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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Thinking About Getting Out of Government? Here’s What You Need to Know

July 27, 2017 Lately, it seems like I’ve been conducting seminars for as many mid-career employees as for those nearing retirement. It’s great to see younger workers planning for the future. One difference with midcareer employees is that many of them aren’t planning to complete their careers as federal employees. I always try...

4 Things You Need to Know About Retirement Rules

July 20, 2017 On many occasions, someone tells me that they’re worried that there is something about their retirement that they may not realize that they don’t know. Often, this is why they attend a retirement seminar or end up hiring a professional to provide advice. There are good reasons for federal employees...

Weighing Your Life Insurance Options

July 13, 2017 In last week’s column, we took a look at the Federal Employees Group Life Insurance program. FEGLI is a form of group term life insurance. It has no cash value, and once you’re insured, you can choose to keep it throughout your life. For most of people, term life insurance...

Your Money and Your Life Insurance

July 6, 2017 As federal employees plan for retirement, it’s important that they reevaluate their insurance needs. This includes health, long-term care, and life insurance. The unexpected need for expensive medical care, personal care due to a physical or mental impairment or an untimely death can throw a monkey wrench into the best-laid...

Two Medicare Questions You Need to Think About

June 29, 2017 Whether you are turning 65, getting ready to retire, or just gathering information to become better informed, you may need some guidance when it comes to Medicare enrollment and benefits. There are two important questions for federal employees and retirees to consider about Medicare: How does adding Medicare help provide...

Beware of Benefits Scams

June 22, 2017 Through careful planning over years of government service, many federal workers have transitioned from employee to annuitant and are living their retirement dream. Unfortunately, some retirees have also endured nightmares. Along with large Thrift Savings Plan accounts and substantial retirement benefits come scammers and con artists who would like to...

The Hidden Cost of Federal Health Plans

June 15, 2017 Did you know that more than 25 percent of total spending under the Federal Employees Health Benefits Program goes to prescription drugs? Rising drug prices and increasing drug utilization continue to drive up FEHBP premiums. Every year, the Office of Personnel Management sends a call letter to all FEHBP carriers....

With Cuts on the Table, Is It Time to Go?

June 8, 2017 I’ve received a lot of emails lately about the proposed changes to federal retirement benefits included in President Trump’s budget submission to Congress. Employees are asking if they should move up their retirement date to August or September so they can leave before the new fiscal year begins on Oct....

Benefits Cuts and the President’s Budget

June 1, 2017 There’s been a lot of news lately about the release of President Trump’s proposed budget on May 23. Of greatest concern to the readers of this column are proposals to make significant and substantial changes to the two federal retirement programs: the Civil Service Retirement System and the Federal Employees...

The Perils and Pitfalls of Retiring Really Early

May 25, 2017 Last week, we explored the possibility of joining the FIRE (financial independence/retire early) movement as a federal employee. It involves aggressively saving and investing in the hope of retiring as early as age 45. There are some specific issues that federal employees would need to carefully consider before pursuing such...