Jump-start your retirement income-building by listening to benefits expert Tammy Flanagan - this week's guest on Your Turn with host Mike Causey.
Some changes are coming for federal law enforcement officers that hold off on retirement. The Senate passed a bill that applies to officers who are eligible to retire at age 50, with 20 years of service. Tammy Flanagan is senior benefits director for the National Institute of Transition Planning. She\'s writing about the 10 questions you should ask before making the decision to end your federal career. She tells In Depth with Francis Rose why the Senate bill is good news for those law enforcement officers who are eligible for retirement.
Retirement experts at some agencies aren't exactly sure what they used to be. One agency requires retirement counselors to switch jobs after two or three years. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, tells In Depth with Francis Rose why it's more important than ever to understand the retirement process yourself.
Ken Gold, director of the Government Affairs Institute at Georgetown University, will give his thoughts on some of the issues that Congress will be addressing over the next few months. March 9, 2015
Your agency's human resources department calls getting married a "life event." Life events can have a big impact on your future retirement plans and the benefits you receive. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. On In Depth with Francis Rose, she answered questions people are asking about marriage.
You have two basic retirement-planning options with the Thrift Savings Plan. You can leave your money in, or take it out. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. On In Depth with Francis Rose, she said there are pros and cons for both, but you need to think carefully before you decide what to do.
A unique group of federal employees has its own retirement plan that isn't part of the Civil Service Retirement System or the Federal Employee Retirement System. They're covered by a plan called the CSRS Offset plan. Tammy Flanagan is Senior Benefits Director for the National Institute of Transition Planning. On In Depth with Francis Rose, she explained how that system works and why it's easy to overlook.
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.