERS Supplement. I’m a title 38 physician, planning to retire with age 60 + 20
“Love your podcast! I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of
“I am turning 62 and I am drawing disability FERS. Can I draw social security and FERS together? And will my FERS change when I
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any
“I retired from PHMSA/USDOT January 2021 and I just received my first W2 form from the Department of Interior and It says that I paid
“Greetings, I think I have an understanding of FERS postponed retirement, but there is one point that I have been unable resolve. I am by
“August 2023 I will turn 62 and stop receiving the OPM Social security . After August for the remainder of 2023 will I still be
“Hello, I have 31k in my TSP. Is it possible to withdraw the total amount at one time? ” – Bill. https://youtu.be/ueICsrk2rtI Demystifying TSP Withdrawals
“Hello , I worked for 11 years as a federal employee until age 57, now I am 62 , can I still get fehb, ie
“When should I retire to take advantage of the planned big 2023 COLA increase? If I retire in December, will my pension benefits be increased
“I plan to retire at age 57 with an MRA + 10 option. I don’t plan on taking my FERS retirement out until later age
“I have been working in the federal system for 3 years and will retire within the next 5 years. I am 62. I have a
https://www.youtube.com/watch?v=2R_2ky5nZaM Does it make sense to buy back my military time now that I am a Federal Employee? If you have military time but do
“If I started in the NAF system in 1996 and then converted to GS in 2008 we were told it would count towards retirement. From
“My wife and I updated our wills two years ago, it states that all of our estate is to go to the survivor and if
“I am in the process of divorcing (prior to my federal retirement). I am considering agreeing to providing my soon to be ex-spouse partial survivor
“I’m just about 65 and make about 125K a year working for the federal government. I plan to retire in five years when I’m 70.
“Can I withdraw my FERS to use as a down payment for purchase of Real Estate?” – Tracey. https://www.youtube.com/watch?v=CPm4DDHl0-c&feature=youtu.be When Federal Employees use their retirement
“Planning on retiring at my MRA, is the FERS supplement subject to the social security earnings test? Thank you for your time!” – Craig. https://www.youtube.com/watch?v=87LW2zw_7Lg
“I retired as a FERS employee at age 56 with over 32 years of service. Upon retirement, I chose to withdraw $2000 per month from
“I retired from Federal service on Dec 31, 2020. My annual leave balance was paid out to me in a lump sum at the end
“Hi Tammy and Micah, Thanks for the information. I separated from the government at age 54 1/2 years and 20.5 years of service. I like
“Hi! I LOVE your podcasts! I am a Federal employee, have met my MRA and will meet my 30-years of service on Nov 2, 2021.
“How to plan which source to withdraw from and when (TSP, Roth, other investments) over the retirement years to supplement pensions and SS. Are tax
“I have a question related to something in one of your articles about FEHB and Medicare. The article stated: “As a full-time Federal employee, you
“Thank you very much for the great information. Question: Do I need to list my ex-spouse on my FERS retirement application if we were married
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any
“Is there a way, I can find out how much I will receive at retirement and when I can collect? I worked 24 years, but
“If my TSP beneficiary is currently my Trust, then upon my death, will that transfer be made by a one time full payment -20% for
“If I erroneously select an annuity from the TSP instead of a withdrawal from it, can I reverse that option? Thanks.” – Orlando. https://www.youtube.com/watch?v=8T69Yxmht-k Listen,
“I am a retired FERS federal employee (age 65). I just watched your episode about a “like kind direct transfer” of tsp funds to an
“Greetings, I am retired from the Army after 20 years as a Staff Sergeant. I am currently a GS 14 with 11 years under FERS.
“Hello Micah, I am so glad that I happened onto your website. I have read a lot of material and have watched a lot of
”I have gotten conflicting information about my lump sum annual leave. I plan on retiring on 12/31/21. I know that I will get my lump
“How do I know when it’s worth it to withdraw (refund) my FERS contribution when I leave the Fed workforce? if I have less than
“First off, great content on your site! A plethora of information for Federal employees that is extremely invaluable for retirement planning. Regarding the FERS Supplement
“I have about 1,300 hours of sick leave. What is the best advice on what to do with those hours as retirement nears for me?
“Hey! I love the podcast, and I’m hoping you might be able to tell me if my Lifecycle fund-based investment strategy overlooks any important factors.
“I love your podcast and YouTube channel. Thanks. My question relates to Required Minimum Distributions. Looking far ahead I will turn 72 in June of
“Hello, I am a vested former federal employee with the Naval Shipyard. I left federal employment in 2007 with 7+ years of service and am
“I am a widow of a retired service member and receive military survivor annuity and VA pension based on my husband’s service connected death. I
https://youtu.be/GZdmjDOuNlY “I am a 35-year USPS employee and am planning on retiring this year. I am 58. I have heard about the backlog of retirement
What is a Disability Retirement under FERS? Unlike the Immediate, Deferred, or Postponed Retirements, the Disability Retirement is a unique type of retirement only offered
As a Federal Employee, your High-3 average salary refers to the average of the highest three consecutive years of base pay earned. This is calculated
https://youtu.be/A-QWGEgHvqc Nealy asks a question that we see every now and then from federal employees: “Should you collect unemployment while you’re waiting on your Federal
https://youtu.be/uFdTV3a4-XA “Hi, I have a question regarding Roth TSP which I have not gotten a clear answer on. I will be 54 this year. I
I am aware that after I put in ten years’ federal civilian creditable service and then retire, my FERS annuity will be reduced monthly by
https://youtu.be/sTR9M-po3jghttps://vimeo.com/590901980 Hello, first off, I wanted to say I really enjoy your podcasts. I have really learned a lot from you both over the past
“I stumbled on your podcast and the information is GOLD – thank you! I am 45 and 15 years away from retirement. This year I
I am considering leaving federal civilian employment after 14 years, which includes 8.5 years of military service. I read that I can still draw the
“Hello, I am a retired 58 yr old federal employee that retired after 34 years of service. My wife and I are looking at buying
What is an Immediate Retirement under FERS? The Immediate Retirement under FERS is the main way of qualifying for the pension. Sometimes it’s referred to
What is a Postponed Retirement under FERS? A Postponed Retirement is another alternative option of federal retirement that is similar to the Deferred Retirement option. Both options
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
“Mr. Shilanski, Social Security Survivors Benefit question. I am under the FERS program and I plan to retire late this calendar year. I am 65
I worked for the federal govt for 11 years. I was born in 1960 January. I was 56 at the time of separation. Need to
At age 59 1/2, I would like to use a TSP one time withdrawal to pay off a mortgage then eventually transfer the balance to
Are you still allowed to contribute the maximum of $26,000 to the TSP even if you only work half of the year? Is there any
I am not sure this question is easy to answer but here goes. I retired in 2019 (LEO RET/Special Provisions) and immediately took a job
“Hi Micah and Tammy, I’m a Federal employee with 30 years in, and 5 years out from retirement. Can you explain how unused Sick and
I researched the cost of life insurance and purchased a 20 year fixed plan that costs less than half what FEGLI will for me starting
How to protect and prepare your loved ones for unexpected life events. Listen to the Full Episode: Enjoy the show? Use the Links Below to
Hello Tammy and Micah, Great podcast! Learning a lot. About 5 years away for earliest retirement date. Question: let’s pretend money is NOT an issue
“I am 59 and planning to retire a year from now. My wife will retire at the same time (but at age 61, not a
“Forgetting for the moment the part my personal $$ contributions were over the years….Will the IRS tax my FERS ‘Unreduced Monthly Annuity’ (UMA) or my
If my spouse retired from Federal Service under CSRS and waived the spousal benefits but I am under his FEHB insurance is there any way
“What happens to your sick leave if you are 63 years and have 28 years of federal service. Thanks for taking this question.” FERS Sick
“As a FERS retiree, am I required to sign up for Medicare at age 65; or can I opt out of Medicare Part B? Also,
What is a Creditable Service? Simply put, the Creditable Service is the amount of time a federal employee has worked for the federal government that
FERS Retirement Information The Federal Employee Retirement System (FERS) is one of the most comprehensive (and sometimes complicated!) retirement programs to navigate. Your benefits as
What is the Voluntary Contribution Program? The Voluntary Contribution Program was developed for employees who are part of the Civil Service Retirement System (CSRS). It
What is the difference between an Immediate Retirement and an Early Retirement? Let’s first define what an Immediate Retirement is, and what you need to
What is the Special Retirement Supplement? FERS consists of 3 different components: the FERS annuity (pension), Social Security, and the Thrift Savings Plan (TSP). The
What is my Minimum Retirement Age (MRA)? Your MRA is what FERS uses to determine when a person is eligible to receive their annuity, or
What is the Military Buyback Program? The Military Buyback Program is a program for veterans to retroactively “buy back” their time spent in the military
Where do I apply? You’ve finally decided it’s time to retire. Maybe this day came sooner than expected, or maybe it couldn’t come soon enough.
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
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
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
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
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
“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
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;
“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
https://youtu.be/9Msn-e86wL8 Social Security is one of the most talked about and misunderstood parts of retirement planning. For many federal employees nearing retirement, online discussions, headlines,
https://youtu.be/9rU64rw2cbU When you hear the word “bridge,” you probably picture the Golden Gate or Brooklyn Bridge, not your retirement income. For federal employees, though, a
https://youtu.be/aXGJ0TL-QC4 From Magazines To TikTok Financial “trends” are nothing new; only the platforms have changed. Decades ago, investors chased the latest ideas from glossy money
https://youtu.be/xIjeO–32Lc Most federal employees are surprised to learn that up to 85% of their Social Security benefits may be taxable in retirement. In this episode,
https://youtu.be/M_e4Sfc8vvk We’re all feeling the impact of inflation. Groceries, gas, utilities… everything costs more. Unfortunately, federal retirees may soon feel it even more directly. For
https://youtu.be/eMUJ7_5dMU0 Are Federal Employees Being Auto-Enrolled in Medicare Part D? If you’re enrolled in a Federal Employee Health Benefits (FEHB) plan that now offers Medicare
Real Question from a Federal Employee I am a widow and own an inherited TSP from my husband. Currently, I listed our Living Trust as
Federal Employment has perhaps never been more uncertain. The Cross Roads When we visit with Federal Employees, we usually run into two groups of people.
Feds are facing yet another extended furlough in 2025. A furlough is when an employer, in this case the federal government, places employees on an
Real Question from a Federal Employee As I approach retirement, what are the safest and best TSP investment and allocation strategies, any suggestions? – Andrew
Real Question from a Federal Employee What is the maximum amount of unused annual leave that I may be paid for when I retire? – Wayne
Real Question from a Federal Employee Hey, I am retired Air Force 22 years a combat injury related 100 % disabled veteran. I am working
Real Question from a Federal Employee Do I need Medicare Part B if I have FEHB? I find it hard to believe Medicare Part B
Real Question from a Federal Employee What age can I start collecting Social Security retirement benefits? What is my full retirement age, and how does
Real Question from a Federal Employee Hello, I have a question. I’m a few years out from retiremen, how can I be sure I’m financially
I have 2 years state retirement contributions, 10 years military (7 years federal 3 years guard). Can I combine state and federal retirement contributions? Do
Question about TSP matching Contributions.If I retire at the end of a month, which happens to be the middle of a pay period, do I
Can I suspend FEHB in retirement then start it again later if my new (private sector) employer offers health coverage benefits that I’d like to
I have 15 years of federal service and am 55 years old. I have only been in the FEHB for my most recent 3 years
https://youtu.be/AH8GKsjrlSQ The more confident you are that you won’t be scammed, the more vulnerable you are. Scammed, Phished, Hacked, or Conned… isn’t just for the
Is it possible to request a waiver to access the FERS Supplement two years early? My wife has 32/33 years but only turns 55 in
Thank you for your wonderful and helpful videos on postponed retirement. The one question I have remaining is – I understand that if I retire
First, I have listened to your podcast for year,s and it has been a wealth of information. Thank you. Now for my question…I am a
I’m 65 now, still working usps, when I retire in 1 to 2 years, I’m interested in keeping monthly health insurance down. Is it more
https://youtu.be/RGaefOcEvEw Every Investor should have their “Rules on Investing” in place for times of “market volatility and turmoil.” Times like this, I am often reminded
Yes, good morning. Jeff here, wondering about having a postponed retirement. When the paperwork needs to be filled out, if I want to start that
Good morning, my name is Alberto. I am a Mail Handler for the Postal Service with 40 years of service. Currently, I can carry over
https://youtu.be/VQ0Z9PhhxEQ How prepared are you if you no longer work for the Federal Government? Maybe you accepted the Trump Administration’s “deferred resignation” package; maybe your
My wife is a federal employee and will retire next year. She is going to be 50 years old. I am going to be 58
Need help with federal employee survival benefits. I looking for specific help with my wife’s survivor FERS and Death Benefits. My wife worked for the
Hi, my name is Eric. I am calling because I have a question about buying back my military time. I am retired from the from
Hello. My name is Joyce and I am trying to determine the best date to retire either december 31st or january 11th 2025 at the
I’m 60 years old with 36 years of service. I called the TSP help line and asked if I could roll over money from the
Hello, I just started federal employment this July. I served Active Duty in the Army for 9 years from 2009 to 2018. In 2018 I
Yes, my name is Bobby and I have a question on the life insurance coverage. I read here that it said that the basic life
“Yes, my name is Marty. I like to know about FERS, if there is a maximum amount of years that I can work and then
Yes, my name is Martha, and I tune into as many of your podcasts as I can, for your valuable information, I have a question
If you have a birth month of Jan ro April, and the year you obtain age 61, you exceed the earnings limit, how is that
FERS supplement annuity. I retired from SSA under the 25 years of service at any age in 2014. I was told I would be eligible
Hi. I have congressional experience and a break in service and I have just retired to the executive branch and I was wondering how the
I can retire in october 2019 with 30 years under first, I will be 56 and I mean 10 months old and I do not
I just saw you guide to military service credit buybacks. I didn’t see something in your guide that I think is very important: There is
Hello PYFR team! I love the podcast and appreciate it and all the resources you offer. My question is about taxes on the pay-out of
I read the $1,000.00 example that you write and 50% of 1K is 500.00 a month for my wife. That makes sense and I understand.
I’m planning to retire December 31, 2025; I will have 10 years and 8 months. When should I start the process? – Angelia https://youtu.be/oZS4cyl1JtM Planning
I am eligible to retire from fed service at 57 1/2. I will have 36 years of service. I plan on using my TSP to
I am 8 years from retirement and currently invested 100% in the C fund. When should I start moving money to the G fund and
If I retire age 59 under Postponed Retirement can I collect the SRS – Kenneth https://youtu.be/KAGt4Mu4OpM Federal workers have three main parts to their retirement: a
Hello, I appreciate your videos very much. I am active duty and retiring next year, intending on becoming a GS employee. Can you do one
How do I calculate my high three? I was a FERS employee from 1991-2000 then returned to FERS in 2022. I am 58 with a
I worked for the federal government from 1995 to 2000. I turn 62 in 2024. I spent my entire federal career at Nevada. I live
Hi! Love your podcasts and videos! I’m having a hard time figuring out my best dates and options for retiring soon. I’m trying to determine
Questions about social Security and COLA (cost of living adjustment) are among the most common. Let’s go through the basics with Floyd Shilanski, RCF, Managing
“In mid 2025, I will turn 62, therefore my FERS supplement will stop. I currently work PT not to exceed 2013 earnings limit. However, in
“Hello, Will OPM issue me a personal FERS Benefits Summary upon request (i.e., similar to the personalized benefit summary issued by Social Security) based on
“Can I take out a loan towards my FERS contributions? I’m a federal employee and no where close to retirement. Would it work like the
My husband was retired in May of 2020 at age 65 after 20 years of service with the FBI. We kept our health, vision and
”If I receive 26k in annual leave payout does that count against the earnings limit of my supplement? Also what about the money I made
”Hi, I’m 61 years old and my FERS supplement is ending soon. What should I do when that income goes away? And how am I
”I receive a FERS disability pension, with less than 10 years service. My minimum retirement age by year of birth is 57, but I only
I absolutely loved the episode on what you cannot do in the TSP. Naturally, it brought up other questions in my mind. Before I got
“should I delay my social security and let my wife draw it until my FRA? I planned on drawing at 62 anyways. I am retired navy and
“What happens to a surviving spouse if an employee dies while working, but that employee was also in the process of buying back military time?
“If I retire after age 62, and supplement my monthly FERS pension by making small withdrawals from my Traditional TSP (assume $2,000/ month), would IRS
“Love your podcast! I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of
“My husband and I both had careers with the National Park Service. He carried the family insurance for us. He retired in 2021 and did
“I am currently age 32 (a bit away from retirement) and I have been with USPS for 6.5 years now. It says you are fully
“I’m about 10 years out from retirement. I’m wanting to stop putting money into the traditional tsp and start a Roth. Is that doable?” –
“When determining creditable service for determining what my FERS annuity will be, can unused sick leave be used to get creditable service time from 20
“Micah, I have a question about the earnings test for FERS Supplement. I’m a title 38 physician, planning to retire with age 60 + 20
“Love your podcast! I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of
“I am turning 62 and I am drawing disability FERS. Can I draw social security and FERS together? And will my FERS change when I
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any
“I retired from PHMSA/USDOT January 2021 and I just received my first W2 form from the Department of Interior and It says that I paid
“Greetings, I think I have an understanding of FERS postponed retirement, but there is one point that I have been unable resolve. I am by
“August 2023 I will turn 62 and stop receiving the OPM Social security . After August for the remainder of 2023 will I still be
“Hello, I have 31k in my TSP. Is it possible to withdraw the total amount at one time? ” – Bill. https://youtu.be/ueICsrk2rtI Demystifying TSP Withdrawals
“Hello , I worked for 11 years as a federal employee until age 57, now I am 62 , can I still get fehb, ie
“When should I retire to take advantage of the planned big 2023 COLA increase? If I retire in December, will my pension benefits be increased
“I plan to retire at age 57 with an MRA + 10 option. I don’t plan on taking my FERS retirement out until later age
“I have been working in the federal system for 3 years and will retire within the next 5 years. I am 62. I have a
https://www.youtube.com/watch?v=2R_2ky5nZaM Does it make sense to buy back my military time now that I am a Federal Employee? If you have military time but do
“If I started in the NAF system in 1996 and then converted to GS in 2008 we were told it would count towards retirement. From
“My wife and I updated our wills two years ago, it states that all of our estate is to go to the survivor and if
“I am in the process of divorcing (prior to my federal retirement). I am considering agreeing to providing my soon to be ex-spouse partial survivor
“I’m just about 65 and make about 125K a year working for the federal government. I plan to retire in five years when I’m 70.
“Can I withdraw my FERS to use as a down payment for purchase of Real Estate?” – Tracey. https://www.youtube.com/watch?v=CPm4DDHl0-c&feature=youtu.be When Federal Employees use their retirement
“Planning on retiring at my MRA, is the FERS supplement subject to the social security earnings test? Thank you for your time!” – Craig. https://www.youtube.com/watch?v=87LW2zw_7Lg
“I retired as a FERS employee at age 56 with over 32 years of service. Upon retirement, I chose to withdraw $2000 per month from
“I retired from Federal service on Dec 31, 2020. My annual leave balance was paid out to me in a lump sum at the end
“Hi Tammy and Micah, Thanks for the information. I separated from the government at age 54 1/2 years and 20.5 years of service. I like
“Hi! I LOVE your podcasts! I am a Federal employee, have met my MRA and will meet my 30-years of service on Nov 2, 2021.
“How to plan which source to withdraw from and when (TSP, Roth, other investments) over the retirement years to supplement pensions and SS. Are tax
“I have a question related to something in one of your articles about FEHB and Medicare. The article stated: “As a full-time Federal employee, you
“Thank you very much for the great information. Question: Do I need to list my ex-spouse on my FERS retirement application if we were married
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any
“Is there a way, I can find out how much I will receive at retirement and when I can collect? I worked 24 years, but
“If my TSP beneficiary is currently my Trust, then upon my death, will that transfer be made by a one time full payment -20% for
“If I erroneously select an annuity from the TSP instead of a withdrawal from it, can I reverse that option? Thanks.” – Orlando. https://www.youtube.com/watch?v=8T69Yxmht-k Listen,
“I am a retired FERS federal employee (age 65). I just watched your episode about a “like kind direct transfer” of tsp funds to an
“Greetings, I am retired from the Army after 20 years as a Staff Sergeant. I am currently a GS 14 with 11 years under FERS.
“Hello Micah, I am so glad that I happened onto your website. I have read a lot of material and have watched a lot of
”I have gotten conflicting information about my lump sum annual leave. I plan on retiring on 12/31/21. I know that I will get my lump
“How do I know when it’s worth it to withdraw (refund) my FERS contribution when I leave the Fed workforce? if I have less than
“First off, great content on your site! A plethora of information for Federal employees that is extremely invaluable for retirement planning. Regarding the FERS Supplement
“I have about 1,300 hours of sick leave. What is the best advice on what to do with those hours as retirement nears for me?
“Hey! I love the podcast, and I’m hoping you might be able to tell me if my Lifecycle fund-based investment strategy overlooks any important factors.
“I love your podcast and YouTube channel. Thanks. My question relates to Required Minimum Distributions. Looking far ahead I will turn 72 in June of
“Hello, I am a vested former federal employee with the Naval Shipyard. I left federal employment in 2007 with 7+ years of service and am
“I am a widow of a retired service member and receive military survivor annuity and VA pension based on my husband’s service connected death. I
https://youtu.be/GZdmjDOuNlY “I am a 35-year USPS employee and am planning on retiring this year. I am 58. I have heard about the backlog of retirement
What is a Disability Retirement under FERS? Unlike the Immediate, Deferred, or Postponed Retirements, the Disability Retirement is a unique type of retirement only offered
As a Federal Employee, your High-3 average salary refers to the average of the highest three consecutive years of base pay earned. This is calculated
https://youtu.be/A-QWGEgHvqc Nealy asks a question that we see every now and then from federal employees: “Should you collect unemployment while you’re waiting on your Federal
https://youtu.be/uFdTV3a4-XA “Hi, I have a question regarding Roth TSP which I have not gotten a clear answer on. I will be 54 this year. I
I am aware that after I put in ten years’ federal civilian creditable service and then retire, my FERS annuity will be reduced monthly by
https://youtu.be/sTR9M-po3jghttps://vimeo.com/590901980 Hello, first off, I wanted to say I really enjoy your podcasts. I have really learned a lot from you both over the past
“I stumbled on your podcast and the information is GOLD – thank you! I am 45 and 15 years away from retirement. This year I
I am considering leaving federal civilian employment after 14 years, which includes 8.5 years of military service. I read that I can still draw the
“Hello, I am a retired 58 yr old federal employee that retired after 34 years of service. My wife and I are looking at buying
What is an Immediate Retirement under FERS? The Immediate Retirement under FERS is the main way of qualifying for the pension. Sometimes it’s referred to
What is a Postponed Retirement under FERS? A Postponed Retirement is another alternative option of federal retirement that is similar to the Deferred Retirement option. Both options
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
“Mr. Shilanski, Social Security Survivors Benefit question. I am under the FERS program and I plan to retire late this calendar year. I am 65
I worked for the federal govt for 11 years. I was born in 1960 January. I was 56 at the time of separation. Need to
At age 59 1/2, I would like to use a TSP one time withdrawal to pay off a mortgage then eventually transfer the balance to
Are you still allowed to contribute the maximum of $26,000 to the TSP even if you only work half of the year? Is there any
I am not sure this question is easy to answer but here goes. I retired in 2019 (LEO RET/Special Provisions) and immediately took a job
“Hi Micah and Tammy, I’m a Federal employee with 30 years in, and 5 years out from retirement. Can you explain how unused Sick and
I researched the cost of life insurance and purchased a 20 year fixed plan that costs less than half what FEGLI will for me starting
How to protect and prepare your loved ones for unexpected life events. Listen to the Full Episode: Enjoy the show? Use the Links Below to
Hello Tammy and Micah, Great podcast! Learning a lot. About 5 years away for earliest retirement date. Question: let’s pretend money is NOT an issue
“I am 59 and planning to retire a year from now. My wife will retire at the same time (but at age 61, not a
“Forgetting for the moment the part my personal $$ contributions were over the years….Will the IRS tax my FERS ‘Unreduced Monthly Annuity’ (UMA) or my
If my spouse retired from Federal Service under CSRS and waived the spousal benefits but I am under his FEHB insurance is there any way
“What happens to your sick leave if you are 63 years and have 28 years of federal service. Thanks for taking this question.” FERS Sick
“As a FERS retiree, am I required to sign up for Medicare at age 65; or can I opt out of Medicare Part B? Also,
What is a Creditable Service? Simply put, the Creditable Service is the amount of time a federal employee has worked for the federal government that
FERS Retirement Information The Federal Employee Retirement System (FERS) is one of the most comprehensive (and sometimes complicated!) retirement programs to navigate. Your benefits as
What is the Voluntary Contribution Program? The Voluntary Contribution Program was developed for employees who are part of the Civil Service Retirement System (CSRS). It
What is the difference between an Immediate Retirement and an Early Retirement? Let’s first define what an Immediate Retirement is, and what you need to
What is the Special Retirement Supplement? FERS consists of 3 different components: the FERS annuity (pension), Social Security, and the Thrift Savings Plan (TSP). The
What is my Minimum Retirement Age (MRA)? Your MRA is what FERS uses to determine when a person is eligible to receive their annuity, or
What is the Military Buyback Program? The Military Buyback Program is a program for veterans to retroactively “buy back” their time spent in the military
Where do I apply? You’ve finally decided it’s time to retire. Maybe this day came sooner than expected, or maybe it couldn’t come soon enough.
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
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
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
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
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
“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
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;
“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
https://youtu.be/9Msn-e86wL8 Social Security is one of the most talked about and misunderstood parts of retirement planning. For many federal employees nearing retirement, online discussions, headlines,
https://youtu.be/9rU64rw2cbU When you hear the word “bridge,” you probably picture the Golden Gate or Brooklyn Bridge, not your retirement income. For federal employees, though, a
https://youtu.be/aXGJ0TL-QC4 From Magazines To TikTok Financial “trends” are nothing new; only the platforms have changed. Decades ago, investors chased the latest ideas from glossy money
https://youtu.be/xIjeO–32Lc Most federal employees are surprised to learn that up to 85% of their Social Security benefits may be taxable in retirement. In this episode,
https://youtu.be/M_e4Sfc8vvk We’re all feeling the impact of inflation. Groceries, gas, utilities… everything costs more. Unfortunately, federal retirees may soon feel it even more directly. For
https://youtu.be/eMUJ7_5dMU0 Are Federal Employees Being Auto-Enrolled in Medicare Part D? If you’re enrolled in a Federal Employee Health Benefits (FEHB) plan that now offers Medicare
Real Question from a Federal Employee I am a widow and own an inherited TSP from my husband. Currently, I listed our Living Trust as
Federal Employment has perhaps never been more uncertain. The Cross Roads When we visit with Federal Employees, we usually run into two groups of people.
Feds are facing yet another extended furlough in 2025. A furlough is when an employer, in this case the federal government, places employees on an
Real Question from a Federal Employee As I approach retirement, what are the safest and best TSP investment and allocation strategies, any suggestions? – Andrew
Real Question from a Federal Employee What is the maximum amount of unused annual leave that I may be paid for when I retire? – Wayne
Real Question from a Federal Employee Hey, I am retired Air Force 22 years a combat injury related 100 % disabled veteran. I am working
Real Question from a Federal Employee Do I need Medicare Part B if I have FEHB? I find it hard to believe Medicare Part B
Real Question from a Federal Employee What age can I start collecting Social Security retirement benefits? What is my full retirement age, and how does
Real Question from a Federal Employee Hello, I have a question. I’m a few years out from retiremen, how can I be sure I’m financially
I have 2 years state retirement contributions, 10 years military (7 years federal 3 years guard). Can I combine state and federal retirement contributions? Do
Question about TSP matching Contributions.If I retire at the end of a month, which happens to be the middle of a pay period, do I
Can I suspend FEHB in retirement then start it again later if my new (private sector) employer offers health coverage benefits that I’d like to
I have 15 years of federal service and am 55 years old. I have only been in the FEHB for my most recent 3 years
https://youtu.be/AH8GKsjrlSQ The more confident you are that you won’t be scammed, the more vulnerable you are. Scammed, Phished, Hacked, or Conned… isn’t just for the
Is it possible to request a waiver to access the FERS Supplement two years early? My wife has 32/33 years but only turns 55 in
Thank you for your wonderful and helpful videos on postponed retirement. The one question I have remaining is – I understand that if I retire
First, I have listened to your podcast for year,s and it has been a wealth of information. Thank you. Now for my question…I am a
I’m 65 now, still working usps, when I retire in 1 to 2 years, I’m interested in keeping monthly health insurance down. Is it more
https://youtu.be/RGaefOcEvEw Every Investor should have their “Rules on Investing” in place for times of “market volatility and turmoil.” Times like this, I am often reminded
Yes, good morning. Jeff here, wondering about having a postponed retirement. When the paperwork needs to be filled out, if I want to start that
Good morning, my name is Alberto. I am a Mail Handler for the Postal Service with 40 years of service. Currently, I can carry over
https://youtu.be/VQ0Z9PhhxEQ How prepared are you if you no longer work for the Federal Government? Maybe you accepted the Trump Administration’s “deferred resignation” package; maybe your
My wife is a federal employee and will retire next year. She is going to be 50 years old. I am going to be 58
Need help with federal employee survival benefits. I looking for specific help with my wife’s survivor FERS and Death Benefits. My wife worked for the
Hi, my name is Eric. I am calling because I have a question about buying back my military time. I am retired from the from
Hello. My name is Joyce and I am trying to determine the best date to retire either december 31st or january 11th 2025 at the
I’m 60 years old with 36 years of service. I called the TSP help line and asked if I could roll over money from the
Hello, I just started federal employment this July. I served Active Duty in the Army for 9 years from 2009 to 2018. In 2018 I
Yes, my name is Bobby and I have a question on the life insurance coverage. I read here that it said that the basic life
“Yes, my name is Marty. I like to know about FERS, if there is a maximum amount of years that I can work and then
Yes, my name is Martha, and I tune into as many of your podcasts as I can, for your valuable information, I have a question
If you have a birth month of Jan ro April, and the year you obtain age 61, you exceed the earnings limit, how is that
FERS supplement annuity. I retired from SSA under the 25 years of service at any age in 2014. I was told I would be eligible
Hi. I have congressional experience and a break in service and I have just retired to the executive branch and I was wondering how the
I can retire in october 2019 with 30 years under first, I will be 56 and I mean 10 months old and I do not
I just saw you guide to military service credit buybacks. I didn’t see something in your guide that I think is very important: There is
Hello PYFR team! I love the podcast and appreciate it and all the resources you offer. My question is about taxes on the pay-out of
I read the $1,000.00 example that you write and 50% of 1K is 500.00 a month for my wife. That makes sense and I understand.
I’m planning to retire December 31, 2025; I will have 10 years and 8 months. When should I start the process? – Angelia https://youtu.be/oZS4cyl1JtM Planning
I am eligible to retire from fed service at 57 1/2. I will have 36 years of service. I plan on using my TSP to
I am 8 years from retirement and currently invested 100% in the C fund. When should I start moving money to the G fund and
If I retire age 59 under Postponed Retirement can I collect the SRS – Kenneth https://youtu.be/KAGt4Mu4OpM Federal workers have three main parts to their retirement: a
Hello, I appreciate your videos very much. I am active duty and retiring next year, intending on becoming a GS employee. Can you do one
How do I calculate my high three? I was a FERS employee from 1991-2000 then returned to FERS in 2022. I am 58 with a
I worked for the federal government from 1995 to 2000. I turn 62 in 2024. I spent my entire federal career at Nevada. I live
Hi! Love your podcasts and videos! I’m having a hard time figuring out my best dates and options for retiring soon. I’m trying to determine
Questions about social Security and COLA (cost of living adjustment) are among the most common. Let’s go through the basics with Floyd Shilanski, RCF, Managing
“In mid 2025, I will turn 62, therefore my FERS supplement will stop. I currently work PT not to exceed 2013 earnings limit. However, in
“Hello, Will OPM issue me a personal FERS Benefits Summary upon request (i.e., similar to the personalized benefit summary issued by Social Security) based on
“Can I take out a loan towards my FERS contributions? I’m a federal employee and no where close to retirement. Would it work like the
My husband was retired in May of 2020 at age 65 after 20 years of service with the FBI. We kept our health, vision and
”If I receive 26k in annual leave payout does that count against the earnings limit of my supplement? Also what about the money I made
”Hi, I’m 61 years old and my FERS supplement is ending soon. What should I do when that income goes away? And how am I
”I receive a FERS disability pension, with less than 10 years service. My minimum retirement age by year of birth is 57, but I only
I absolutely loved the episode on what you cannot do in the TSP. Naturally, it brought up other questions in my mind. Before I got
“should I delay my social security and let my wife draw it until my FRA? I planned on drawing at 62 anyways. I am retired navy and
“What happens to a surviving spouse if an employee dies while working, but that employee was also in the process of buying back military time?
“If I retire after age 62, and supplement my monthly FERS pension by making small withdrawals from my Traditional TSP (assume $2,000/ month), would IRS
“Love your podcast! I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of
“My husband and I both had careers with the National Park Service. He carried the family insurance for us. He retired in 2021 and did
“I am currently age 32 (a bit away from retirement) and I have been with USPS for 6.5 years now. It says you are fully
“I’m about 10 years out from retirement. I’m wanting to stop putting money into the traditional tsp and start a Roth. Is that doable?” –
“When determining creditable service for determining what my FERS annuity will be, can unused sick leave be used to get creditable service time from 20
“Micah, I have a question about the earnings test for FERS Supplement. I’m a title 38 physician, planning to retire with age 60 + 20
“Love your podcast! I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of
“I am turning 62 and I am drawing disability FERS. Can I draw social security and FERS together? And will my FERS change when I
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any
“I retired from PHMSA/USDOT January 2021 and I just received my first W2 form from the Department of Interior and It says that I paid
“Greetings, I think I have an understanding of FERS postponed retirement, but there is one point that I have been unable resolve. I am by
“August 2023 I will turn 62 and stop receiving the OPM Social security . After August for the remainder of 2023 will I still be
“Hello, I have 31k in my TSP. Is it possible to withdraw the total amount at one time? ” – Bill. https://youtu.be/ueICsrk2rtI Demystifying TSP Withdrawals
“Hello , I worked for 11 years as a federal employee until age 57, now I am 62 , can I still get fehb, ie
“When should I retire to take advantage of the planned big 2023 COLA increase? If I retire in December, will my pension benefits be increased
“I plan to retire at age 57 with an MRA + 10 option. I don’t plan on taking my FERS retirement out until later age
“I have been working in the federal system for 3 years and will retire within the next 5 years. I am 62. I have a
https://www.youtube.com/watch?v=2R_2ky5nZaM Does it make sense to buy back my military time now that I am a Federal Employee? If you have military time but do
“If I started in the NAF system in 1996 and then converted to GS in 2008 we were told it would count towards retirement. From
“My wife and I updated our wills two years ago, it states that all of our estate is to go to the survivor and if
“I am in the process of divorcing (prior to my federal retirement). I am considering agreeing to providing my soon to be ex-spouse partial survivor
“I’m just about 65 and make about 125K a year working for the federal government. I plan to retire in five years when I’m 70.
“Can I withdraw my FERS to use as a down payment for purchase of Real Estate?” – Tracey. https://www.youtube.com/watch?v=CPm4DDHl0-c&feature=youtu.be When Federal Employees use their retirement
“Planning on retiring at my MRA, is the FERS supplement subject to the social security earnings test? Thank you for your time!” – Craig. https://www.youtube.com/watch?v=87LW2zw_7Lg
“I retired as a FERS employee at age 56 with over 32 years of service. Upon retirement, I chose to withdraw $2000 per month from
“I retired from Federal service on Dec 31, 2020. My annual leave balance was paid out to me in a lump sum at the end
“Hi Tammy and Micah, Thanks for the information. I separated from the government at age 54 1/2 years and 20.5 years of service. I like
“Hi! I LOVE your podcasts! I am a Federal employee, have met my MRA and will meet my 30-years of service on Nov 2, 2021.
“How to plan which source to withdraw from and when (TSP, Roth, other investments) over the retirement years to supplement pensions and SS. Are tax
“I have a question related to something in one of your articles about FEHB and Medicare. The article stated: “As a full-time Federal employee, you
“Thank you very much for the great information. Question: Do I need to list my ex-spouse on my FERS retirement application if we were married
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any
“Is there a way, I can find out how much I will receive at retirement and when I can collect? I worked 24 years, but
“If my TSP beneficiary is currently my Trust, then upon my death, will that transfer be made by a one time full payment -20% for
“If I erroneously select an annuity from the TSP instead of a withdrawal from it, can I reverse that option? Thanks.” – Orlando. https://www.youtube.com/watch?v=8T69Yxmht-k Listen,
“I am a retired FERS federal employee (age 65). I just watched your episode about a “like kind direct transfer” of tsp funds to an
“Greetings, I am retired from the Army after 20 years as a Staff Sergeant. I am currently a GS 14 with 11 years under FERS.
“Hello Micah, I am so glad that I happened onto your website. I have read a lot of material and have watched a lot of
”I have gotten conflicting information about my lump sum annual leave. I plan on retiring on 12/31/21. I know that I will get my lump
“How do I know when it’s worth it to withdraw (refund) my FERS contribution when I leave the Fed workforce? if I have less than
“First off, great content on your site! A plethora of information for Federal employees that is extremely invaluable for retirement planning. Regarding the FERS Supplement
“I have about 1,300 hours of sick leave. What is the best advice on what to do with those hours as retirement nears for me?
“Hey! I love the podcast, and I’m hoping you might be able to tell me if my Lifecycle fund-based investment strategy overlooks any important factors.
“I love your podcast and YouTube channel. Thanks. My question relates to Required Minimum Distributions. Looking far ahead I will turn 72 in June of
“Hello, I am a vested former federal employee with the Naval Shipyard. I left federal employment in 2007 with 7+ years of service and am
“I am a widow of a retired service member and receive military survivor annuity and VA pension based on my husband’s service connected death. I
https://youtu.be/GZdmjDOuNlY “I am a 35-year USPS employee and am planning on retiring this year. I am 58. I have heard about the backlog of retirement
What is a Disability Retirement under FERS? Unlike the Immediate, Deferred, or Postponed Retirements, the Disability Retirement is a unique type of retirement only offered
As a Federal Employee, your High-3 average salary refers to the average of the highest three consecutive years of base pay earned. This is calculated
https://youtu.be/A-QWGEgHvqc Nealy asks a question that we see every now and then from federal employees: “Should you collect unemployment while you’re waiting on your Federal
https://youtu.be/uFdTV3a4-XA “Hi, I have a question regarding Roth TSP which I have not gotten a clear answer on. I will be 54 this year. I
I am aware that after I put in ten years’ federal civilian creditable service and then retire, my FERS annuity will be reduced monthly by
https://youtu.be/sTR9M-po3jghttps://vimeo.com/590901980 Hello, first off, I wanted to say I really enjoy your podcasts. I have really learned a lot from you both over the past
“I stumbled on your podcast and the information is GOLD – thank you! I am 45 and 15 years away from retirement. This year I
I am considering leaving federal civilian employment after 14 years, which includes 8.5 years of military service. I read that I can still draw the
“Hello, I am a retired 58 yr old federal employee that retired after 34 years of service. My wife and I are looking at buying
What is an Immediate Retirement under FERS? The Immediate Retirement under FERS is the main way of qualifying for the pension. Sometimes it’s referred to
What is a Postponed Retirement under FERS? A Postponed Retirement is another alternative option of federal retirement that is similar to the Deferred Retirement option. Both options
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
“Mr. Shilanski, Social Security Survivors Benefit question. I am under the FERS program and I plan to retire late this calendar year. I am 65
I worked for the federal govt for 11 years. I was born in 1960 January. I was 56 at the time of separation. Need to
At age 59 1/2, I would like to use a TSP one time withdrawal to pay off a mortgage then eventually transfer the balance to
Are you still allowed to contribute the maximum of $26,000 to the TSP even if you only work half of the year? Is there any
I am not sure this question is easy to answer but here goes. I retired in 2019 (LEO RET/Special Provisions) and immediately took a job
“Hi Micah and Tammy, I’m a Federal employee with 30 years in, and 5 years out from retirement. Can you explain how unused Sick and
I researched the cost of life insurance and purchased a 20 year fixed plan that costs less than half what FEGLI will for me starting
How to protect and prepare your loved ones for unexpected life events. Listen to the Full Episode: Enjoy the show? Use the Links Below to
Hello Tammy and Micah, Great podcast! Learning a lot. About 5 years away for earliest retirement date. Question: let’s pretend money is NOT an issue
“I am 59 and planning to retire a year from now. My wife will retire at the same time (but at age 61, not a
“Forgetting for the moment the part my personal $$ contributions were over the years….Will the IRS tax my FERS ‘Unreduced Monthly Annuity’ (UMA) or my
If my spouse retired from Federal Service under CSRS and waived the spousal benefits but I am under his FEHB insurance is there any way
“What happens to your sick leave if you are 63 years and have 28 years of federal service. Thanks for taking this question.” FERS Sick
“As a FERS retiree, am I required to sign up for Medicare at age 65; or can I opt out of Medicare Part B? Also,
What is a Creditable Service? Simply put, the Creditable Service is the amount of time a federal employee has worked for the federal government that
FERS Retirement Information The Federal Employee Retirement System (FERS) is one of the most comprehensive (and sometimes complicated!) retirement programs to navigate. Your benefits as
What is the Voluntary Contribution Program? The Voluntary Contribution Program was developed for employees who are part of the Civil Service Retirement System (CSRS). It
What is the difference between an Immediate Retirement and an Early Retirement? Let’s first define what an Immediate Retirement is, and what you need to
What is the Special Retirement Supplement? FERS consists of 3 different components: the FERS annuity (pension), Social Security, and the Thrift Savings Plan (TSP). The
What is my Minimum Retirement Age (MRA)? Your MRA is what FERS uses to determine when a person is eligible to receive their annuity, or
What is the Military Buyback Program? The Military Buyback Program is a program for veterans to retroactively “buy back” their time spent in the military
Where do I apply? You’ve finally decided it’s time to retire. Maybe this day came sooner than expected, or maybe it couldn’t come soon enough.
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
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
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
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
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
“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
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;
“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
https://youtu.be/9Msn-e86wL8 Social Security is one of the most talked about and misunderstood parts of retirement planning. For many federal employees nearing retirement, online discussions, headlines,
https://youtu.be/9rU64rw2cbU When you hear the word “bridge,” you probably picture the Golden Gate or Brooklyn Bridge, not your retirement income. For federal employees, though, a
https://youtu.be/aXGJ0TL-QC4 From Magazines To TikTok Financial “trends” are nothing new; only the platforms have changed. Decades ago, investors chased the latest ideas from glossy money
https://youtu.be/xIjeO–32Lc Most federal employees are surprised to learn that up to 85% of their Social Security benefits may be taxable in retirement. In this episode,
https://youtu.be/M_e4Sfc8vvk We’re all feeling the impact of inflation. Groceries, gas, utilities… everything costs more. Unfortunately, federal retirees may soon feel it even more directly. For
https://youtu.be/eMUJ7_5dMU0 Are Federal Employees Being Auto-Enrolled in Medicare Part D? If you’re enrolled in a Federal Employee Health Benefits (FEHB) plan that now offers Medicare
Real Question from a Federal Employee I am a widow and own an inherited TSP from my husband. Currently, I listed our Living Trust as
Federal Employment has perhaps never been more uncertain. The Cross Roads When we visit with Federal Employees, we usually run into two groups of people.
Feds are facing yet another extended furlough in 2025. A furlough is when an employer, in this case the federal government, places employees on an
Real Question from a Federal Employee As I approach retirement, what are the safest and best TSP investment and allocation strategies, any suggestions? – Andrew
Real Question from a Federal Employee What is the maximum amount of unused annual leave that I may be paid for when I retire? – Wayne
Real Question from a Federal Employee Hey, I am retired Air Force 22 years a combat injury related 100 % disabled veteran. I am working
Real Question from a Federal Employee Do I need Medicare Part B if I have FEHB? I find it hard to believe Medicare Part B
Real Question from a Federal Employee What age can I start collecting Social Security retirement benefits? What is my full retirement age, and how does
Real Question from a Federal Employee Hello, I have a question. I’m a few years out from retiremen, how can I be sure I’m financially
I have 2 years state retirement contributions, 10 years military (7 years federal 3 years guard). Can I combine state and federal retirement contributions? Do
Question about TSP matching Contributions.If I retire at the end of a month, which happens to be the middle of a pay period, do I
Can I suspend FEHB in retirement then start it again later if my new (private sector) employer offers health coverage benefits that I’d like to
I have 15 years of federal service and am 55 years old. I have only been in the FEHB for my most recent 3 years
https://youtu.be/AH8GKsjrlSQ The more confident you are that you won’t be scammed, the more vulnerable you are. Scammed, Phished, Hacked, or Conned… isn’t just for the
Is it possible to request a waiver to access the FERS Supplement two years early? My wife has 32/33 years but only turns 55 in
Thank you for your wonderful and helpful videos on postponed retirement. The one question I have remaining is – I understand that if I retire
First, I have listened to your podcast for year,s and it has been a wealth of information. Thank you. Now for my question…I am a
I’m 65 now, still working usps, when I retire in 1 to 2 years, I’m interested in keeping monthly health insurance down. Is it more
https://youtu.be/RGaefOcEvEw Every Investor should have their “Rules on Investing” in place for times of “market volatility and turmoil.” Times like this, I am often reminded
Yes, good morning. Jeff here, wondering about having a postponed retirement. When the paperwork needs to be filled out, if I want to start that
Good morning, my name is Alberto. I am a Mail Handler for the Postal Service with 40 years of service. Currently, I can carry over
https://youtu.be/VQ0Z9PhhxEQ How prepared are you if you no longer work for the Federal Government? Maybe you accepted the Trump Administration’s “deferred resignation” package; maybe your
My wife is a federal employee and will retire next year. She is going to be 50 years old. I am going to be 58
Need help with federal employee survival benefits. I looking for specific help with my wife’s survivor FERS and Death Benefits. My wife worked for the
Hi, my name is Eric. I am calling because I have a question about buying back my military time. I am retired from the from
Hello. My name is Joyce and I am trying to determine the best date to retire either december 31st or january 11th 2025 at the
I’m 60 years old with 36 years of service. I called the TSP help line and asked if I could roll over money from the
Hello, I just started federal employment this July. I served Active Duty in the Army for 9 years from 2009 to 2018. In 2018 I
Yes, my name is Bobby and I have a question on the life insurance coverage. I read here that it said that the basic life
“Yes, my name is Marty. I like to know about FERS, if there is a maximum amount of years that I can work and then
Yes, my name is Martha, and I tune into as many of your podcasts as I can, for your valuable information, I have a question
If you have a birth month of Jan ro April, and the year you obtain age 61, you exceed the earnings limit, how is that
FERS supplement annuity. I retired from SSA under the 25 years of service at any age in 2014. I was told I would be eligible
Hi. I have congressional experience and a break in service and I have just retired to the executive branch and I was wondering how the
I can retire in october 2019 with 30 years under first, I will be 56 and I mean 10 months old and I do not
I just saw you guide to military service credit buybacks. I didn’t see something in your guide that I think is very important: There is
Hello PYFR team! I love the podcast and appreciate it and all the resources you offer. My question is about taxes on the pay-out of
I read the $1,000.00 example that you write and 50% of 1K is 500.00 a month for my wife. That makes sense and I understand.
I’m planning to retire December 31, 2025; I will have 10 years and 8 months. When should I start the process? – Angelia https://youtu.be/oZS4cyl1JtM Planning
I am eligible to retire from fed service at 57 1/2. I will have 36 years of service. I plan on using my TSP to
I am 8 years from retirement and currently invested 100% in the C fund. When should I start moving money to the G fund and
If I retire age 59 under Postponed Retirement can I collect the SRS – Kenneth https://youtu.be/KAGt4Mu4OpM Federal workers have three main parts to their retirement: a
Hello, I appreciate your videos very much. I am active duty and retiring next year, intending on becoming a GS employee. Can you do one
How do I calculate my high three? I was a FERS employee from 1991-2000 then returned to FERS in 2022. I am 58 with a
I worked for the federal government from 1995 to 2000. I turn 62 in 2024. I spent my entire federal career at Nevada. I live
Hi! Love your podcasts and videos! I’m having a hard time figuring out my best dates and options for retiring soon. I’m trying to determine
Questions about social Security and COLA (cost of living adjustment) are among the most common. Let’s go through the basics with Floyd Shilanski, RCF, Managing
“In mid 2025, I will turn 62, therefore my FERS supplement will stop. I currently work PT not to exceed 2013 earnings limit. However, in
“Hello, Will OPM issue me a personal FERS Benefits Summary upon request (i.e., similar to the personalized benefit summary issued by Social Security) based on
“Can I take out a loan towards my FERS contributions? I’m a federal employee and no where close to retirement. Would it work like the
My husband was retired in May of 2020 at age 65 after 20 years of service with the FBI. We kept our health, vision and
”If I receive 26k in annual leave payout does that count against the earnings limit of my supplement? Also what about the money I made
”Hi, I’m 61 years old and my FERS supplement is ending soon. What should I do when that income goes away? And how am I
”I receive a FERS disability pension, with less than 10 years service. My minimum retirement age by year of birth is 57, but I only
I absolutely loved the episode on what you cannot do in the TSP. Naturally, it brought up other questions in my mind. Before I got
“should I delay my social security and let my wife draw it until my FRA? I planned on drawing at 62 anyways. I am retired navy and
“What happens to a surviving spouse if an employee dies while working, but that employee was also in the process of buying back military time?
“If I retire after age 62, and supplement my monthly FERS pension by making small withdrawals from my Traditional TSP (assume $2,000/ month), would IRS
“Love your podcast! I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of
“My husband and I both had careers with the National Park Service. He carried the family insurance for us. He retired in 2021 and did
“I am currently age 32 (a bit away from retirement) and I have been with USPS for 6.5 years now. It says you are fully
“I’m about 10 years out from retirement. I’m wanting to stop putting money into the traditional tsp and start a Roth. Is that doable?” –
“When determining creditable service for determining what my FERS annuity will be, can unused sick leave be used to get creditable service time from 20
“Micah, I have a question about the earnings test for FERS Supplement. I’m a title 38 physician, planning to retire with age 60 + 20
“Love your podcast! I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of
“I am turning 62 and I am drawing disability FERS. Can I draw social security and FERS together? And will my FERS change when I
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any
“I retired from PHMSA/USDOT January 2021 and I just received my first W2 form from the Department of Interior and It says that I paid
“Greetings, I think I have an understanding of FERS postponed retirement, but there is one point that I have been unable resolve. I am by
“August 2023 I will turn 62 and stop receiving the OPM Social security . After August for the remainder of 2023 will I still be
“Hello, I have 31k in my TSP. Is it possible to withdraw the total amount at one time? ” – Bill. https://youtu.be/ueICsrk2rtI Demystifying TSP Withdrawals
“Hello , I worked for 11 years as a federal employee until age 57, now I am 62 , can I still get fehb, ie
“When should I retire to take advantage of the planned big 2023 COLA increase? If I retire in December, will my pension benefits be increased
“I plan to retire at age 57 with an MRA + 10 option. I don’t plan on taking my FERS retirement out until later age
“I have been working in the federal system for 3 years and will retire within the next 5 years. I am 62. I have a
https://www.youtube.com/watch?v=2R_2ky5nZaM Does it make sense to buy back my military time now that I am a Federal Employee? If you have military time but do
“If I started in the NAF system in 1996 and then converted to GS in 2008 we were told it would count towards retirement. From
“My wife and I updated our wills two years ago, it states that all of our estate is to go to the survivor and if
“I am in the process of divorcing (prior to my federal retirement). I am considering agreeing to providing my soon to be ex-spouse partial survivor
“I’m just about 65 and make about 125K a year working for the federal government. I plan to retire in five years when I’m 70.
“Can I withdraw my FERS to use as a down payment for purchase of Real Estate?” – Tracey. https://www.youtube.com/watch?v=CPm4DDHl0-c&feature=youtu.be When Federal Employees use their retirement
“Planning on retiring at my MRA, is the FERS supplement subject to the social security earnings test? Thank you for your time!” – Craig. https://www.youtube.com/watch?v=87LW2zw_7Lg
“I retired as a FERS employee at age 56 with over 32 years of service. Upon retirement, I chose to withdraw $2000 per month from
“I retired from Federal service on Dec 31, 2020. My annual leave balance was paid out to me in a lump sum at the end
“Hi Tammy and Micah, Thanks for the information. I separated from the government at age 54 1/2 years and 20.5 years of service. I like
“Hi! I LOVE your podcasts! I am a Federal employee, have met my MRA and will meet my 30-years of service on Nov 2, 2021.
“How to plan which source to withdraw from and when (TSP, Roth, other investments) over the retirement years to supplement pensions and SS. Are tax
“I have a question related to something in one of your articles about FEHB and Medicare. The article stated: “As a full-time Federal employee, you
“Thank you very much for the great information. Question: Do I need to list my ex-spouse on my FERS retirement application if we were married
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any
“Is there a way, I can find out how much I will receive at retirement and when I can collect? I worked 24 years, but
“If my TSP beneficiary is currently my Trust, then upon my death, will that transfer be made by a one time full payment -20% for
“If I erroneously select an annuity from the TSP instead of a withdrawal from it, can I reverse that option? Thanks.” – Orlando. https://www.youtube.com/watch?v=8T69Yxmht-k Listen,
“I am a retired FERS federal employee (age 65). I just watched your episode about a “like kind direct transfer” of tsp funds to an
“Greetings, I am retired from the Army after 20 years as a Staff Sergeant. I am currently a GS 14 with 11 years under FERS.
“Hello Micah, I am so glad that I happened onto your website. I have read a lot of material and have watched a lot of
”I have gotten conflicting information about my lump sum annual leave. I plan on retiring on 12/31/21. I know that I will get my lump
“How do I know when it’s worth it to withdraw (refund) my FERS contribution when I leave the Fed workforce? if I have less than
“First off, great content on your site! A plethora of information for Federal employees that is extremely invaluable for retirement planning. Regarding the FERS Supplement
“I have about 1,300 hours of sick leave. What is the best advice on what to do with those hours as retirement nears for me?
“Hey! I love the podcast, and I’m hoping you might be able to tell me if my Lifecycle fund-based investment strategy overlooks any important factors.
“I love your podcast and YouTube channel. Thanks. My question relates to Required Minimum Distributions. Looking far ahead I will turn 72 in June of
“Hello, I am a vested former federal employee with the Naval Shipyard. I left federal employment in 2007 with 7+ years of service and am
“I am a widow of a retired service member and receive military survivor annuity and VA pension based on my husband’s service connected death. I
https://youtu.be/GZdmjDOuNlY “I am a 35-year USPS employee and am planning on retiring this year. I am 58. I have heard about the backlog of retirement
What is a Disability Retirement under FERS? Unlike the Immediate, Deferred, or Postponed Retirements, the Disability Retirement is a unique type of retirement only offered
As a Federal Employee, your High-3 average salary refers to the average of the highest three consecutive years of base pay earned. This is calculated
https://youtu.be/A-QWGEgHvqc Nealy asks a question that we see every now and then from federal employees: “Should you collect unemployment while you’re waiting on your Federal
https://youtu.be/uFdTV3a4-XA “Hi, I have a question regarding Roth TSP which I have not gotten a clear answer on. I will be 54 this year. I
I am aware that after I put in ten years’ federal civilian creditable service and then retire, my FERS annuity will be reduced monthly by
https://youtu.be/sTR9M-po3jghttps://vimeo.com/590901980 Hello, first off, I wanted to say I really enjoy your podcasts. I have really learned a lot from you both over the past
“I stumbled on your podcast and the information is GOLD – thank you! I am 45 and 15 years away from retirement. This year I
I am considering leaving federal civilian employment after 14 years, which includes 8.5 years of military service. I read that I can still draw the
“Hello, I am a retired 58 yr old federal employee that retired after 34 years of service. My wife and I are looking at buying
What is an Immediate Retirement under FERS? The Immediate Retirement under FERS is the main way of qualifying for the pension. Sometimes it’s referred to
What is a Postponed Retirement under FERS? A Postponed Retirement is another alternative option of federal retirement that is similar to the Deferred Retirement option. Both options
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
“Mr. Shilanski, Social Security Survivors Benefit question. I am under the FERS program and I plan to retire late this calendar year. I am 65
I worked for the federal govt for 11 years. I was born in 1960 January. I was 56 at the time of separation. Need to
At age 59 1/2, I would like to use a TSP one time withdrawal to pay off a mortgage then eventually transfer the balance to
Are you still allowed to contribute the maximum of $26,000 to the TSP even if you only work half of the year? Is there any
I am not sure this question is easy to answer but here goes. I retired in 2019 (LEO RET/Special Provisions) and immediately took a job
“Hi Micah and Tammy, I’m a Federal employee with 30 years in, and 5 years out from retirement. Can you explain how unused Sick and
I researched the cost of life insurance and purchased a 20 year fixed plan that costs less than half what FEGLI will for me starting
How to protect and prepare your loved ones for unexpected life events. Listen to the Full Episode: Enjoy the show? Use the Links Below to
Hello Tammy and Micah, Great podcast! Learning a lot. About 5 years away for earliest retirement date. Question: let’s pretend money is NOT an issue
“I am 59 and planning to retire a year from now. My wife will retire at the same time (but at age 61, not a
“Forgetting for the moment the part my personal $$ contributions were over the years….Will the IRS tax my FERS ‘Unreduced Monthly Annuity’ (UMA) or my
If my spouse retired from Federal Service under CSRS and waived the spousal benefits but I am under his FEHB insurance is there any way
“What happens to your sick leave if you are 63 years and have 28 years of federal service. Thanks for taking this question.” FERS Sick
“As a FERS retiree, am I required to sign up for Medicare at age 65; or can I opt out of Medicare Part B? Also,
What is a Creditable Service? Simply put, the Creditable Service is the amount of time a federal employee has worked for the federal government that
FERS Retirement Information The Federal Employee Retirement System (FERS) is one of the most comprehensive (and sometimes complicated!) retirement programs to navigate. Your benefits as
What is the Voluntary Contribution Program? The Voluntary Contribution Program was developed for employees who are part of the Civil Service Retirement System (CSRS). It
What is the difference between an Immediate Retirement and an Early Retirement? Let’s first define what an Immediate Retirement is, and what you need to
What is the Special Retirement Supplement? FERS consists of 3 different components: the FERS annuity (pension), Social Security, and the Thrift Savings Plan (TSP). The
What is my Minimum Retirement Age (MRA)? Your MRA is what FERS uses to determine when a person is eligible to receive their annuity, or
What is the Military Buyback Program? The Military Buyback Program is a program for veterans to retroactively “buy back” their time spent in the military
Where do I apply? You’ve finally decided it’s time to retire. Maybe this day came sooner than expected, or maybe it couldn’t come soon enough.
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
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
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
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
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
“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
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;
“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