Are You Ready to Retire? Take the Retirement Quiz Today!
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What most federal employees don’t understand is that a successful retirement planning strategy starts years before separation. We understand that your ultimate goal is to take full advantage of the great benefits package offered to you by the Federal Government and make certain that your day of separation is as close to perfect as possible.

 
How many Years of Creditable Service do you have? *

Years of service for which CSRS/FERS contributions were funded and therefore creditable for the computation of your pension.

 
Congratulations, if you’re over the age of 62, you may be able to retire TODAY without penalty.

 
Congratulations, if you’re over the age of 60, you may be able to retire TODAY without penalty.  FERS Employees may be eligible for an enhanced benefit feature called Special Retirement Supplement.  This benefit will bridge the gap between retirement and when Social Security benefits begin.

 
Congratulations, if you’re over the age of 55, you may be able to retire TODAY without penalty.  FERS Employees may be eligible for an enhanced benefit feature called Special Retirement Supplement.  This benefit will bridge the gap between retirement and when Social Security benefits begin.

 
Congratulations, if you’re over the age of 55, you may be able to retire TODAY without penalty.  FERS Employees may be eligible for an enhanced benefit feature called Special Retirement Supplement.  This benefit will bridge the gap between retirement and when Social Security benefits begin.

 
Knowing your Years of Creditable Service is important and something you should obtain.  It determines your eligibility to retire and other features available to you through the government.

 
Do you know when you can retire without penalty? *

This is called your MRA or Minimum Retirement Age.  MRA applies to all regular government employees and is based on a couple of factors: Your Age and Years of Creditable Service.  It also determines your eligibility for supplemental benefits you may not be aware of.

 
Your Minimum Retirement Age determines when you can retire, whether or not you’ll receive an “Early Retirement Penalty”, and most importantly how much you’ll receive when you separate from service.  It may also determine your eligibility for enhanced benefits such as Special Retirement Supplement, etc.

 
Have you made a deposit for your Military Service Time? *

If you have Military Service Time and are not receiving a military pension, a deposit or purchase can be made to increase your Federal Pension (Annuity).

 
It’s never too late to “buy-back” your military time.  This is an advantage of working for the Federal Government and one EVERYONE should take advantage of.  The government provides payment plans to assist those that are not able to make a one-time payment.

 
Have you prepared for your Interim-Pay Period immediately following retirement? *

The Interim-Pay Period, starts immediately following separation and applies to ALL FEDERAL EMPLOYEES.  During this period-of-time, you’ll receive a small portion of your estimated pension/annuity payment.  Preparing for this period-of-time is crucial to your transition into retirement.  We can Help.

 
The Interim Pay Period applies to all Federal Employees upon retirement separation.  During this period-of-time, you’ll receive 40-90% of your anticipated retirement annuity.  These payments will last between 60-180 days.  It’s important that you begin preparing TODAY for your retirement separation TOMORROW.  Your Unused Annual Leave at the time of retirement can often assist with this difficult transition.

 
Are you eligible for Special Retirement Supplement and do you know how much it will be? *

If you are an employee with at least 20 Years of service you might be eligible for FERS Special Retirement Supplement equal to $400 - $1500 per month.

 
Special Retirement Supplement could be the difference between retiring today or at age 62.   Find out today how much it will be and whether or not retirement is closer than you thought.

 
If you are a FERS Employee with at least 20 Years of service, you may be eligible.

 
Is your TSP Account Balance distributed between the various funds, based on your individual Retirement Time Horizon? *

As you near retirement (5-10 years), the more important it is to consider the impact of risk (market volatility) on your TSP account balance.  We call this ASSET ALLOCATION.  The way in which you distribute your money among the TSP funds should reflect your time horizon and your risk tolerance.  The closer you are to retirement, the shorter your time horizon, and typically the less risk you can tolerate.

 
The closer you are to retirement, the shorter your time horizon.  As a result, your primary motivation might shift from growth and accumulation to safety and preservation as you near retirement.  Even if your risk tolerance is very high, you may not have time to recover from severe drops in the market if a large portion of your account is allocated to stock funds.

If you are heavily invested in stock funds (C, S and I Funds), now is the time to consider shifting to a more conservative allocation, especially if you do not have other retirement funds safely invested.  www.tsp.gov.

 
Do you know what role your Unused Annual Leave plays at separation? *

At retirement, (does not apply to phased retirement) employees are entitled to a Lump Sum Payment for annual leave credited to their accounts, including the carry-over balance, the unused leave accrued during the year and any unused restored leave.  This plays a significant role in preparing you for the Interim Pay Period, immediately following separation.

 
Understanding the difference between your Unused Sick Leave and Unused Annual Leave is crucial as you near retirement.  The two are completely different and each of them play a significant role in your retirement.  Federal Employees are often misled in believing that they should use all of their Unused Annual Leave prior to separation.

 
Do you know what your Age 62 Social Security Benefit amount is? *

If you have contributed to Social Security for at least 10 Years (40 quarters), then you are entitled to a Social Security Benefit.  This benefit is payable at the earliest Age of 62.  For FERS Employees that meet MRA, this benefit amount will play a significant role in determining your FERS Retirement Annuity prior to Age 62 and may determine whether or not you can afford to retire sooner than expected.

 
Your Social Security benefit plays a significant role in determining your retirement and is an easy number to obtain.  Most Federal Employees aren’t aware of the FERS Special Retirement Supplement.  The supplement could mean an additional $400 - $1,500 in monthly income between retirement and age 62.

 
Do you have a Pre-Retirement Debt Reduction plan? *

Equally important as your retirement INCOME; managing your monthly EXPENSES and debt before you retire is crucial!  After-all, your income is likely much greater today than it will be after retirement.  Use this time wisely, minimize your debt and reduce the money going out while you still can.

 
Understanding your debt to income ratio is crucial at this point of your career and ultimately determines whether you’re financially able to retire.  The income left after paying all taxes, bills, groceries, clothing, etc. is called “Discretionary Income”.  It’s also the single most important part of preparing for retirement.  It’s the difference between “Retiring” or “Retiring and Having to Return to Work.”

 
Can you really afford to retire? *

We realize this is your primary concern and question.  We also realize this is not an easy question to answer.  A complete Retirement Income Projection is what you need to get started.  Our comprehensive Retirement Income Projection includes, FERS/CSRS Annuity Estimates, including Sick Leave Time, Social Security and/or Special Retirement Supplement Estimates, TSP Annuity Payments, and we’ll even help estimate what your Unused Annual Leave payment will be.

We’ll even encourage you to take a Monthly Budget/Debt and Expense inventory.  We realize this may be the first time doing this for some of you, but there is no better time to start than now.  We’ll provide you with the tools necessary to take a proper financial snapshot and ultimately help you confidently answer the dreaded question……

Can I really afford to retire?

 
Congratulations on taking the first step, after all, knowing is half the battle and it’s better to be safe than sorry.   Take the proper steps today to better prepare you for retirement tomorrow.  A 3 to 5 Year strategy is important to a successful retirement plan.  In-fact, for those of you over the age of 59 ½ … there are things you SHOULD do today to increase your LIFETIME INCOME tomorrow.

 
Congratulations on taking the first step.  Knowing is half the battle.   Request a Retirement Planning Workbook and our Federal Benefit Specialists will get you on track.

 
MyFEDBenefits is a free resource for all Federal employees, helping them with benefit and retirement questions and challenges.

Are you ready to see your results? Add your email address below. *

 Whatever you do… don’t panic.  Learning is half the battle and in our opinion you’re half way there!  After all, most Federal Employees we work with are in the exact same position you’re in.  With proper planning and strategizing TODAY, you may still be able to get to obtain the retirement you deserve.  

Get started by requesting our Free Retirement Planning Guide.  A Federal Retirement Specialist will be assigned to your case and will take you through the process one step at a time, ensuring that your retirement decisions are in good hands.
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Retiring from the Federal Government is one of the most important decisions you’ll make!  You’ve put in your time, now let’s make sure you get everything coming to you!  With proper planning and strategizing TODAY, you may still be able to get to obtain the retirement you deserve.  Knowing the facts and making good decisions = “Peace-of-Mind”.

Get started by requesting our Free Retirement Planning Guide.  A Federal Retirement Specialist will be assigned to your case and will take you through the process one step at a time, ensuring that your retirement decisions are in good hands.
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We can see that you have a couple items to work on.  We recommend a Retirement Quiz Score of 100.  After all, when it comes to retirement, you cannot afford to make a mistake.

Get started by requesting our Free Retirement Planning Guide.  A Federal Retirement Specialist will be assigned to your case and will take you through the process one step at a time, ensuring that your retirement decisions are in good hands.

Get Your Quiz Report Now
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