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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Beware of Scams

2:56 PM ET 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. ...

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 ...