FERS Retirement Questions? Videos with Answers!
Do you have FERS Retirement Questions? You’re not alone. Federal retirement benefits are complex. Micah Shilanski, CFP®, is a financial planner who specializes in helping Federal Employees get the most out of their benefits. Micah has seen the mistakes people (and even some professionals!) make – and he wants to help you avoid them. Over […]
Using TSP to Pay Off Your Mortgage
FERS Federal Fact Check! We love answering questions from Federal Employees about their benefits. Our passion for financial planning with Federal Employees has provided us with a unique insight into questions that are often times top of mind for Federal Employees. When Federal Employees ask us questions we take note of them. Often, we find […]
Understanding Your FERS Retirement
When we talk about your FERS Retirement, we’re really talking about several different benefits. FERS (Federal Employees Retirement System) has three main components: Basic FERS Retirement Pension Social Security Thrift Savings Plan (TSP) Your FERS pension and Social Security will be fixed dollar amounts. But the money you get from your TSP will depend on […]
Federal Retirement Pension Reductions
When planning your federal retirement – it’s important to remember that your pension will be reduced. There are seven main pension reductions that affect federal employees in retirement. Most federal employees will be affected by at least three reductions. Let’s take a closer look at the most common reductions to your federal pension… Reduction #1) […]
FERS Retirement Eligibility
“When Am I Eligible to Retire?” There are many different sets of rules for FERS retirement eligibility. Many federal employees start planning their retirement by calculating their pension. But before you try to calculate your FERS pension – the first question to ask yourself is “Am I eligible to retire?” What age? …And how much […]
Your FERS MRA (Minimum Retirement Age)
You need to know your FERS MRA to find out if you are eligible for different types of FERS retirement. Your Minimum Retirement Age will range between 55 and 57, depending on the year you were born. Take a look at the list below to find your MRA for FERS Retirement… Choose the year you were […]
FERS Immediate Retirement
Sometimes this is simply called regular FERS Retirement or Voluntary Retirement. FERS Immediate Retirement is the most common type of retirement under the Federal Employee Retirement System (FERS). You are eligible for an immediate voluntary FERS Retirement if you have the right combination of age and years of creditable service. There are three combinations of […]
FERS Retirement 62 and 20 Bonus
FERS Retirement with 10% Bonus: Higher Pension for Age 62 & 20 Years Some people who qualify for regular FERS retirement will also qualify for a special 10% bonus. If you retire with at age 62 (or older) and with at least 20 years of creditable service – your pension gets a 10% bonus. Your […]
FERS Supplement
Special Benefit for Some FERS Who Retire Before Age 62 Have you heard about the FERS Supplement? It’s an important benefit for FERS planning to retire before age 62 – but it’s so unknown, it’s practically a secret. The FERS Supplement is also called the Special Retirement Supplement or SRS. It is designed to help bridge […]
FERS Supplement for Special Provisions
Understanding the FERS Supplement for Special Provisions The FERS Supplement is an important benefit for FERS planning to retire before age 62. Since so many Special Provisions (ATC, LEO and FF) federal employees retire before age 62, it’s important to understand who gets the Supplement and how it is calculated. The Supplement also has a […]
FERS Early Retirement: MRA+10
There are two main types of FERS Early Retirement. One is MRA+10 Retirement – which we’ll be discussing here. Another type of Early FERS Retirement is when your agency is going through a RIF – and they offer employees a chance to take an Early Out. On this page, we’ll be talking about MRA+10 Retirement. […]
FERS Early Out Retirement
There are two main types of FERS Early Retirement. One is MRA+10 Retirement which is available to anyone who is eligible. The other type of Early FERS Retirement is when your agency is going through a RIF – and they offer employees a chance to take an Early Out. On this page, we’ll be talking […]
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