With just a decade left before your Federal Employee Retirement System (FERS) retirement, it might seem like you have plenty of time …
FERS
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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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If you opted out of the Roth TSP because you thought you’d be in a lower tax bracket during retirement, it might …
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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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While non-spouses may not be eligible for the FERS survivor benefit, there exists an alternative solution for those with financial dependents – …
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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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Believe it or not, the control you have over your retirement income from FERS annuity (pension), Social Security, and Thrift Savings Plan …
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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 …