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Randy Silvey, president of Silverlight Financial, makes the case for more training that happens earlier in a federal employee’s career and then more intensified training as the employee gets closer to retirement age.
Federal retirement information exists in a black hole. Little information escapes to inform and prepare federal employees about their retirement benefits. That's the claim from one expert who recently surveyed feds on what they know about their retirement plans. Randy Silvey, a federal retirement specialist and owner of Silverlight Financial, joined Federal Drive with Tom Temin to discuss what he called the disturbing if not anticipated results of the survey.
A new survey by Silverlight Financial and Federal News Radio found federal employees think they are prepared for retirement, but haven’t had the training or preparation necessary to ensure a successful transition.
Randy Silvey, wealth adviser and president of Silverlight Financial, contends federal employees don’t take enough control of their retirement planning and that impacts their future.