A common question federal employees ask us is this: I have heard there are “best” days of the year to retire from FERS – is this true? The answer is indeed, yes. In fact, the date you retire from FERS can carry significant importance based on your cash flow needs.
After a long career, a federal worker may have a substantial amount of money saved in their Thrift Savings Plan (TSP) account. What you do with this money is an important decision because it will be a primary source of income for your retirement expenses.
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.
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.
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.
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.
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).
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.