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 31-40 of 587

Should You Take a Buyout?

April 20, 2017 Earlier this week, Eric Katz of Government Executive reported that the Environmental Protection Agency will begin offering employees buyouts and early retirement incentives this year. News like this puts employees at all federal agencies on high alert. I got several emails this week from readers as a result of this...

Will Social Security Last?

April 13, 2017 Nancy A. Berryhill, acting commissioner of Social Security, recently announced that April is National Social Security Month. During this month, the Social Security Administration is highlighting five steps to financial security: Get to know your Social Security Verify your lifetime earnings with a My Social Security account Estimate your future...

Timely Tax Tips

April 6, 2017 April is already upon us, and I hope most of you are either finished or in the last stages of preparing your 2016 tax returns. If you have recently retired, you may be learning that their are some benefits to leaving the workforce when it comes to income taxes. For...

Women, Men and Financial Planning

March 30, 2017 You may not be aware, but next week is National Retirement Planning Week. The National Retirement Planning Coalition, a group of education, consumer advocacy and financial services organizations led by the Insured Retirement Institute, will coordinate a series of activities throughout the week aimed at promoting the importance of comprehensive...

5 Retirement Questions Only You Can Answer

March 23, 2017 There are some relatively simple things that everyone should know about their basic benefits under either the Federal Employees Retirement System or Civil Service Retirement System. This week, I want to present five straightforward questions covering the key items that allow you to transition from employee to annuitant. The answer...

The Saving of the Green

March 16, 2017 When my husband and I lived in Northern Virginia, he always wanted to to see green grass by March 17. That might be because our last name is Flanagan, or just that he takes great pride in maintaining our yard — probably a little of both. (It’s a good thing...

Should You Use Your Retirement Savings to Buy a House?

March 9, 2017 Last week we talked about ways to assess whether or not to leave your money in your Thrift Savings Plan account in retirement. One specific question along these lines that comes up often at retirement seminars is “Does it make sense to withdraw a large lump sum from my TSP...

TSP Withdrawal Tips

March 2, 2017 Did you know that almost as many people transfer their money out of the Thrift Savings Plan when they leave federal service as leave it in? The Federal Retirement Thrift Investment Board has reported that in 2016, close to $2.5 billion was taken out of the TSP in the form...

Delayed Retirement: Benefits and TSP Considerations

February 23, 2017 In last week’s column, we began to explore some of the issues to consider for employees who continue to work past age 65 and delay their retirement. A recent MetLife Mature Market Institute research study, Engaging the 21st Century Multigenerational Workforce, reported that older workers are more likely to have...

Planning for a Delayed Retirement

February 16, 2017 According to the 17th Annual Transamerica Retirement Survey, workers’ expectations regarding when they will retire have shifted dramatically from an earlier era, when most people expected to retire at age 65, the original full retirement age for Social Security. According to the Office of Personnel Management, the average retirement age...