What you don’t expect, and do not plan for can cost you plenty
You may think retirement income planning is easy. It should be simple and straightforward. After all, on a small piece of paper, you can write down your monthly income from your federal pension, Social Security (if you’re entitled to it), and the potential earnings from your TSP. Next to it, you can the
The Federal Retirement Benefits Center offers educational workshops and income analysis resulting in comprehensive retirement planning. Federal employees have very good benefits - get the most out of these benefits and start planning for retirement early. As federal employee benefits are unique and complex, our staff conduct educational benefits workshops that will explain how your benefits work. We have years of federal human r
Many federal retirees forget that their federal retirement benefits are taxable. Planning for life after retirement begins by understanding your retirement benefits, how each benefit will be taxed, and what your net monthly income will be. As a federal employee facing retirement, do you know what retirement taxes can you expect to pay? What you don't know can impact your future.
If you find your federal employee ben
Most of my retirement planning meetings with federal employees focus primarily on what age to retire or what the approximate expected income will be. These are critical questions to discuss prior to approaching your retirement. Yet there is another question that is part of the planning process: Where to retire?
There are many federal employees who have already decided to retire in their current ho
Federal Employees and the Military who wish to save for retirement have an option known as a Thrift Savings Plan, or TSP. Federal employees have excellent benefits, but they are unique and complex. We are Federal Retirement Benefits Center, and we help Connecticut federal employees plan for retirement. As a federal employee retirement planning service, we take the mystery out of your federal employee benefits.
As with 401(k)s, you make contributions into yourTSP, and your employer may offer