AUTHOR ARCHIVES

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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Leaving Early

May 19, 2006 According to the Office of Personnel Management, more than 5,000 federal employees resign every month. If you've considered leaving your job before you're eligible to retire, have you considered what benefits you will take along? Retirement Federal employees contribute to their retirement plans at the rate of 7 percent of ...

Who’s Your Beneficiary?

May 12, 2006 One important tasks in retirement planning is thinking about how you want to designate who will get lump-sum benefits related to your federal service. Beneficiary forms are among the most litigated pieces of paperwork in the federal government. Designations of beneficiaries must be in writing, signed by the designator, witnessed ...

Voluntary Benefits

May 5, 2006 Do you want a safe place for your savings that will provide a 4.125 percent rate of return this year with tax-deferred growth? Are you looking for a way to invest more than the annual limit on Individual Retirement Arrangement contributions? Would you want to buy yourself an increase to ...

More on Medicare

April 28, 2006 In last week's column, we looked at the basics of Medicare A, B and C. This week, we'll address the military health benefit known as TRICARE for Life, which coordinates with Medicare A and B. And we'll finish up by looking at the new Medicare Part D program, covering prescription ...

Medicare ABCs

April 21, 2006 Medicare is nothing more than health insurance, primarily for people 65 or older. But the program remains a mystery to many federal employees, beyond the 1.45 percent hospital insurance tax deducted from their salaries. The relationship between Medicare and the Federal Employees Health Benefits Program (FEHBP) can be especially puzzling. ...

Best of Both Worlds

April 14, 2006 My horoscope said I'm in a position to lead a confused person by the hand today. So that's just what I intend to do -- at least if it's the retirement coverage plan called Civil Service Retirement System Offset that's confusing you. CSRS Offset is a version of CSRS established ...

CSRS vs. FERS: The Reaction

April 7, 2006 Last week's column comparing CSRS to FERS certainly attracted a lot of feedback. I expected some skepticism, but not the level of hostility in some of the responses. I was trying to make FERS employees feel better about their future; it seems that some of them think I need to ...

CSRS vs. FERS

March 31, 2006 Which federal retirement system is better? If you ask most employees, they seem to think the Civil Service Retirement System provides more generous benefits than its newer counterpart, the Federal Employees Retirement System. Even though most employees don't have any control over which system they're in, there are several reasons ...

Withdrawal Options

March 24, 2006 Editor's Note: Be sure to watch Tammy Flanagan's appearance on GovExecTV's FedCast, starting Monday, March 27. A big decision you will face when you begin retirement planning is what to do with the funds in your Thrift Savings Plan account. The procedure appears painless because your choices are laid out ...

Really, You Can Retire!

March 17, 2006 My recent column on projecting your retirement income attracted a lot of reader feedback. Here are excerpts from some of the messages I received, with my responses: When proposing retirement calculations, please use a more statistically "average" retiree for your calculations. [According to] the Federal Civilian Workforce Statistics "fact book," ...