Ep 9: When Can I Retire with Full Benefits

Friday, November 1, 2024

Inside this episode:

Discover the ins and outs of federal employee retirement in this comprehensive episode of the Federal Retirement Experts podcast. Host Gregory Jameson delves into the crucial question: "When can I retire and get my full benefits?" He breaks down the eligibility criteria for full retirement under the Federal Employee Retirement System (FERS), including the 30-year rule, age 60 with 20 years of service, and age 62 with at least five years of credible service.

The podcast explores various retirement options, including the MRA+10 rule, postponed retirement, deferred retirement, and disability retirement. Jameson also discusses special retirement categories for law enforcement, air traffic controllers, and firefighters, highlighting their unique rules and considerations. Additionally, he addresses the three core components of retirement income: pension (including the FERS supplement), Thrift Savings Plan (TSP), and Social Security.

Listeners will gain valuable insights into calculating retirement income, managing health insurance, considering long-term care options, and evaluating life insurance needs. The episode concludes with the importance of estate planning, emphasizing the need for wills, trusts, and up-to-date beneficiary designations. Throughout the podcast, Jameson stresses the benefits of working with a retirement coach to navigate the complexities of federal retirement and avoid costly mistakes.

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

00:07 - Introduction and eligibility for full benefits

02:52 - Special retirement categories

04:19 - Retirement income sources and calculations

07:00 - Health insurance considerations

08:18 - Long-term care planning

08:54 - Life insurance in retirement

09:54 - Estate planning essentials

11:19 - Conclusion and importance of preparation

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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 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.

Ep 6: What is it Like to Work with Federal Retirement Experts?

December 1, 2023

We know that people have a lot of questions about working with us and what it’s like for federal employees. Kathy was generous enough to take some time out of her schedule to join us on the show to provide a first-hand account of how Federal Retirement Experts has helped her and her husband put a plan in place to give them confidence in retirement.

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