Posts Tagged: TSP

Social Security for FERS Employees, by Todd Carmack

http://www.psretirement.com/social-security-fers-employees-todd-carmack/ I am often asked by clients “When should I start taking my Social Security payments?”. There is no single right answer to that question because everyone designs their retirement differently. This added income can make a difference on when you decide to retire and how much of a benefit you are willing to accept.Read… Read more »

Understanding Your FEGLI Coverage, by Todd Carmack

Understanding Your FEGLI Coverage, by Todd Carmack As a benefit counselor and retirement income specialist, I have come to realize that a lot of employees do not remember what they signed up for or understand their federal employee group life insurance (FEGLI) coverage. An outline of FEGLI coverages available; Basic FEGLI Coverage – if elected,Read… Read more »

Older People and Work

http://www.psretirement.com/older-people-and-work/ Do older people work to survive or because they want to stay in the game? I believe the answer is YES to both. In our society we segment people often without giving it much thought. There are older people in the Congress, even in the White House just moments away from the most powerfulRead… Read more »

7 Tips to Make the Most of Your Thrift Savings Plan – No Matter Your Age

Are you saving like you should? Our tips below will help you out, no matter where you are in your public sector career. I happened to be in a government building in Texas last week when I noticed a sign encouraging active participation in a retirement plan. It read: “I’ll save for retirement when I’mRead… Read more »

Social Security – Now Or Later

http://www.psretirement.com/now-or-later/ There was a candy years ago called Now-Later. I believe it was called Now-Later because if you chewed it now, it lasted so long you would still have it for later. Well, when it comes to when to collect Social Security benefits I am not so sure if the Now-Later theory actually works orRead… Read more »

Death and Former Spouses

http://www.psretirement.com/death-and-former-spouses/ You might say what does a former spouse have to do with the business of the deceased federal employee. You might be surprised under certain circumstances, that the former spouse may have more to do with the business than you can imagine. Actually the Basic Employee Death Benefit (BEDB) may be payable to theRead… Read more »

Federal and Postal Employee Retirement Planning – One Year Out

http://www.psretirement.com/federal-postal-employee-retirement-planning/ If you are planning to retire in ONE year think about concentrating on a few things that might help to keep you on track and make certain you don’t miss out on anything. • Confirm when you will be eligible to receive your full retirement benefit. FERS Eligibility CSRS Eligibility • Have a benefitRead… Read more »

Thrift Savings Plan (TSP) Withdrawal Options

PSRetirement.com The rules for your Thrift Savings Plan are pretty straightforward while you are working, but they become increasingly more complex as you enter retirement and attempt to access the money that you have saved in your TSP.gov account. You have 5 withdrawal options for your Thrift Savings Plan that you can select from. OptionRead… Read more »