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 71-80 of 426

About That Backlog…

April 19, 2013 As most federal employees have heard, especially those who are near retirement, there’s a substantial backlog of retirement claims at the Office of Personnel Management that haven’t been fully processed and are awaiting review. As of the end of March, the backlog stood at 36,603 claims. That’s a lot less ...

Required Payouts

April 12, 2013 Last week’s column, Understanding Your TSP Options, left at least one commenter wanting to know more about the issue of required minimum distributions from the Thrift Savings Plan: I would like to hear more about payout options because I don't think it's wise to leave money in the TSP past ...

Understanding Your TSP Options

April 5, 2013 Since April is Financial Literacy Month, I’ve decided to devote this week’s column to helping you gain a better understanding of your Thrift Savings Plan investment choices. At the end of 2012, TSP plan assets stood at $330 billion, with 4.6 million participants. This translates to an average participant balance ...

Preparing in Advance

March 29, 2013 This week’s column is inspired by a pamphlet prepared by the National Active and Retired Federal Employees Association for its members. The publication is called “Be Prepared for Life’s Events.” NARFE formed in 1921, the year after Congress passed the law creating the Civil Service Retirement System. It represents the ...

Thinking About Insurance, Part Two

March 22, 2013 Last week, we began looking at how the need for various types of insurance changes as you progress through your career, focusing on the first two stages of the typical working life: early- and mid-career. This week, let’s look at the latter two stages: pre-retirement and retirement. Pre-Retirement Health Insurance: ...

Don't Cancel Your Health Insurance if You're Furloughed

March 21, 2013 Federal employees across government are concerned these days about the possibility of widespread furloughs. Some are clearly beginning to plan for the prospect of losing a portion of their income -- but maybe not in the best way. According to the Office of Personnel Management, some employees are calling the ...

Thinking About Insurance Early

March 15, 2013 Your working life can be divided into four stages: early career, when your adult life is beginning to take shape; mid-career, where you may have a growing family and increasing financial responsibilities; pre-retirement, when the kids may be grown and you have an empty nest; and retirement years, with more ...

Cliff Divers, Worker Bees and Retirees in Training

March 8, 2013 I recently received an email with this unusual question: “Should I stop/reduce contributing to my Thrift Savings Plan because I am 65?” The emailer referred to a recent column in the Wall Street Journal by Carolyn T. Geer, entitled “How to Get to Retirement? Practice!,” noting that in it an ...

Retirement Resources

March 1, 2013 If you are planning to retire between today and June 30 (which is one of the best dates to retire if you’re under the Federal Employees Retirement System) or July 3 (an optimum day for those under the Civil Service Retirement System), then it is time to begin to figure ...

What You Need to Know During a Furlough

February 22, 2013 For some (though not all) federal employees, the threat of furloughs as a result of looming budget sequestration is real, and agencies are beginning to prepare for the possibility. Here are some things you should be aware of and resources you might want to have at your disposal if the ...