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Under FERS, federal employees have many unique retirement options, so it’s important to know the facts to determine which best fits your situation. One large source...
The Postal Service Reform Act, which was signed into law on April 6, 2022, mandated that OPM set up a health insurance program specifically for USPS...
The 4% rule is a common guideline in retirement planning, suggesting that retirees can withdraw 4% of their retirement savings each year, adjusted for inflation, without...
With several retirement options available under FERS, it’s essential to understand the details to choose the best one for you. Your Minimum Retirement Age (MRA) for...
Planning your retirement as a federal employee comes with its own unique considerations. Unfortunately, many resources are focused on private-sector workers who don’t have the benefit...
If you haven’t been contributing to a 529 plan or a prepaid tuition program to save for your child’s college education, you might be considering tapping...
When you enroll in a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) through FEHB, you unlock a valuable resource to help manage...
Income taxes and Social Security benefits are designed to favor married couples, so the simple fact is that singles ultimately need to save more for retirement....
When applying for your FERS retirement, one of the key decisions you’ll need to make is whether to select a survivor benefit for your spouse. Options...
The Federal Employees Health Benefits (FEHB) program is often considered one of the most valuable benefits available to federal employees in retirement, particularly because the federal...
Retirement planning starts long before you’re ready to head off into the sunset and enjoy your golden years. In fact,...
Divorce can shake up your Thrift Savings Plan (TSP), the retirement savings vehicle for federal employees. If you’re splitting up,...
According to 2024 data from the Federal Retirement Thrift Investment Board, the typical 60-year-old federal employee’s Thrift Savings Plan (TSP)...
Voluntary Retirement – Immediate Unreduced Annuity Requirement: Eligible for the retiree annuity supplement if you’re under 62You can carry your...
Federal Employees Retirement System (FERS) employees may be eligible for Discontinued Service Retirement (DSR) under certain circumstances, primarily when they...
If you leave your government job before reaching retirement eligibility, you have two main options regarding your FERS contributions: Refund...
On February 11, President Trump signed an Executive Order directing federal agencies to implement the Department of Government Efficiency’s workforce...
A federal judge on Monday extended his injunction preventing the Trump administration from implementing its contentious “deferred resignations” program, just...
The Office of Personnel Management (OPM) has granted federal agencies the authority to offer voluntary early retirement (VERA) alongside the...
Throughout your federal career, your Thrift Savings Plan (TSP) balance is likely to grow into a significant asset. With its...