Divorce is generally not a fun topic, but when you are considering retirement, it is a necessary discussion to have. For many people, the terms...Read More
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 for retirement due to FERS Pension, SSA, TSP, Investments but will need FEHB. For estate planning, do you have any thoughts on getting full spousal annuity 50% knowing that this is not transferrable to trust/children OR 25% spousal annuity and where would you recommend to invest which could be used for spouse or go into trust for family. Both sides of family live into 80s and we are in our early 50s currently. Interested in your advice or how to best decide. Cordially, Gene
You may have sufficient retirement income while you and your spouse are both living. Consider federal retirement benefits under FERS (or CSRS), other retirement benefits that may be payable (i.e. military retirement, private sector pension or state or local pension benefit), Social Security benefits (earned and/or spousal benefits), and retirement savings in the TSP, IRAs or other retirement savings program. Have you figured out how this will change when one spouse passes away? The surviving spouse will receive a widow’s benefit or their own earned benefit, whichever is higher. In addition, retirement savings may be depleted depending on factors related to retirement spending and the ability for the account to continue to grow during retirement. If there is no survivor election under FERS, the surviving spouse can lose another valuable source of income and with no survivor benefit, they can also lose coverage under FEHB.
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 making $80000+ for the next
“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 Annual leave are handled at
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 next year. I am 54
“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 federal employee). We are planning
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.
7 CLASSIC RETIREMENT MISTAKES Federal Employees Make