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.

Results 61-70 of 426

How Much Money Do You Need to Retire?

June 28, 2013 For many years, magazines, newspapers and other media have promoted a rule of thumb for retirement planning: To retire comfortably, you must be able to replace 80 percent of your pre-retirement income. Over my years of teaching pre-retirement classes, I’ve observed that many employees are closer to the 80 percent ...

What To Do With Your TSP

June 21, 2013 If you’re like many federal employees, a big question you’ll have at retirement is what to do with the savings you’ve accumulated in your Thrift Savings Plan account. But before you can answer this big question, you must consider several other smaller ones: Are you going to continue to work ...

Phased Retirement: The Bottom Line

June 14, 2013 Last week, we looked at the proposed rules governing the new phased retirement option in government, under which an employee could choose to work part time while receiving a partial retirement benefit. This week, let’s look at how a pair of partial retirement scenarios would play out under the government’s ...

Let The Confusion Begin!

June 7, 2013 The option of a phased retirement -- being partly retired while working part-time -- is closer to becoming a reality in the federal government. This week, the Office of Personnel Management issued proposed rules for allowing employees to work a part-time schedule while beginning to draw federal retirement benefits. The ...

65 and Still Working

May 31, 2013 When it comes to retirement, 65 may be the new 45, at least for some people. With good health and better health care, many of us are feeling good and maintaining an active lifestyle well into our later years. I like to tell people attending my retirement seminars about a ...

Beneficiary Beware

May 24, 2013 You might want to keep this column attached to your TSP-3 beneficiary designation form. My associate Joe Sullender, senior vice president for investments at Wells Fargo Advisors, recently became aware of a potential tax consequence of leaving your Thrift Savings Plan balance to your spouse in a beneficiary participant account. ...

The Great Claims Processing Pileup

May 17, 2013 Last week, the House Subcommittee on Federal Workforce, Postal Service and the Census met to hear testimony on the following question: "Is the Office of Personnel Management Processing Federal Worker Pension Claims on Time?" Last month, I addressed the issue of the retirement backlog in a column. Dozens of people ...

Picking the Very Best Date to Retire

May 9, 2013 At a class I taught this week, an employee covered under the Federal Employees Retirement System shared two retirement estimates he had requested for dates at the end of this year and early next year -- specifically, Dec. 31, 2013 and Jan. 31, 2014. Those are both good dates for ...

Best Dates to Retire 2014

May 2, 2013 Download the Calendar: Best Dates to Retire 2014 It’s that time of year again. Are you thinking about retiring next year? This column is designed to help you find the most advantageous date for your departure. (If you’re planning to retire sometime this year, check out my Best Dates to ...

Pre-Retirement To-Do List

April 26, 2013 Are you one of the growing number of federal employees who are preparing to retire in the near future? If so, here’s a list of things that you should do to get ready: Attend any pre-retirement training that is available from your agency. This will be an opportunity to gain ...