Posts tagged Government Benefits
Glass Half Full

A Review of Your Federal Benefits After the (Proposed) Changes

There has been a maelstrom of gloomy articles referencing the proposed changes to federal retirement benefits published lately and, while it is critical that you stay informed, it is also important to remember how many benefits you will continue to have in even the most aggressive of the budget reduction proposals.  We cannot control what happens with the budget, but we can control how we interpret and respond to the hurdles it creates… Remember, as a federal employee, you are still offered some of the best benefits on the planet – even after 2018!

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Pension Max vs SSB

A Fresh Take on an Age Old Debate

                In this article, we are looking specifically at the Surviving Spouse Benefit (SSB)– a benefit available to both CSRS and FERS retirees that provides a continuation of a portion of your FERS/CSRS pension to your surviving spouse should you predecease him or her. 

The goal of the SSB is to provide income continuation to your surviving spouse in order to help them maintain the standard of living your family is currently accustomed to.Much like life insurance, the Surviving Spouse Benefit has a cost (premium) and only begins replacing income to your spouse after you pass away and full pension payments end.

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FERS Stool vs FERS Recliner

Where will you sit?

Who’s heard of the FERS 3-Legged Stool before?  The 3 legs are the “foundation” of the generic FERS Retirement Plan that they preach during your initial training.  Each leg equates to one of the 3 main streams of the FERS retirement income –specifically: the FERS Pension, Social Security, and Thrift Savings Plan. In this metaphor, your career is spent on your feet and your retirement goal is to build a seat as far off of the “ground” as possible.  But keep in mind, the “seat” you build is the only place you can rest for the entirety of your retirement. 

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The Decisive Decade

The 10 Year Period That Will Shape Your Retirement Lifestyle

There is a critical period in retirement planning, a span of roughly 10 years that largely determines the sustainability of your lifestyle throughout the length of your retirement.  This 10 year time frame has no set start age, like Medicare or Social Security.  It is unique to each individual’s true retirement date – the point when you finally stop trading your time for a paycheck and begin relying on your assets to ensure your lifestyle.  But the most critical 10 year period of your retirement begins well before you stop showing up to work. You may be in the most decisive decade of your retirement right now without ever having been told since there is no formal announcement.

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