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.

Results 1-10 of 444

Unlocking the Secrets of FERS

January 22, 2015 As you probably know, federal employees are generally covered by one of two retirement systems: the “old” Civil Service Retirement System or the “new” Federal Employees Retirement System. But FERS isn’t that new any more. It includes many employees who have accumulated 30 or more years of federal service. And ...

What Really Happens When You Change Health Plans

January 15, 2015 If you changed health plans during the 2014 open season, you might find yourself in uncharted waters this year. I’ve been talking lately to some of my retiree friends who heard (from me) about the new Aetna Direct plan that was designed especially for retirees who have Medicare Parts A ...

The Index: 2015 Edition

January 8, 2015 The year 2015 begins my 10th year of writing the Retirement Planning column. It’s been an honor and a pleasure to provide this weekly update to help you prepare for your retirement. My husband fully retired from federal service last month and while I’m going to continue my work for ...

Beware of Scams

December 18, 2014 Many federal employees and retirees have amassed large balances in their Thrift Savings Plan accounts. That gives them some long-term retirement security, but it also exposes them to targeting by scammers who want a piece of their nest eggs. No one wants to be misled by unscrupulous sales people. Unfortunately, ...

The TSP by the Numbers

December 11, 2014 This week, the Thrift Savings Plan held its quarterly meeting of personnel and payroll office representatives. This is when new and updated information is disseminated to agencies to share with their employees. I thought it would be interesting to take a look at the latest numbers for the plan, as ...

Last Chance to Save Some Bucks on Health Insurance

December 4, 2014 The 2014 health benefits opens season will end on Monday, Dec. 8. For most of you, this will be the last chance to evaluate your health care choices until the next open season. There are a lot of reasons for federal employees and retirees to consider changing their current coverage ...

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. ...