As you approach retirement, it’s crucial to reassess your insurance coverage to ensure you’re not overpaying for policies that may no longer …
FERS
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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 …
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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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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 …
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Recent economic forecasts suggest a decline in inflation from 3.2% in 2023 to 2.4% in 2024, according to Forbes.com. While the Federal …
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Considering dropping your FEGLI coverage upon retirement? It’s a decision often pondered among federal employees due to concerns over age-based premiums impacting …