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[1].

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.

Chapters:
00:00:07 - Introduction and eligibility for full benefits
00:02:52 - Special retirement categories
00:04:19 - Retirement income sources and calculations
00:07:00 - Health insurance considerations
00:08:18 - Long-term care planning
00:08:54 - Life insurance in retirement
00:09:54 - Estate planning essentials
00:11:19 - Conclusion and importance of preparation

Learn more about our team: https://www.federalretirementexperts.com/about-us

Get Connected with a retirement coach: https://www.federalretirementexperts.com/get-connected

Get in touch with us: https://www.federalretirementexperts.com/contact-us

Watch the Podcast on YouTube: https://bit.ly/3rGJHi0

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?

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

00:00 - Introduction

00:45 - What is Phased Retirement?

02:47 - Duration of Phased Retirement

04:55 - Financial Considerations

07:05 - Who is Phased Retirement Suitable For?

08:27 - Satisfaction with Phased Retirement

09:10 - Benefits Analysis and Conclusion

Learn more about our team: https://www.federalretirementexperts.com/about-us

Get Connected with a retirement coach: https://www.federalretirementexperts.com/get-connected

Get in touch with us: https://www.federalretirementexperts.com/contact-us

Watch the Podcast on YouTube: https://bit.ly/3rGJHi0

The Thrift Savings Plan (TSP) for federal employees plays a crucial role in retirement planning, and it’s important to understand 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.

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

0:00 – Intro

1:40 – What is the TSP

4:44 – Traditional vs Roth

6:34 – Investing

11:42 – Creating income from your TSP

Learn more about our team: https://www.federalretirementexperts.com/about-us

Get Connected with a retirement coach: https://www.federalretirementexperts.com/get-connected

Get in touch with us: https://www.federalretirementexperts.com/contact-us

Watch the Podcast on YouTube: https://bit.ly/3rGJHi0