Benchmark Financial Group, LLC Blog

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3 Important Facts About Your FERS Annuity
October 15, 2018

The Federal Employees Retirement System (FERS) is one of the most comprehensive retirement benefits packages in the country. But with “comprehensive” system, comes “complex” rules and procedures. The FERS system can be confusing to most people, particularly the annuity part. These three facts tend to be misunderstood… Your COLA probably…

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Federal Benefits Open Season is Approaching
October 8, 2018

Each fall, Open Season for federal benefits allows employees to enroll, make changes, or cancel their enrollment in various benefits programs, including: Federal Employees Health Benefits (FEHB) Federal Employees Dental and Vision Insurance Program (FEDVIP) Federal Flexible Spending Account Program (FSAFEDS) The Federal Employees Group Life Insurance (FEGLI) program, and…

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Social Security Beneficiaries Likely to Receive a “Raise” Next Year
October 4, 2018

For retirees, one of their biggest challenges is keeping their budgets in line with inflation. We have various methods of helping with that, but increases to Social Security payments over time can help ease the strain a bit. It’s called the “cost of living adjustment”, or COLA for short. While…

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How to Make the Most of Your Retirement Income
September 24, 2018

When you retire, you will have the opportunity to pull income from three different sources: Your annuity, your Social Security benefits, and your Thrift Savings Plan (if you chose to contribute to it). This three-tiered system might contribute to greater stability, but of course nothing is guaranteed. Thorough planning is…

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