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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.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 11-20 of 496

Don’t Forget to ‘Turn On’ Your Benefits

November 5, 2015 I’m often asked what steps federal employees need to take to receive their benefits after retirement. As with most questions in life, the answer can be complex. Once an employee determines they are eligible for retirement -- and that they can afford to retire -- they must decide how and...

How Divorce or a Job Change Could Derail Your Financial Plan

October 29, 2015 As federal employees close in on retirement, I often get some last minute questions, the answers to which can have a big impact on your post-career life. Here are a few that are at the top of the list: I was divorced during my federal career. How much of my...

Open Season Trick or Treat

October 22, 2015 Since its inception in 1960, the Federal Employee’s Health Benefits Program has offered only two enrollment types, but now it’s finally offering a third option for a family of two. According to the Office of Personnel Management, Self Plus One enrollment allows you to cover yourself and one eligible family...

Looking for Expert Advice? TSP Has It.

October 15, 2015 My previous two columns have focused on working with a financial professional to manage your Thrift Savings Plan investment. But it’s important to know that the TSP itself is a good resource. Today, I will share some tips from TSP Supervisory Training and Liaison Specialist Randy Urban, who took part...

Why Your Retirement Spending Estimates Are Probably Wrong

October 8, 2015 This week, I thought it would be interesting to conduct a roundtable interview with five financial planners who work with federal employees. I spoke with Diana Davis from Money Concepts; Karen P. Schaeffer with KarenSchaeffer Financial, LLC; Micah Shilanski at Shilanski & Associates Inc.; Kristina E. M. Sturgis, with Valenstein...

Who Can You Trust?

October 1, 2015 The Thrift Savings Plan recently sent a brochure to agencies offering guidance for choosing vendors for financial planning events. But federal employees face a similar challenge—finding qualified financial advisors who act in a worker’s best interest as they consider what to do with the TSP after retirement and how to...

Be Ready for the Long Term

September 24, 2015 A few weeks ago, I shared a “Dear Kids” letter from a father to his adult children about the importance of planning for retirement. As I was thinking about that letter, I realized it’s also a good idea to let your family know how you’re preparing for long term care...

Beware of Hucksters

September 17, 2015 I’ve conducted a lot of retirement planning seminars over the course of my career. I’ve taught at least 3,000 federal employees the basics about their benefits in the past year -- over 100,000 during my career. There aren’t very many of us who conduct such classes for federal employees, so...

Risk and Retirement: Managing Your TSP Investment

September 10, 2015 A new law requires the Thrift Savings Plan to invest the automatic contributions of recently hired federal employees into an age-appropriate lifecycle fund. Eric Katz outlined this change to the TSP under the Smart Savings Act, which President Obama signed into law in December 2014. The G Fund previously was...

Pay Attention: Nobody Else Is Going to Fund Your Future

September 3, 2015 It's never too early to start planning for retirement. I recently was copied on a letter from a dad (federal employee, Scott Stoddard) to his four children after a recent family reunion. Here is what he said: Dear Kids, Please seek retirement counseling ASAP–as early on in your career as...