As of January 1, 2024, participants in the Federal Long-Term Care Insurance Program (FLTCIP) are facing another round of premium increases, adding …
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Contemplating worst-case scenarios may not be pleasant, but it is an essential step when planning for retirement. Before entering this significant phase …
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When strategizing for federal retirement, it’s crucial to acknowledge that it extends beyond mere financial preparation. Preparing for the emotional and psychological …
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Retirement
The Unseen Impact of Healthcare Costs on Retirement Planning
by fedadvantageby fedadvantageAmidst the meticulous planning for retirement, one critical factor often overlooked is the escalating expenses associated with healthcare. Termed as healthcare inflation, …
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Ensuring financial security for your surviving spouse post-retirement is a vital aspect of FERS retirement planning. Here’s a comprehensive overview to assist …
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News
2024 Update: The Maximum Taxable Earnings Cap For Social Security Has Increased
by fedadvantageby fedadvantageWhen strategizing your FERS retirement, grasping the implications of the Social Security Maximum Taxable Earnings Cap is paramount, both during your career …
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Benefits
Maximizing Your FERS Pension: Insights into Deductions in Retirement
by fedadvantageby fedadvantageEntering retirement as a federal employee often brings surprises regarding the deductions from your monthly FERS annuity (pension). To ensure your retirement …
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Many federal employees find the prospect of a Thrift Savings Plan (TSP) loan appealing for various reasons, particularly given the current trend …
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Retirement
Assessing Your Retirement Readiness: Insights from the FRTIB Survey
by fedadvantageby fedadvantageA survey conducted by the Federal Retirement Thrift Investment Board (FRTIB) unveiled intriguing perspectives among participants in the Thrift Savings Plan (TSP) …
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In its 2023 annual report, Social Security revealed that without governmental intervention, the program’s surplus will be depleted by 2035. While some …