Plan Your Federal Retirement Podcast

Are you ready to turn your retirement savings into a reliable income stream? Navigating the complexities of your Federal Employee Retirement System benefits, Social Security, and Thrift Savings Plan is essential for a smooth transition into retirement. Learn how to manage your TSP investments, explore effective withdrawal strategies, and determine the best timing for your retirement. Join Micah an...

Hi. I have congressional experience and a break in service and I have just retired to the executive branch and I was wondering how the high 3 is calculated when I have 2 different 2 different work periods and different multipliers because congressional service when I was there was a 1.7 % multiplier anyway, if you could assist, I appreciate it. - Carrie. https://zurl.co/NBZS

Are you ready to turn your retirement savings into a reliable income stream?  Understanding your spending goals and determining your net income is not just crucial, it's the key to managing your cash flow during retirement. Whether it's Social Security benefits, pensions, or your Thrift Savings Plan, knowing how to handle these various income sources can truly make all the difference in your retir...

So I did have a question. I can retire in october 2019 with 30 years under first, I will be 56 and I mean 10 months old and I do not think that I will be eligible for SRS until may 27th, but then I filed for my retirement the first part of April and when my retirement Counselor called, she told me that I will be able to be eligible for S R s immediately upon my retirement in October because I have...

Join Tammy and Micah, seasoned federal retirement experts, as they share their insights on navigating retirement preparation, avoiding common mistakes with OPM, and ensuring a smooth transition from federal service. Learn about the importance of accurate record-keeping, the need for correct dates and service credibility, and how to involve HR early on to avoid territorial issues. Find out approach...

I just saw you guide to military service credit buybacks. I purchased 11 years back and it was the best decision I ever made! I didn't see something in your guide that I think is very important: There is a huge difference between a Reserve retirement and an Active Duty ( AKA Regular) retirement. As you state in your guide Active-duty retirees must choose between their federal and active-duty retir...

Are you nearing retirement and wondering how to manage your sick leave best? Join Tammy and Micah in this insightful episode of the Plan Your Federal Retirement podcast as they dive deep into the intricacies of using sick leave to optimize your federal retirement benefits. In this episode, Tammy and Micah explore: The impact of sick leave on your federal pension calculation, including the high-thr...

Hello PYFR team! I love the podcast and appreciate it and all the resources you offer. My question is about taxes on the pay-out of annual leave for retirees. I assumed it would be considered income just like salary and would be taxed at whatever rate my income met for that year. But, a colleague who is planning to retire in a few months is planning to use all his leave now because he thinks the p...

I read the $1,000.00 example that you write and 50% of 1K is 500.00 a month for my wife. That makes sense and I understand. My Q is my spouse is 12 yrs YOUNGER than I am. Does the Age difference make a difference in the SBP cost? - Albert 

I'm planning to retire December 31, 2025; I will have 10 years and 8 months. When should I start the process? - Angelia    https://zurl.co/UMXX

Federal employees can use various calculators to estimate their FERS benefits, but accurate documentation and proper completion of estate planning documents are crucial for retirement planning! Missing or incomplete information can lead to unexpected consequences, so seeking help from HR or knowledgeable individuals is essential. In this episode, Micah and Tammy demystify the FERS retirement calcu...

I am eligible to retire from fed service at 57 1/2. I will have 36 years of service. I plan on using my TSP to supplement my retirement. I cant seem to find a straight answer on withdrawing my money prior to 59 1/2 without paying the 10% penalty. Some sites say I can access all of it anytime, others say I have to use the SEPP plan, and others say I can access all of it but only 4 times per year. I...