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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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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....

Retired, But Still Working

August 9, 2018 An essential part of retirement readiness is planning for your life after retirement. Many of my friends and associates are making this transition and I’m beginning to see a pattern. There are those who jump into retirement headfirst, like my husband. He adjusted naturally to life without an alarm clock,...

Here’s the Good News

August 2, 2018 One of the things I love about my job of helping federal employees understand their retirement benefits is that I mostly provide good news—and when the news isn’t great, there’s generally a reasonable solution to make it better. Most federal employees I talk to end up pleasantly surprised about their...

What Does That Word Mean?

July 26, 2018 How to do you ask for a drink at a restaurant? Do you order soda, pop, a soft drink, or a Coke? In some parts of the country, a request for a Coke is interpreted as simply asking for a carbonated beverage, not necessarily Coca-Cola. That can be confusing. The...

More Things To Consider When Making Your Annuity Election

July 19, 2018 Last week, we covered “13 Things to Know About Your Annuity Options,” which outlined some of the choices federal employees have to make when electing Civil Service Retirement System or Federal Employees Retirement System benefits. Those include spousal survivor benefit elections for maximum or partial survivor annuity; no survivor benefit...

13 Things to Know About Your Annuity Options

July 12, 2018 There are some very important factors to consider about your survivor annuity election that you need to understand by the time you file your application for Civil Service Retirement System or Federal Employees Retirement System benefits. Since this work week ends with Friday the 13th, I thought I would tell...

A Healthy Tax Advantage

July 5, 2018 Many federal employees are saving money on their taxes by making smart choices among their Federal Employees Health Benefits Program options. These choices include taking advantage of premium conversion benefits, in which health insurance premiums are deducted on a pre-tax basis, and participating in the flexible spending account program. (These...