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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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 ...

How to Pick a Financial Adviser

September 11, 2014 One of the questions I get asked over and over at my seminars is: “How do I find a financial adviser who I can trust and who understands federal retirement benefits?” Sometimes, I get mistaken for such an adviser, since I talk about financial issues in the context of discussing ...

Retired and Rehired

September 4, 2014 The new phased retirement option has been getting lots of attention lately, but there are other options for continuing to work for government after retirement that have been around a lot longer. In fact, there are three of them. Personal Services Contractor The first involves an agreement between a retiree ...

Phased Retirement: Case Studies

August 28, 2014 With all the news lately about the upcoming phased retirement option for federal employees, many people are considering whether it makes sense for them. To help clarify the issues at stake, let’s look at a couple of case studies, one for an employee under the Federal Employees Retirement System and ...

A Phased Retirement Q&A

August 21, 2014 Clearly, a lot of federal employees are interested in the idea of stepping gently into retirement using the new phased retirement option being unveiled this fall. I’ve received quite a few questions from employees about how phased retirement will work. The answers to some of them will have to wait ...

Here’s Some Good News About Your Retirement Benefit

August 14, 2014 Are you in the mood for some encouraging news? Every year, the Congressional Research Service issues a report called, “Federal Employees’ Retirement System: Budget and Trust Fund Issues.” This year’s report states that there is no point over the next 80 years at which the assets of the Civil Service ...

5 Things Agencies Must Do To Implement Phased Retirement

August 14, 2014 Last week, the Office of Personnel Management finally issued regulations implementing a phased retirement option for federal employees. Under the rules, eligible employees will be able to draw half of their retirement annuities while working half time at federal agencies. Employees will be able to begin submitting applications for phased ...

5 Myths About Federal Retirement

August 7, 2014 One of the things I enjoy most about teaching classes and conducting webinars on the topic of pre-retirement planning is when I can bust a myth that is standing in the way of someone meeting his or her retirement goals. Sometimes these myths have been circulating so long that they’ve ...

Can You Count On Social Security?

July 31, 2014 This week, I’m in Ocean City, Maryland, with my husband’s sister and her husband, Joe. They are typical American workers who are approaching retirement, so we spent a little time talking about Social Security. Joe works for the local government near our hometown near Pittsburgh, as the chief building inspector. ...