Updated 2021: 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
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
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
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?
Key Milestones in the Career of a Federal Employee 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 transformed into
When should you take Social Security? A fantastic webinar with Stephen Zelcer, fiduciary advisor to federal employees.
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
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