If you have questions about your retirement from Federal Service, we can help!
Our FERS Federal Fact Check for Federal Employees who work with the Department of Interior and respective bureaus like NPS, USFWS, NOAA, IHS, BIA, and USGS helps shed light on complex, tough questions that Federal Employees have.
We gather real questions from real Feds who are seeking answers as to how their benefits work.
Questions that often times they have exhausted themselves trying to get answers to from their Human Resource (HR) department and have been unable to.
Twice a month we send out our eZine called, “FERS Federal Fact Check”.
Questions are submitted from REAL Federal Employees and the content is packed with rich, informative information that applies to Federal Employees.
Questions are answered by Financial Advisors who specialize in Federal Employee Benefits.
That is why we have been able to help answer questions from Feds like,
“If one of my priorities is to provide for my spouse after I’m gone and my strategy is to leave my TSP untouched and “will” it to her is that going into the OI bucket of would she get it all. I ask because I’m about a decade older and have a pretty good ROTH IRA that will carry me all the way to 70 where I can start drawing max SS payments. I’ve really enjoyed all your videos and share with many friends, I’m hoping you can answer this question.”
– Mike
“Do I need Medicare Part B if I already have FEHB?”
-Olivia
“Your TSP is an asset that can be given to future generations and your Social Security is not. As the “condition” of Social Security worsens, why is not a good idea to conserve your “willable” asset and start taking your Social Security at age 62? Thanks for all your interest in the Federal Retirees. “
-Jeff
“I plan to retire in the next few months from my agency and take my health insurance with me. I am debating signing up for Medicare Part B, I have Medicare Part A now when I do my understanding is that I can just take my Blue Cross Blue Shield into retirement and pay those co-pays as I do now. Or, I could pay the Medicare Part B premium out of my social security that I am already getting and Medicare becomes primary and BCBS becomes secondary and there should be virtually no out of pocket costs.”
Whenever we host a Federal Employee Benefits Class we jokingly ask, “Who loves their job” and the room shoots up with hands.
Next, we ask, “Who would do their job for free if they could?”
Then we wait…
Some hands go down but we know whose hands are going to be staying up, unwavering.
The hands that remain in the air are most frequently from those that work in NPS, USFWS, NOAA, and USGS. These Feds love their jobs!
They are passionate about their commitment to the community and even after decades of Federal Service they are really pleased with their career paths.
But there is a reason that they are going through a retirement class.
No matter how much you love your job you may be at the point in your life where it is time to plan your retirement from Federal Service.
If you are under FERS you do not want to miss the opportunity to receive our FERS Federal Fact Check ezine.
If you were employed with the Department of the Interior (DOI) before January 1, 1987, you may under the Civil Service Retirement System (CSRS), be a CSRS-offset or have elected at that time to change to the Federal Employee Retirement System (FERS).
As a Department of Interior employee, you can determine which retirement system that you are in by following the guide below:
If you joined Federal Service after January 1, 1987, you were enrolled in the Federal Employee Retirement System known as “FERS”.
Under the FERS, your retirement is a three-legged stool that consists of your FERS Retirement Pension Income, your Social Security income and your retirement savings like your Thrift Savings Plan.
We can’t wait to send you the FERS Federal Fact Check e-Zine.!
“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 taxes? If so would it
“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 podcasts. Because of your solid,
”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 sum A/L payment a few
“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 10 years but meet the
Get the most out of your federal retirement benefits by taking advantage of the FERS resources created by Micah Shilanski, CFP®, and the team of independent financial advisors at Shilanski & Associates, Inc. Join the thousands of federal employees who trust us to guide them in their retirement planning journey because of our unique perspective of how your FERS benefits contribute to your comprehensive financial plan.
Year after year I see Federal Employees missing the same critical concepts in their federal retirement planning. That’s why I’ve created an online workshop to help educate Federal Employees on these critical concepts.
If you are a Financial Advisor looking to work with Federal Employees,
we are always looking for Advisors that want to deliver massive value to clients.
Advisory services offered through Shilanski & Associates, Inc., an Investment Adviser doing business as “Plan Your Federal Retirement”. Plan Your Federal Retirement is not employed by the United States Federal Government and does not represent the United States Federal Government. All content on this site if for information purposes only. This website is not personalized investment advice. Securities investing involves risks, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful. Please review our Customer Relationship Summary (Form ADV Part 3) for important information about our services and fees.
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