Financial Living Blog

How to Calculate Your FERS Retirement Benefit

Aug 12, 2020 9:24:36 AM

By Kurt Mears, Advance Capital Management Financial Adviser

What every federal government employee knows is that one of your primary retirement income sources will be the FERS basic benefit. Along with Social Security, this pension-like system is a coveted form of guaranteed income. What you may not know is how exactly your FERS retirement benefit is calculated.

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Drawbacks of TSP Lifecycle Funds

May 27, 2020 8:29:24 AM

When it comes to your health, you typically get the professional advice of a qualified doctor. You don’t just choose from a menu of treatments. But when it comes to your long-term financial health, it’s often all up to you.

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Managing Your TSP During Market Volatility

Apr 1, 2020 11:59:24 AM

In the past month, the stock market dropped into bear market territory. During that time, the Dow Jones Industrial Index suffered its largest single-day drop ever, but also its largest one-day gain since 1933. Needless to say, as the world works to contain the coronavirus and faces the likelihood of an economic recession, the market has become highly volatile.

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FERS Basic Benefit Plan Early Retirement Considerations

Jan 16, 2020 2:03:54 PM

Choosing when to retire is one of the most important – and sometimes difficult – financial decisions to make. You must align your personal needs and aspirations with the economic realities of your situation.

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Choosing the Right Federal Thrift Savings Plan Investments

Aug 14, 2019 12:53:16 PM

From postal workers to VA doctors, we’ve had the pleasure to work with many federal government employees. An important factor in their financial success is choosing the right investments in the federal Thrift Savings Plan (TSP).

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Should You Elect a FERS Survivor Benefit?

Jul 10, 2019 10:56:19 AM

From postal workers to VA doctors, we’ve had the pleasure to work with many federal government employees. A common question we’re asked: How can I make sure my spouse is financially provided for? In this article we take a closer look at the FERS Survivor Benefit options.

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How to Withdraw Money from a Federal Government TSP at Retirement

Jun 6, 2019 12:57:14 PM

Has this ever happened to you? You go to a restaurant, read the menu and then suddenly find yourself seemingly paralyzed. Though you’re hungry, you can’t decide what to order. The Cobb salad or the cheeseburger? You’re overloaded with options, and you fear that whatever you order, the other meal would have been better.

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Understanding the FERS Supplemental Annuity for Federal Workers Retiring Early

Nov 15, 2018 10:56:11 AM

From postal workers to VA doctors, we’ve had the pleasure of helping many federal government employees reach retirement. Though the average age federal employees voluntarily retire is 63, there are many who choose to leave the workplace earlier. Those who want to retire early need to know about the FERS Supplemental Annuity Benefit.

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What Is the Retirement Age for Federal Employees?

Sep 13, 2018 1:12:21 PM

From postal workers to VA doctors, we’ve had the pleasure of helping many federal government employees reach retirement. So, what is retirement age for government workers? Is it the conventional age of 65?

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What to Know About Contributing to the Thrift Savings Plan

Aug 15, 2018 11:10:30 AM

From postal workers to VA doctors, we’ve had the pleasure to work with many federal government employees. The one area we advise them to focus most of their attention is here: the Thrift Savings Plan (TSP).

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