Ep 2: What Federal Employees Need to Know to Retire Early

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Ep 2: What Federal Employees Need to Know to Retire Early

Friday, July 21, 2023

Inside this episode:

A career as a federal employee provides flexibility when it comes to picking a retirement date, but there are some key considerations you need to make if your goal is to retire early.

Today we want to walk you through some of the conversations we have with federal employees when we help them determine a retirement date. There are a range of ages that come into play along with how many years of service you’ve accumulated and where you worked. Taking these different factors into account will help determine what your retirement benefits will be and whether any penalties might be assessed.

There’s a lot that we want to consider but taking the time to build a plan and determining the best path will help you get the most out of your retirement.

Here’s some of what we discuss in this episode:

0:00 – Intro

0:30 – The typical ages for retirement

4:10 – Postponed retirement and health insurance

7:49 – Requirements for pension bonus

12:52 – When should you start planning?

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Our personalized, complimentary pre-retirement analysis helps to explain your Federal benefits, how they work in retirement, and calculate your projected retirement income.

This comprehensive report will cover important areas of your retirement options including:

TSP Withdrawal Options & Benefits
Government Defined Benefit Pension Plans
FERS Supplement & Social Security
Survivor Benefits
Federal Employee Group Life Insurance (FEGLI) costs
Federal Employee Health Benefit (FEHB) costs
First Year in Retirement Projected Income
And more!

Listen To More Episodes

Ep 9: When Can I Retire with Full Benefits?

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Ep 8: What is a Phased Retirement for Federal Employees?

February 15, 2024

Some federal employees will have the option to take a phased retirement, which will allow them to continue working in a smaller capacity while a replacement is brought on. Who is eligible for a phased retirement and what financial considerations need to be discussed before deciding if it’s a good option for you?

Ep 7: Understanding Your TSP Options in Retirement

December 28, 2023

The Thrift Savings Plan (TSP) for federal employees plays a crucial role in retirement planning, and it’s important to un-derstand your options and the best ways to utilize the account. Whether you're diligently working towards retirement or already considering your income streams post-career, the TSP is a pillar you can't afford to overlook.

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