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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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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 ...

Health Insurance Questions and Answers

March 6, 2014 Last week, we covered the subject of the relationship between Medicare Part B and the Federal Employees Health Benefits Program. Not surprisingly, this topic received a big response. Many readers commented that it is a good idea for retirees to have both Medicare Part A and Part B coverage, along ...

The Big Health Insurance Question

February 28, 2014 Turning 65? If you are like most federal retirees and employees, you might be feeling confused and unsure of how Medicare will work with your Federal Employee’s Health Benefits Program coverage. This is a topic that always gets a lot of questions and some debate during my pre-retirement seminars. Most ...

The TSP’s New Millionaires

February 21, 2014 Saving a million dollars for your retirement is quite an accomplishment. Saving a million dollars in an average of 25.7 years in the federal Thrift Savings Plan is a really big accomplishment. As of December 2013, more than 1,600 TSP participants can say that they have done just that. Some ...

Is the Grass Really Greener?

February 14, 2014 In the past couple of weeks, we’ve been exploring the issue of whether to stick it out in a federal career or make the leap to the private sector. That prompted some requests for help in evaluating the “should I stay or should I go?” question. Let’s look at a ...

Don’t Go, Please Stay

February 6, 2014 Last week’s column, To Stay or Not to Stay in Government, which featured my advice to a federal manager considering a jump to the private sector, hit a nerve with many readers. The benefits of a full career of federal employment and service came through loud and clear in the ...

To Stay or Not To Stay in Government

January 31, 2014 Last week, I wrote about my experience talking to “Heather,” a 36-year-old-federal employee. Here are the basics of Heather’s situation: Age 36 with 10 years of federal service; in the Federal Employees Retirement System. TSP balance: more than $200,000. Employed as a GS-14 project manager in the Washington area, at ...