AUTHOR ARCHIVES

Tammy Flanagan

Tammy Flanagan has spent 30 years helping federal employees take charge of their retirement by understanding their benefits. She runs her own consulting business at www.retirefederal.com and provides individual counseling as well as online training for the National Active and Retired Federal Employees Association, Plan Your Federal Retirement and the Federal Long Term Care insurance Program. She also serves as the senior benefits director for the National Institute of Transition Planning Inc., which conducts federal retirement planning workshops and seminars.

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 1-10 of 651

Federal Retirement Facts: A True-False Quiz

February 21, 2019 Regular readers of this column know that every so often, I surprise you with a pop quiz. Well, the time has come around again. Below are several statements about federal retirement benefits, Social Security, the Thrift Savings Plan and other subjects. It’s your job to determine which are true and...

Do You Need a Financial Adviser?

February 14, 2019 After conducting a webinar recently for the National Active and Retired Federal Employees Association called “Four Simple Steps to a Smooth Retirement,” I received dozens of requests for information about working with a financial adviser. I’m not a financial adviser myself, but I think it’s important to ask yourself the...

Financial Lessons from the Shutdown

February 7, 2019 In the aftermath of the 35-day partial government shutdown, many federal employees, contractors and others who have their livelihoods linked to government operations realized just how close to the financial edge they have been living. Thousands of furloughed government workers, who missed two paychecks, struggled to cover the costs of...

Answers to Questions You Hope You Never Need to Ask

January 31, 2019 There are a number of questions I don’t normally cover in this column and I thought today might be a good time to address them. They’re generally questions people don’t think to ask—the ones you hope you never need to ask. But as with most difficult subjects, it’s better to...

How to Seek Help and Advice

January 24, 2019 I believe that planning for retirement requires about 75 percent common sense, 20 percent luck and only 5 percent skill. But one of the most important retirement planning skills is the ability to ask clear and direct questions. This may seem like it falls under the category of common sense,...

The Index: 2019 Edition

January 17, 2019 Those who have been following this column for a few years (this month begins year 14!) may know the annual index is a regular feature that is updated to include the newest columns, along with past columns that remain relevant. This year, it features three new topics: Testing Your Retirement...

Taking Stock of Your TSP

January 10, 2019 Have you peeked at your Thrift Savings Plan balance lately? It’s been a rocky time in the financial markets over the past few months, so you may be seeing a lot of red ink and feeling a little uneasy. At times like this, you may need to step back and...

What the Shutdown Means for Your Retirement

January 3, 2019 Due to the ongoing partial government shutdown, more than 300,000 federal employees are currently on furlough without a guarantee of back pay. An additional 500,000 are working but facing delayed paychecks. Because the end of the year is a popular time to retire, some employees may have spent their last...

If You’re Confused About Survivor Benefits, You’re Not Alone

December 20, 2018 I recently received the following email from a reader that made me realize there may be some confusion regarding the various survivor benefits payable from federal employee retirement benefits: I would appreciate your advice on the following question: If I take out a joint annuity with 50 percent survivors benefit...

Why Retirement Processing Takes So Long

December 13, 2018 The busiest time of the year for retirement claims processing at the Office of Personnel Management is fast approaching. At the end of November, OPM had an inventory of 19,162 unprocessed retirement applications. This will most likely significantly increase over the next few months, because many federal employees plan their...