Potential Consequences of Exceeding The Earnings Limit in 2024 on FERS Supplement
Plan Your Federal Retirement Podcast
Release Date: 02/21/2024
Military to Civilian Transition
Plan Your Federal Retirement Podcast
Hello, I appreciate your videos very much. I am active duty and retiring next year, intending on becoming a GS employee. Can you do one on the military to civilian transition with regards to TSP and other issues, besides buying back time? I have both Roth and Traditional military accounts, and I assume they will be separate from the civilian ones. Will the Rule of 55 apply to my military TSP if I retire at 48 and immediately join the federal service? Finally, I plan on working about years and buying back 4 years of Academy time to earn a 11% pension. My plan is to stop working at 55 and then...
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The Hidden Tax You Need to Be Aware of in Retirement
Plan Your Federal Retirement Podcast
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Does Sick Leave Count as 5.8 Hours Day or 8 Toward Service Credit
Plan Your Federal Retirement Podcast
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#101 Secure Your Retirement with the Thrift Savings Plan
Plan Your Federal Retirement Podcast
Are you ready to embark on a journey towards a secure retirement? Join our experts, Micah and Tammy, as they analyze advanced retirement strategies to help you achieve financial security in your golden years. From understanding the critical importance of tax planning to maximizing your TSP benefits and optimizing retirement income, they provide you with the knowledge and insights you need to navigate the complexities of retirement planning confidently. Whether it's an OPM update or a rule that you should be careful about, we've got it all covered. Don't let misinformation or...
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How do I Calculate My High-3?
Plan Your Federal Retirement Podcast
How do I calculate my high three? I was a FERS employee from 1991-2000 then returned to FERS in 2022. I am 58 with a total of 23 years of credible FERS retirement because I did a military buy back of my active duty time (I retired from the Army Reserve). I know I will be giving up my SRS, but I plan to quit working after 24 months in July 2024. Is my high three calculated based on the last 24 months and the highest 12 months from my previous FERS time back in the 1990s? Thank you so much. - Rich
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Is Social Security Going to Run Out?
Plan Your Federal Retirement Podcast
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Tax Management: How to Withhold Taxes From Social Security
Plan Your Federal Retirement Podcast
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#100 Retirement Real Talk: Honest Conversations About Life After Work
Plan Your Federal Retirement Podcast
Are you ready to retire? Have you considered the emotional part of this journey? Are you and your spouse on the same page about your golden years and have the same expectations? Let's discuss long-term plans, the difficult situations that life can bring, and the importance of ensuring you enjoy your golden years and create memories with your family! Join hosts Micah Shilanski and Tammy Flanagan as they explore honest conversations about life after work. From financial planning to emotional preparedness, they cover it all, helping you navigate retirement gracefully and practically.
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The Best Days to Retire in 2024 as a FERS Federal Employee
Plan Your Federal Retirement Podcast
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Federal Pension - A Guide for Former Federal Employees
Plan Your Federal Retirement Podcast
I worked for the U.S. Department of Energy from 2/19/1995 to 9/1/2000. I turn 62 on 8/16/2024. I spent my entire federal career at the Nevada Operations Office in North Las Vegas, NV. I live there now. I approached that office to ask when I should begin my application for a federal pension and which office to send the required documentation to. Human resource staff at that office told me to contact OPM directly since I am no longer an active federal employee. I did not receive any information as to when I should being my federal pension application to obtain pension benefits beginning in...
info_outline"In mid 2025, I will turn 62, therefore my FERS supplement will stop. I currently work PT not to exceed 2013 earnings limit. However, in 2024 I’m thinking about going fulltime to be prepared financially for when I lose the FERS supplement. What happens if I exceed the earnings limit in 2024? Will there be a penalty? Will it reduce my SSA pension whenever I decide to receive it? Thank you." - L. Reinhart
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