Federal / Postal Retirement Planning Report Card
Your Retirement Planning Report Card, however, is far more important than if you got an ‘A’ in your Social Studies class. This Report Card will truly impact the rest of your life.
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Income Sources for Federal and Postal Retirees
Sources of Income for Federal and Postal Retirees The majority of retirees will get income from a number of sources. However, the only sources they can really depend on are –certified – sources of income. What are certified sources of income? Income that you know will be there – Social Security, Employee Pension Plans and other
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Quiz for Federal and Postal Retirement
If you took a retirement readiness quiz how ready do you think you would be? If you find that you have already completed a task, then you are a STAR.
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DO YOU HAVE A SAVINGS STRATEGY?
Develop a Savings Strategy that really is a strategy for saving and leverage for you to retire well.
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Plan for Pre-Retirement Debt Reduction
There are a lot of things we want to take into retirement with us, but one thing we want to leave behind is HEAVY DEBT
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Plan Building: How Do I Get Started?
~~HOW DO I GET STARTED WITH A PLAN? By now you are probably asking – How do I get started setting goals that are SMART and putting a plan into action? You get started by first simply writing down what you desire your retirement picture to reflect. Write down your goals, evaluate and analyze them
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Plan Building for Retirement
Building your individual action plan starts with building your Financial Plan for retiring well.
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What Is Your Financial “Type?”
Your plan is an achievable and trackable, weekly or monthly financial goal. Set the Goal – pay down your debts (those with the highest interest rates first), put money aside for a rainy day and then save for retirement (every little bit helps).
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Financial Plan for the Federal and Postal Employee
What is a financial plan? It is a thought process of what is important to you and what is required for your life in order to make your dreams a reality.
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Annual Leave (Gap Money)
By the time the average federal worker retires, the annual leave accrual represents 8 hours per pay period or 16 hours per month, roughly 2 days per month. Postal workers earn slightly less in annual leave accrual.
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SAVE-SAVE-SAVE
Save Remember the laundry list of things we talked about building in order to retire well in our FLEXIBLE Plan post. Now we come to the all important aspect of SAVING. We learned from our parents as children to save in the event of the unexpected. There is no avoiding the unexpected – things happen. No matter how
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Baby Boomer – The Reality of ‘Now’
There are many questions that come to mind, but the main question about retirement is – Will I Have Enough Money?
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Retirement Planning – Now or Later?
As the adage goes – The best time to plant a shade tree was 40 years ago. The second best time is right now.
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Tips to Getting Your House in Order to Retire Well
Are the people involved in your life appropriately aware of your financial picture (TSP Value, FEGLI selections, Last will, etc.)?
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Simple Formula For Estimating Retirement Income
Estimate of Social Security eligibility and payments plus Estimate of Your Pension or Annuity plus any distributions that you TSP is able to produce equals the Estimate of Your Retirement Income
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Where Will Your Retirement Income Come From?
The majority of Americans will receive income from Social Security, an Employee Pension, and Savings and Investments.
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Can I Choose My Own Retirement Date?
Is there a Best Day to Retire? The answer is yes, but with some qualifiers.
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Retire Well – How Long Should I Work?
Many employees want to work long enough to retire well and take control of their choices and options. They want to have enough money to live on.
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Tips to Getting Your House in Order to Retire Well – Interim Payments
Interim payments represent approximately 75 to 80 percent of what you will receive in your full annuity check. Don’t despair, all deficits will be recovered when you begin to receive your full annuity check.
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Emotional and Psychological Readiness
Whether you’re eligible for CSRS or eligible for FERS often concrete items that we can touch, sort of put our hands on prioritize the list of things we need to know and do in order to retire well.
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