Posts tagged Public Service
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. 

Read More
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.

Read More