With Open Season in full swing, federal employees and retirees enrolled in the Federal Employees Health Benefits (FEHB) Program have likely noticed …
FEHB
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A Health Savings Account (HSA) offers a tax-efficient way to save for medical expenses that may not be covered by your health …
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When President Biden signed the Postal Service Reform Act on April 6, 2022, it required the Office of Personnel Management (OPM) to …
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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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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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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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As you hit the half-century mark, retirement planning starts to take center stage. Here are five pivotal milestones to guide your retirement …