AUTHOR ARCHIVES

Tammy Flanagan

Tammy Flanagan has spent 30 years helping federal employees take charge of their retirement by understanding their benefits. She runs her own consulting business at www.tammyflanagan.com and provides individual counseling as well as online training for the National Active and Retired Federal Employees Association, Plan Your Federal Retirement as well as the Federal Long Term Care insurance Program. She also serves as the senior benefits director for the National Institute of Transition Planning Inc., which conducts federal retirement planning workshops and seminars.

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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Are You Mentally Prepared for Retirement?

October 12, 2017 It is important to visualize a life after your federal career has ended. Some people may want to ease into retirement. Congress created a phased retirement option in 2012. Not all federal employees are eligible for it, but some agencies have implemented the option for those who are. Assuming your...

When Can You Retire?

October 5, 2017 I get this question a lot: When can I retire? The person asking sometimes means When am I eligible to retire? or When can I afford to retire? Every once in awhile, it means When will I know I am ready to retire? The eligibility question is easy. Under CSRS...

What Makes the FERS Supplement Special

September 28, 2017 The Federal Employees Retirement System annuity supplement is important for those covered under FERS who plan to retire before turning 62, but it is especially significant to those who must retire early under special provisions that apply to certain groups of employees: law enforcement officers, firefighters, air traffic controllers, National...

How Ready Are You For Retirement? A Quick Quiz

September 21, 2017 Whether you’re concerned about proposed congressional changes that could impact your future retirement benefits or you’re simply at or near eligibility for retirement, you may have been thinking lately about your future plans. If you’re considering leaving sometime soon, it’s a good idea to think about how prepared you are....

Potential Benefits Cuts: Where Things Stand

September 14, 2017 Earlier this year, I wrote about the proposed cuts to federal retirement benefits included in President Trump’s budget. Here, to recap, is what the budget proposal included: Cost-of-living allowances for current and future FERS retirees would be eliminated altogether. COLAs for CSRS retirees would be reduced by 0.5 percent each...

Best Dates to Retire 2018

September 7, 2017 Download the Best Dates to Retire 2018 Calendar Once you’ve made the decision that you’re ready to retire, it’s time to select a specific date within your desired timeframe. Last week’s column provided a general guide to deciding when to go. Now let’s look at some specifics related to picking...

Picking a Date to Retire

August 31, 2017 Is there such a thing as a best date to retire? I should probably know by now, because I’m known for coming up with an annual calendar of such dates. As more and more federal employees are now retiring under the Federal Employees Retirement System, I have been rethinking the...

How to Know When It’s Time To Go

August 24, 2017 Over the next couple of weeks, I’ll be exploring a topic of perennial interest—picking the best date to retire. But before I do that, I thought it would be worth taking a quick look back at the subject of deciding whether and when to leave government. So here, in case...

Why Your Retirement Income May Depend on Where You Live

August 17, 2017 There are lots of different taxes in this country: federal income, state income, capital gains, sales and property, to name a few. When it comes to planning for retirement, it’s important not to forget about taxes. In previous columns on taxes, I’ve focused mostly on federal income tax, but today,...

3 Things You May Not Understand About the TSP

August 10, 2017 In last week’s column, we got into some Thrift Savings Plan issues that were fairly complicated, such as whether or not to take a lump-sum payment and use it to eliminate debt. This week, the TSP is the focus again, but I’ll keep things a little more simple. Here are...