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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.

Results 11-20 of 476

TSP Quiz: The Answers

June 25, 2015 Here are the answers to the June 25, 2015 TSP Quiz. 1. b. The TSP says you should begin making plans for how you will withdraw some or all of the savings in your TSP by submitting your withdrawal request no later than the end of February after you are...

How Your Retirement Nest Egg Adds Up

June 18, 2015 I like to think of the Thrift Savings Plan as the icing on the cake of the Federal Employees Retirement System. For many federal retirees, the TSP will play the starring role in a financially comfortable retirement. Since 1987, federal employees have been able to use the TSP to save...

10 Things You Need To Do Before Leaving Government

June 11, 2015 This week, I had the opportunity to attend the annual Women In Federal Law Enforcement conference. It included sessions devoted to “You and Your Federal Career.” The range of knowledge about retirement from the women in attendance--who ranged from relatively new employees to those retiring within the next five years--was...

What You Need to Know About Taxes

June 4, 2015 If you are planning to retire in the near future, there may be things that you don’t know you don’t know. You know? One of those things may be tax planning. Over the years, I’ve learned a lot about taxes from friends and associates like Micah Shilanski and Bob Leins....

A Retirement Readiness Checklist

May 28, 2015 Last week’s column ended with a question: When is the best time to retire? In my seminars I describe it this way: It’s when you are financially and mentally ready for this change in your life -- with a little magic thrown in for good measure. The magic is when...

How to Know When It’s Time to Go

May 21, 2015 Last week’s column sparked a discussion on deciding when to retire. Some federal employees are eager and able to retire early, while others feel the need to keep working much longer. This discussion serves as a reminder that retirement planning is not like a Ron Popeil rotisserie oven--you can’t just...

The Difference Between a Supplement and Social Security

May 14, 2015 Those who have spent a long career in government and are covered under the Federal Employees Retirement System are eligible for a benefit known as the FERS Supplement. (I’ve written about the supplement in the past.) To get the supplement, you have to be younger than age 62 at retirement...

Not Exactly Getting Rich

May 7, 2015 Last week, I took a fresh look at the Windfall Elimination Provision, which affects the Social Security benefits calculation for those covered under the Civil Service Retirement System, because they did not have Social Security taxes withheld from their salaries. According to the Congressional Budget Office, as of this year,...

When is a Windfall not a Windfall?

April 30, 2015 What if the government got rid of the Windfall Elimination Provision? Well, it did in April for some retirees--but unfortunately not those covered under the Civil Service Retirement System. More on that in a bit. First, a little background. Congress created the WEP in 1983 as a way to level...

How About Some Good News?

April 23, 2015 In 1974, Rufus and Chaka Khan released "Tell Me Something Good," a catchy tune written by Stevie Wonder. It was one of those songs that made you turn up the volume and roll down the windows, so I’m using it as inspiration this week. With so much negative news about...