by cbobo | Feb 3, 2024 | FERS, Pension, Social Security
FERS options at retirement The Federal Employees Retirement System (FERS) is a comprehensive retirement plan for federal civilian employees that incorporates three main components: the Basic Benefit Plan, Social Security, and the Thrift Savings Plan (TSP). The Basic...
by cbobo | Feb 3, 2024 | FEGLI, Life Insurance
What happens to life insurance when you retire? When federal employees retire, the Federal Employees’ Group Life Insurance (FEGLI) program undergoes several important considerations. FEGLI provides life insurance coverage to eligible federal employees, and...
by cbobo | Feb 1, 2024 | Pension, Retirement Book, TSP Investing
Contributions and matching builds Federal employees planning for retirement with the Thrift Savings Plan (TSP) must carefully consider several key factors to ensure a secure and comfortable post-career life. Firstly, understanding TSP investment options is crucial....
by cbobo | Oct 22, 2023 | Annuities, TSP Investing
Annuities provide more protection Fixed index annuities (FIAs) offer several advantages over bonds as an investment vehicle. While bonds have traditionally been a popular choice for conservative investors seeking stable income, FIAs provide unique benefits that make...
by cbobo | Oct 21, 2023 | Pension, Thrift Savings Plan
Retirement differences are fairly dramatic Federal retirement and private retirement differ in several key aspects, primarily due to their distinct structures, funding mechanisms, and benefits. Here’s a concise comparison: Source of Funding: Federal Retirement:...
