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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.

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Ready to Go? Here’s What You Need to Do First

October 18, 2018 The number of federal employees who filed for retirement jumped 24 percent in fiscal 2018. If you are planning to become part of the growing group of people transitioning into retirement, there are some important steps to follow to make sure the process goes smoothly. To help you understand them,...

Pop Quiz: Can You Tell Truth From Fiction in Federal Retirement?

October 11, 2018 I’ve been hearing a lot of false rumors lately, which tells me it’s time for another pop quiz to test your knowledge. Below are 10 statements I’ve heard recently from retirement specialists, financial advisers, federal employees and retirees. Some of them are true and some are false Can you tell...

Don’t Believe Everything You Read

October 4, 2018 By now, all of us have come into contact with false information, especially when it’s spread via social media. Sometimes, this happens in the federal retirement world. A client recently wrote to me in a panic because she had read that if she retired under the postponed MRA+10 retirement provisions...

3 Things To Do This Open Season

September 27, 2018 This week, the Office of Personnel Management made its annual announcement about premiums under the Federal Employees Health Benefits Program. The good news is the average premium increase, 1.5 percent, is the lowest since 1996. The bad news is if your plan is increasing its premium by $500 per month,...

Best Dates to Retire 2019

September 20, 2018 Download the Best Dates to Retire 2019 Calendar It’s time for our annual look ahead at the best dates to retire in the next year. As always, your retirement coverage under the Civil Service Retirement System (including CSRS Offset) or the Federal Employees Retirement System (including transfers to FERS) will...

Making a Date With Retirement

September 13, 2018 Next week, I’ll present my annual Best Dates to Retire column. I look forward to preparing it every year. It’s a particularly popular topic as employees get closer to retirement under either the Civil Service Retirement System or the Federal Employees Retirement System. Helping people select the best retirement date...

The Power of TSP Savings

September 6, 2018 I recently went through some old documents that I’ve saved since 1987, and found the first Thrift Savings Plan open season brochure. It estimated that a federal employee with an average salary who saved 5 percent of basic pay in the TSP eventually would have about a third of their...

Medicare Disadvantage

August 30, 2018 A couple of weeks ago, I wrote about whether federal employees and retirees should consider enrolling in Medicare parts A and B (covering inpatient and outpatient care) when they reach age 65. You may wonder if you should also enroll in Medicare Part C (known as Medicare Advantage) and Part...

Don’t Overestimate Your Expected Income

August 23, 2018 They say time flies when you’re having fun. To me, it seems like yesterday that I was first learning about the Thrift Savings Plan and how it fit into the three-tiered Federal Employees Retirement System. That was in 1987, when investing for retirement was a new concept for most federal...

The Most-Asked Federal Retirement Question

August 16, 2018 Are you unsure about whether you should enroll in Medicare after you’re retired if you’re also covered under the Federal Employees Health Benefits Program? If so, you’re not alone. The number one query I get in my email inbox starts something like this: “I have a simple question for you....