AUTHOR ARCHIVES

Tammy Flanagan

Tammy Flanagan is the senior benefits director for the National Institute of Transition Planning Inc., which conducts federal retirement planning workshops and seminars. She has spent 25 years helping federal employees take charge of their retirement by understanding their benefits.

For more retirement planning help, tune in to "For Your Benefit," presented by the National Institute of Transition Planning Inc. live on Federal News Radio on Mondays at 10 a.m. ET on WFED AM 1500 in the Washington-metro area. Archived shows are available on NITPInc.com.

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We Need to Talk About Your Retirement

November 20, 2014 Pull up a chair. Can I get you a cup of coffee? If you’re married, I hope you brought your spouse along. We’re going to talk about your upcoming retirement. Welcome to your pre-retirement counseling session! If you are retiring in the next few months, I hope you’ve had the ...

The $1,258 Question

November 13, 2014 In 2015, Medicare Part B premiums will be $104.90 per month per person, or $1,258.80 a year. The good news is that’s unchanged from this year. The bad news is that feds who will turn 65 in 2015 will need to make a decision about whether or not to enroll ...

A Little More Cash During Open Season

November 6, 2014 Open season for federal health benefits is right around the corner: It starts Nov. 10 and runs until Dec. 8. When you hear the words “open season,” what thoughts come to mind? How about: Stirring, exciting, thrilling, rousing, sensational and exhilarating? Or is it more like: Tiresome, mind-numbing, monotonous, tedious, ...

Trick or Treat

October 30, 2014 Happy Halloween! In the world of federal employees and retirees, there are several items that could be characterized as tricks or treats, depending on your point of view. Let’s look at some of them, and you be the judge. January Pay Adjustment It looks like 1 percent is the number. ...

Providing For Each Other

October 23, 2014 In last week’s column, we looked at the critically important question of whether to take a reduced retirement benefit to provide a survivor annuity. This week, I’d like to explore a more specific scenario based on an e-mail I recently received about a situation involving two married federal employees. Kat ...

The Most Important Retirement Decision

October 16, 2014 It’s the time of year again, when federal employees who are planning an end-of-year retirement begin to ask themselves a series of questions: What exact date should I choose? Should I downsize my living space? Should I move to a warmer climate? Should I enroll in Medicare Part B? These ...

Making the Most of Your Money After You Retire

October 9, 2014 We all know what it means to accumulate assets for retirement. That’s what you are (hopefully) doing in the Thrift Savings Plan and other savings plans while you continue to work. But have you given much thought to what you will do with this money after you move from employment ...

Become a TSP Wizard

October 2, 2014 Did you know that the Thrift Savings Plan has wizards? If you haven’t borrowed from the TSP or applied for a withdrawal of funds, you might not know about these tools, which can help you navigate complex loan application and withdrawal request forms. There are four different wizards to choose ...

5 Things You Can Change After You Retire

September 25, 2014 There are many things about retiring from federal service that are considered irrevocable, permanent and “one-time only.” This kind of language can make people nervous about the transition from employee to annuitant. But there are several things you can -- and often need to -- change after you retire. Here’s ...

Ready, Set, Go

September 18, 2014 In my recent pre-retirement seminars, I have met many employees who have their sights set on retiring near the end of the 2014 leave year (1/10/2015). As usual, the end of the year is a popular time to retire for employees who wish to cash in a big lump sum ...