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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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Pay Attention: Nobody Else Is Going to Fund Your Future

September 3, 2015 It's never too early to start planning for retirement. I recently was copied on a letter from a dad (federal employee, Scott Stoddard) to his four children after a recent family reunion. Here is what he said: Dear Kids, Please seek retirement counseling ASAP–as early on in your career as...

Best Dates to Retire 2016

August 27, 2015 Download the Best Dates to Retire 2016 Calendar Are you financially ready to retire? Will all of your sources of retirement income -- federal retirement benefits, Social Security, Individual Retirement Accounts and other savings -- cover your ongoing expenses? Will you be able to make them last for the next...

Quiz: How Ready Are You To Retire?

August 20, 2015 More and more federal employees are taking a hard look at just how ready they are to retire. If you’re among this group (or even if you’re not -- yet), we’ve developed a tool that can help you figure out where you stand. The Retirement Readiness Assessment debuted last year,...

The High Cost of Health Coverage

August 13, 2015 Last week, we looked at some expenses to watch out for in retirement. This week, let’s explore one area in which you can be almost certain your costs will increase over time: health care. There are several reasons why this is the case: Many Americans are going to live a...

Let’s Get Real About Costs

August 6, 2015 There’s a common belief that retirees can live on a lot less money than active employees. The truth, unfortunately, is more complicated. The good news about retirement is that some of the deductions from your earned income go away. You won’t be saving for retirement, so you won’t have funds...

Get Counseling

July 30, 2015 Some agencies provide their employees with top-notch retirement counseling. Such agencies typically respond to requests for retirement estimates in a timely fashion. They allow employees to request estimates for several different retirement dates and offer to update those estimates as the employee gets closer to retirement. And they provide a...

8 Reasons Your Retirement Estimate May be Inaccurate

July 23, 2015 I’ve written several times in the past about the importance of getting a retirement estimate from your agency well in advance of your planned retirement date. The only problem is that sometimes these estimates don’t accurately predict what you can expect in retirement. Here are eight of the most common...

How to Estimate Your Retirement

July 16, 2015 The Office of Personnel Management determines exactly how much each federal employee will get in retirement benefits when the time comes to leave federal service. But that process can take a long time. Currently fewer than 70 percent of new retirement claims received by OPM are processed in less than...

Don’t Rush to Withdraw Your Retirement Savings

July 9, 2015 Last week President Obama signed into law a measure allowing federal law enforcement officers, Customs and Border Protection officers, firefighters and air traffic controllers to access funds in their Thrift Savings Plan accounts without penalty under certain circumstances when they retire early. The Defending Public Safety Employees’ Retirement Act ensures...

A Rude Annuity Shock

July 2, 2015 In the federal retirement system, what you don’t know can hurt you. This week, I present the story of a shocking—and arguably unfair—surprise the spouse of a retiree received upon his untimely death. The case involves the quirky plan known as Civil Service Retirement System Offset. CSRS Offset is a...