Two congressional updates to the Federal Employee Retirement System are creating different groups of FERS employees. Those are on top of the separation between FERS employees and employees under the Civil Services Retirement System. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. On In Depth with Francis Rose, she shared her expertise for the first wave of FERS employees to start retiring.
Good news is on the horizon for federal employees that plan to retire in 2015. The Office of Personnel Management's processing times for retirement claims are accelerating, and the agency will try for the fifth time to digitize the process. Tammy Flanagan is Senior Benefits Director for the National Institute for Transition Planning. On In Depth with Francis Rose, she shared her Top 3 for 2015. She told Federal News Radio's Sean McCalley the faster processing times will most help people retiring early in the year.
The Federal Retirement Thrift Investment Board estimates nearly $10 billion will leave the Thrift Savings Plan this year. The Board will consider offering investment advice because they think some of the money is leaving at the advice of outside financial planners. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, tells In Depth with Francis Rose why some of those "free" investment planning seminars might have a hidden agenda.
Open season 2014 is underway. Feds who turn 65 next year are facing a decision — whether or not to enroll in Medicare Part B. If they enroll, they'll be paying an additional $1,200 on top of what they already pay for Federal Employees Health Benefits Program coverage. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, tells In Depth with Francis Rose about the pros and cons of enrolling in Part B.
Today is Halloween -- The day when you have to keep an eye out for tricks and/or treats. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. On In Depth with Francis Rose, she went over a quick quiz to help boost your knowledge of where to find retirement treats, and how to stay away from nasty financial tricks.
Federal employees planning their retirement need to make a lot of decisions, including how to leave a surviving spouse in good financial shape after death. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, says its one of the most important questions you need to answer before retiring. She tells In Depth with Francis Rose about some of your options.
Does it really matter which day a federal employee decides to retire? Yes, says Senior Correspondent Mike Causey, and he introduces readers to the expert who's come up with a system to help feds choose their best retirement day.
You have some new tools to use to plan your retirement. They are wizards, but they don't have pointy hats and magic wands. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, tells In Depth with Francis Rose why sometimes people think she's kidding when she recommends the wizards.
The deadline is coming quickly for you if you're planning to retire this year. The first step is to figure out what you need to turn into the Office of Personnel Management. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. On In Depth with Francis Rose, she shared a list of steps you need to follow if you want to retire before the end of the year.
Every single fund in the Thrift Savings Plan is up at least 1.5 percent since this time last year. But the strength of the TSP might not matter at all if you're thinking about phased retirement. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, helps federal employees navigate the new world of phased retirement options. She tells In Depth with Francis Rose about some of your options. Register for Federal News Radio's Phased Retirement Chat.
The new phased retirement plan is becoming part of the landscape at agencies across government. Just about every agency can offer it. But just because your agency offers phased retirement doesn't mean you automatically qualify. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. On In Depth with Francis Rose, she answered questions from federal employees across the government on how to make phased retirement work best.
The final rule is out on phased retirement for federal employees. The Office of Personnel Management says people can start submitting their applications for phased retirement on Nov. 6. But not everyone can qualify. Tammy Flanagan is senior benefits director of the National Institute of Transition Planning. She explained the details of the final rule on In Depth with guest host Jared Serbu.
Federal retirement filings are lower than the Office of Personnel Management expected. May's total was several hundred fewer than OPM expected to file for retirement. For federal employees thinking about retirement, you're not just dealing with a numbers issue. Tammy Flanagan, senior benefits director for the National Institute for Transition Planning, tells In Depth with Francis Rose why you should think about more than just dollar signs.
Unless your name is Tammy Flanagan, you probably don't know everything about planning a federal retirement. Which means you might be leaving benefits on the table you never knew you had. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, is hosting a series of webinars starting on Thursday, June 12, to help explain the basics and three big mistakes people make when navigating the Federal Employees Retirement System.
Knowing when you're ready to retire can be a lot easier if you're willing to answer 10 simple questions. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, has created a quick and interactive quiz to help you figure out if you're ready to retire or if you still need a little more time in the office.