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 433

Let the Open Season Panic Begin!

August 16, 2013 It isn’t even September yet, but there is a lot going on already in preparation for the 2013 Federal Employees Health Benefits Program open season at the end of the year. With the implementation of the 2010 Affordable Care Act under way, some employees and retirees are worried about its ...

Your Own Retirement Savings Plan

August 9, 2013 According to a Thrift Savings Plan report released in May, 146,000 Civil Service Retirement System employees currently contribute to a Thrift Savings Plan account. By comparison, more than 2 million employees covered under the Federal Employees Retirement System are putting money into the TSP, along with 312,000 FERS employees who ...

The Mystery of the Vanishing Service Credit

August 2, 2013 Regular readers of this column know that I’m a big proponent of making sure you keep your own copies of important personnel records, just in case you need them. This is particularly true at a time when the federal retirement system is switching over to electronic record-keeping, which, while more ...

You Can Afford to Retire! (2013 Edition)

July 26, 2013 This is an update of a column I wrote in 2006. With many employees enduring salary reductions due to furloughs, some are wondering what to do. Some of them are in a position to retire comfortably -- and don’t even know it. In a recent Washington Post column, a federal ...

10 Things You Probably Don’t Know About Federal Retirement

July 19, 2013 How much do you know about the federal retirement system? Do you think you could pass not only introductory and intermediate courses on retirement, but Retirement 301, too? If so, you’d have to get decent scores on all of the retirement quizzes I’ve offered over the years. Even if you ...

Midcareer Checklist

July 12, 2013 If you're like me, when you plan your summer vacation, you’ll make a list of what you need to do and bring, so you don’t forget anything important. You should treat your retirement the same way. Here’s a midcareer checklist to refer to as you evaluate your retirement goals. Review ...

Benefits and Same-Sex Marriage

July 5, 2013 For many years, I’ve been getting questions from federal employees in same-sex relationships about their ability to list their partners as spouses for survivor benefits and as family members for insurance benefits. I’ve always felt uneasy when I had to let them know this wasn’t possible, even though an opposite ...

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 ...