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