financial planner Stephen Zelcer

MRA+10 Retirement – should you postpone your FERS pension? (w/video)

MRA+10 RetirementShould you postpone your FERS pension? (w/video) Read the video transcript: FERS employees, you have the ability to retire early with something known as the MRA plus 10 retirement. Now let’s define that. MRA, Minimum Retirement Age, for most FERS Employees, is 57. So MRA, 57, plus 10, what does that mean? 67? And

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Is FERS really a 3 legged stool? (with Video)

Explore the intricacies of the FERS retirement system, often likened to a three-legged stool comprising FERS pension, Social Security, and Thrift Savings Plan. Learn about early retirement at age 57, avoiding penalties, and the role of the FERS annuity supplement. Get insights on how to optimize your retirement benefits.

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Disability Income for Federal Employees

Disability Income for Federal Employees

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

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Q&A: Tax Withholding on a FERS or CSRS Pension

Q&A: Tax Withholding on a FERS or CSRS Pension

Q&A: Tax Withholding on a FERS or CSRS Pension Question Hi Stephen, I’m filling in my retirement paperwork and have a quick question about tax withholding: Federal withholding W-4P:  Do you suggest I just have usual federal tax withheld under my “single” status? State withholding:  should I elect to NOT have state income tax withheld from

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Is the 3-legged stool (FERS + SS + TSP) enough?

Q&A: Is the 3-legged stool (FERS + SS + TSP) enough?

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

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