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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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Best Dates to Retire 2015

June 12, 2014 Download the Calendar: Best Dates to Retire 2015 Are you financially ready to retire? Consider all your potential sources of retirement income: Will they provide enough money to cover your expenses for the next 20 to 30 years or more? Are you mentally prepared? Are you looking forward to your ...

One Big Advantage of Retiring

June 5, 2014 I’ve met some very good federal retirement specialists over the years. One of them, Denise, recently wrote to let me know she won’t be there the next time I lecture at her agency. She’s not retiring from her job; she’s just retiring from her long commute by transferring to another ...

Taxes: Past, Present and Future

May 29, 2014 Generally, I keep this column limited to the basics of federal retirement benefits, but sometimes I like to dig a little deeper. This week, my inspiration comes from the following comment on my May 1 column, The 4 Keys to Boosting Your Savings: May I suggest a similar column illustrating ...

Retirement Readiness: How Do You Stack Up?

May 22, 2014 Last week marked the debut of our Retirement Readiness Assessment, a new tool aimed at helping federal managers and employees get a better handle on where they are in the retirement planning process. The assessment poses a series of questions on topics ranging from the Thrift Savings Plan to paperwork ...

Test Your Retirement Readiness

May 15, 2014 Are you really ready to retire? If that question has been on your mind lately, you’re certainly not alone. Thousands of federal employees at all stages of their careers are contemplating where they stand in the retirement planning process. To help you gain a better understanding of how you’re doing, ...

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 ...