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Federal Employee Articles

Evaluating Your Healthcare Options in Retirement
June 17, 2019

As financial planners, we spend a lot of time talking about the three tiers of your Federal Employee Retirement System. Social Security benefits, your annuity payments, and withdrawals from your Thrift Savings Plan will provide three streams of income in retirement. But considering the average couple will spend about $275,000…

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Estate Planning for Federal Employees
June 9, 2019

When you first became a federal employee, you filled out a number of forms related to your benefits. You might have established a contribution schedule for your Thrift Savings Plan, opted for Federal Employees Group Life Insurance, and made other decisions related to your benefits. Another big decision revolved around…

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Six Common Mistakes to Avoid in Retirement
June 3, 2019

When we talk to clients about retirement planning, we find that they tend to focus on savings. Naturally, everyone is going to do that, and for good reason. They need to feel assured that withdrawals from their Thrift Savings Plans, along with annuity payments and Social Security benefits, will adequately…

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Income Taxes in Retirement: Part Two
May 27, 2019

Last week, we talked about income taxes in retirement. Unfortunately, some things never change! So you most likely still pay some taxes after you retire, although your tax bracket and/or the amount you pay might change somewhat. We already focused on how your pension is likely to be taxed, so…

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Income Taxes in Retirement: Part One
May 20, 2019

When you retire, you will say goodbye to your daily commute, your desk, your alarm clock, and perhaps a few more aspects of your current life. If you’re like most people, you might not miss these things very much! But there is one thing many of us won’t say goodbye…

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What Does a Later Retirement Mean for Federal Employees?
May 13, 2019

We often talk about the perks of federal employee retirement, with one of the major benefits being the possibility of an earlier (than usual) retirement. At least compared with the private sector, federal employees stand a greater chance of retiring before their “full retirement age” according to Social Security (defined…

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Some Experts Predict a Recession in 2020
May 6, 2019

After several years of economic recovery and moving in a positive direction, will the old rule of “what goes up must come down” prove to be true? Nothing is certain at this time, but some experts are predicting a recession that begins in the next year. A survey by Duke…

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Examining the Federal Long Term Care Program
April 22, 2019

You’re eyeing retirement, knowing you enjoy one of the most comprehensive retirement packages around. But are you aware of some the other benefits offered to federal workers? Many other programs are less “advertised”, but valuable in their own right. Taking a moment to consider them is worth your time, particularly…

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Simplifying Your Retirement Plan
April 15, 2019

According to the principles of behavioral finance, there is one standout reason behind the difficulties involved in retirement planning: For most of us, it is very hard to picture ourselves in the distant future. It’s easy to think about this summer or even next year, and to make plans for…

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What to Do About FEHB in Retirement
April 8, 2019

From your three-tiered retirement system to your Federal Employee Health Benefits (FEHB), you’re lucky to enjoy one of the most comprehensive benefits systems in the country. And, unlike many private sector workers, you can actually take your FEHB with you when you retire. So, why do many federal employees decide…

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