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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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," ...

Spousal Benefits

March 10, 2006 If you are married, have you begun to evaluate the kinds of benefits under CSRS and FERS that your spouse will be eligible for if he or she lives longer than you? Providing an annuity for a surviving spouse is generally a win-win situation, and the federal government has very ...

You Can Afford To Retire!

March 3, 2006 Even some federal employees who have met the age and service requirements for retirement after a full career don't know whether they can afford to retire. No matter what career stage you're in, it makes sense to improve your financial literacy and evaluate your retirement readiness. Some financial planners use ...

Military Service Payback

February 24, 2006 In the last two columns, we looked at two of the three different kinds of service credit deposits (additional payments employees make into their retirement funds to get credit for previous federal service): nondeduction service credit payments and redeposits of CSRS refunded contributions. This week, in the last of our ...

Redepositing CSRS Refunds

February 17, 2006 Last week, we began our review of the three different kinds of service credit deposits -- additional payments into your retirement fund based on previous federal service -- by discussing nondeduction service credit payments. This week, we'll look at redeposit of CSRS refunded contributions. Solution Redeposits are sums of money ...

Buying Retirement Credit

February 10, 2006 Of all the federal retirement planning topics, service credit deposits -- involving payments into your retirement fund -- is probably the most technical. You will need to get assistance from your Office of Human Capital (personnel office) if you have a deposit decision to make. To help you get started, ...

A Great Date to Retire

February 3, 2006 Every year, thousands of federal employees consider whether and when to retire. If you don't know the rules, you could select the wrong date and cost yourself hundreds or even thousands of dollars. Here's what you need to know to pick the best date for you. Solution The best dates ...

Getting Credit

January 27, 2006 Editor's Note: This is the first edition of our new weekly column on federal retirement issues. In each column, veteran federal benefits expert Tammy Flanagan will offer information and hands-on advice for employees at all stages of their careers. To sign up to receive the column by e-mail, click here. ...