Monthly Annuities Your pension, also called a monthly annuity, is the fundamental basis for your overall retirement income. Most federal employees fall under either the Federal Employee Retirement System (FERS) or the Civil Service Retirement System (CSRS). The...
We all look forward to our retirement, but as we approach our last day of work anxiety kicks in. Can I afford to retire? How much money will I receive while retired? What paperwork do I need to fill out? Who can help me? Is there anyone who can do it all? United...
Are you taking advantage of Thrift Savings Plan matching? For FERS employees, the matching inside the Thrift Savings Plan is the greatest advantage you have when building your balance. The agency will match a portion of your TSP contributions with the percentage...
Although the ROTH option has been available in the Thrift Savings Plan since 2012, I’ve found that most federal employees do not understand how it differs from Traditional TSP and if it could be a part of their retirement plan. In today’s article, we’ll look...
There are many factors related to retiring from federal service, and it is never too early to start planning. But where do you begin? 1. When Can I Retire? Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1,...
Who Will Inherit Your Legacy? Having a will or trust does not guarantee that your beneficiaries will inherit what you have intended for them. That is because your beneficiary designations on certain types of financial assets—including life insurance,...
