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.tammyflanagan.com and provides individual counseling as well as online training for the National Active and Retired Federal Employees Association, Plan Your Federal Retirement as well as 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 508

Why You Should Care About the Long Term

April 28, 2016 If you purchased federal long term care insurance before Aug. 1, 2015, it’s time to brace yourself for another increase to premiums this summer. You may recall that in 2009, premiums rose up to 25 percent for some enrollees in the Federal Long Term Care Insurance Program. Then, those who...

Social Security: To Delay or Not to Delay?

April 21, 2016 Federal retirees under both the Civil Service Retirement System and the Federal Employees Retirement System earn a government pension and have the opportunity to accrue investment income in the Thrift Savings Plan. Nevertheless, Social Security can still be a significant part of a federal employee’s retirement package. The Social Security...

Buying a Bigger Retirement Benefit

April 14, 2016 Last week, we looked at the importance of service credit in the federal retirement planning process. This week, let’s dig deeper into the issue of service credit deposits and redeposits. In general, such deposits come into play in cases where you have performed federal service without having retirement deductions withheld...

Are You Getting the Credit You Deserve?

April 7, 2016 In my experience, among the most confusing topics for federal employees planning for retirement is the issue of service credit and service credit deposits. This is an important topic because service credit plays a very important role under both the Civil Service Retirement System and the Federal Employees Retirement System....

Are Your Retirement Dreams Realistic?

March 31, 2016 The history of federal employee retirement systems dates back less than 100 years. The Civil Service Retirement System was created in 1920, the Social Security system was signed into law in 1935 and the Federal Employees Retirement System, with its Thrift Savings Plan, came along in 1986. For decades, employees...

Winning the Three-Legged Race to Financial Security

March 24, 2016 Financial planners have long used the term “three-legged stool” to characterize retirement income, which traditionally has been based on a pension, Social Security benefits and personal savings. For many private-sector employees, the first leg of that stool is a thing of the past. But many current and future federal retirees...

Tips and Tricks for a Smoother Retirement

March 17, 2016 According to the Office of Personnel Management, as of fiscal 2014, 2.7 million federal employees were covered under one of the government’s two main retirement systems -- the Civil Service Retirement System and the Federal Employees Retirement System. At this point, more than 90 percent of them are in FERS....

Breaking Up Is Hard To Do

March 10, 2016 Sometimes, life comes with unpleasant surprises. From a financial planning and retirement preparation perspective, one of the most difficult is divorce. This week, I asked Dan Jamison, a CPA and retired FBI special agent, to share some information that might help those going through this process. Dan specializes in assisting...

A Fresh Look at How Much Money You Need To Retire

March 3, 2016 The Government Accountability Office this week released a report assessing the latest data on how much income people need in retirement. The study sought to evaluate how retirement replacement rates are developed to gauge whether a target of 80 percent of pre-retirement income is accurate for employees to use when...

The New Rules of the Social Security Game

February 25, 2016 A couple of weeks ago I wrote about changes to Social Security claiming strategies for couples that are taking effect in 2016 after passage of budget legislation late last year. There was not a lot of clarity about the new law at the time, but things have become clearer because...