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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.

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Take Charge of Your Retirement

May 8, 2014 In 1985, I began a new position at FBI headquarters in Washington as a retirement counselor. This position laid the groundwork and provided the training for my future career as a retirement specialist that I continue today. My official title was Employee Relations Specialist-Employee Benefits, and my duties included communicating ...

The 4 Keys to Boosting Your Savings

May 1, 2014 Some of you may not believe this, but I still find federal employees who think they’re limited to contributing 10 percent of their salary to the Thrift Savings Plan. I suppose I shouldn’t be surprised, given that 22 percent of federal employees under 45 don’t even save 5 percent of ...

You May Be Better Off Than You Think

April 24, 2014 Many federal employees are worried that they may not be financially ready to retire and aren’t really sure how to determine when the time is right. Here are some recent comments and questions I’ve heard at my pre-retirement seminars: I will have 30 years and nine months of service on ...

Found Money

April 17, 2014 Everyone likes “found money”—those few extra bucks you find in the pocket of an old jacket in the closet, or that wadded up $10 bill in a pair of jeans headed for the laundry. This week, I want to share a few ways you might be able to find some ...

Advice From a TSP Millionaire

April 10, 2014 As we continue to celebrate Financial Literacy Month, I’ve been thinking about a column I wrote in February about one of the Thrift Savings Plan’s newest millionaires, Jim, who had just achieved a seven-figure balance in his TSP account and was getting ready to retire from his federal job. Now ...

The 5 Percent Solution to Retirement Security

April 3, 2014 It’s April, and that means warmer temperatures are finally here and it’s time to plant flowers. It also means it’s time to consider your financial literacy. For more than 10 years, April has been officially designated as Financial Literacy Month in the United States. (Maybe that has something to do ...

What Happens to Your Life Savings?

March 27, 2014 Some people might think that if they time it just right, they’ll spend all the money they’ve saved for retirement and die penniless. But more often than not, this is not the case. And that’s actually a good thing, don’t you agree? Before we had the Thrift Savings Plan and ...

Is Paperless Retirement Processing the Answer?

March 20, 2014 Advances in technology are improving our lives every day. But when it comes to federal retirement benefits processing, there’s a long way to go. New retirement claims are still being processed manually with paper retirement application forms and printed documentation of federal service records. The result is long delays and ...

Retirement Quiz: The Basics

March 13, 2014 It’s quiz time! I’ve designed this one to cover some of the basics, with relatively new federal employees in mind. But midcareer and pre-retirement age federal employees may also find they have a few things to learn. There is no minimum age to make contributions to an Individual Retirement Arrangement. ...

Answers to Retirement Quiz: The Basics

March 13, 2014 Click here to return to the quiz a. True. Anyone can make IRA contributions as long as they have earned income. A parent can contribute to an IRA for a child up to the annual amount of the child’s earned income or to the amount set by law each year ...