With just a decade left before your Federal Employee Retirement System (FERS) retirement, it might seem like you have plenty of time …
Retirement
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Retirement
$1 Million In Retirement Savings May Not Be Enough If You Retire In These States
by fedadvantageby fedadvantageAccording to United Nations projections, the average life expectancy 10 years from now is estimated at 81.11 years old. For FERS pre-retirees …
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Retirement
Longevity: The Primary Threat to Financial Security in Retirement
by fedadvantageby fedadvantageRepeated surveys consistently reveal that the predominant concern among retirees and those nearing retirement is the fear of outliving their financial resources. …
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Retirement planning for federal employees comes with unique challenges and considerations. The Office of Personnel Management (OPM), responsible for administering federal retirement …
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Retirement
Navigating the 5 Big Choices of Your FERS Retirement Journey
by fedadvantageby fedadvantageMaking informed decisions is key as you approach retirement under FERS. Here are the five major decisions you’ll need to tackle: 1. …
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As you approach retirement, it’s crucial to reassess your insurance coverage to ensure you’re not overpaying for policies that may no longer …
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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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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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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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As we step into 2024, it’s time to set forth resolutions aimed at crafting a robust financial plan for retirement. Resolution #1: …