Disability Income for Federal Employees If you’ve been a federal employee for at least 18 months, you are covered by FERS Disability. The FERS disability benefit starts off at 60% of you salary (or hi-3, whichever is higher) only for the first year. Subsequent years, the disability benefit drops to 40% of your salary. Two important points
Should you leave Federal Service before you’re eligible for full retirement? I know you’re thinking about it. 😉
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Q&A: Will I need a double RMD in 2021? Question Due to the waiving of RMDs in 2020, If I am 71 now and retire in November 2020 when must I take the first RMD from the Thrift Savings Plan? Another way to ask the question is the following: For a person who is 71
Is the 3-legged stool enough? Question: I am contributing 5% to my TSP, getting the maximum agency match, and I’m also paying into Social Security and the Federal Employee Retirement System (FERS). Is that going to be enough to retire on? Answer: I want to answer this question on two levels. The first level will
Thinking about taking Social Security early?
Sounds like a good idea, however if you’re earning too much money while taking early Social Security, that can wipe out your benefits. Is there a way to have both? Can you get your Social Security and earn additional income at the same time?
Hi, I don’t want to call out individuals by name, but I certainly want to express my gratitude to the following groups of people: Those who have spoken kind words to me: I started this business 11 years ago. I must admit, during my first 5-6 years, I thought I wasn’t going to make it.
Question: How do my federal benefits impact my estate? Answer: To frame the answer to this question I will add another question – Why is that important? By understanding the impact your benefits have on your estate you should be able to get the: Quickest distribution of your assets Correct distribution of your assets Maximum distribution