financial planner Stephen Zelcer
Fake Social Security

Fake Social Security (w/video)

Fake Social Security (w/Video) Read the video transcript: Welcome back to the channel. So in a previous video, we spoke about the three legged stool. Somebody who retires at minimum retirement age (MRA), which for many FERS employees is age 57. So they could get their first pension. They could get their Thrift Savings Plan,

Read More »
Should I take medicare?

Do I need Medicare? – New Webinar

Do I need Medicare? – New Webinar Medicare Part B costs thousands of dollars a year. And they threaten you with penalties if you don’t take it. You already have FEHB. Do you need both? Tuesday December 19th 11am ET In this webinar I explain: The costs of Medicare When you need to worry about

Read More »
guide to federal employees benefit milestones

Key Milestones in the Career of a Federal Employee [Updated]

Key Milestones in the Career of a Federal Employee – Updated I’ve seen it many times.  Federal employees who thought they would only spend a few years as a Fed and move on, only to find themselves still a Fed 20+ years down the road.  This unintentional floating along in a Federal job can be

Read More »
When should I take social security

Updated: When to take Social Security

Updated: When to take Social Security Question: Should I take Social Security early, or on time, or late? Answer: It depends.  Below are two reasons why I generally recommend to take it as early as possible.  I also provide 3 exceptions to my general recommendation.  Reason #1 – Social Security is scheduled to cut benefits

Read More »

How will my social security impact my CSRS offset pension?

How will my Social Security impact my CSRS Offset Pension? CSRS-offset has got to be one of the more obscure, challenging areas of federal retirement. CSRS-offset retirees have a retirement benefit which combines CSRS and Social Security. The CSRS portion, however, will be reduced by the amount of Social Security earned while employed in CSRS-offset.The

Read More »

Should I take my divorced spousal Social Security benefit? – Q&A

Q&A: Should I take my divorced spousal Social Security benefit? Question Hello Mr. Zelcer: I just turned 66 in March and is planning to retire from Federal Service the end of January 2021.  I am eligible to receive my divorced spouse benefit under Social Security.  My question is it worth it to take my ex-spouse

Read More »
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

Read More »
Should I take social security

WHEN SHOULD YOU TAKE SOCIAL SECURITY?

Question: Should I take Social Security early, or on time, or late? Answer: Possibly the most popular Social Security question I receive from clients is whether they should take their Social Security (SS) benefit as early as possible – age 62 – or should they wait until their Full Retirement Age (FRA) to start receiving

Read More »