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Understanding FDIC Insurance Limits

Posted on Friday, 24th October 2014 by David Scholl

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Over two years ago, this site addressed the confusion many retirees share over understanding how the Federal Deposit Insurance Corporation (FDIC) insurance limitations apply to the various types of accounts they may have in one financial institution. Despite a dramatic drop in the number of failures, the number of banks on the FDIC’s problem bank […]

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2015 COLA Announced Plus FEHB Updates

Posted on Wednesday, 22nd October 2014 by Dennis Damp

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According to John Church with the Bureau of Labor Statistics (BLS) the 2015 COLA will be 1.7%. This is the low range of what many projected of between 1.7 to 2%. We updated our COLA charts this morning to reflect this change and we post all COLAs back to 1999. If your annuity is $2,500 […]

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TSP Life Annuities – What You Should Know

Posted on Friday, 3rd October 2014 by Herbert Casey

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So, what do you do with the funds in your Thrift Savings Plan (TSP) when you leave federal government service? You have two options. You can take a partial withdrawal which allows you to make a one-time-only withdrawal and leave the rest of your money in the TSP until a later date. You can also […]

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Don’t Overlook Credit for Military Service

Posted on Friday, 19th September 2014 by Herbert Casey

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During the first month of writing for FederalRetirement.net, I received a few questions on military buyback. I am surprised at the number of folks who either waited until right before their retirement or realized after they retired that they missed an opportunity to increase their annuities by paying their military service credit deposit. In general, […]

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Preparing for Retirement: Are you the Ant or the Grasshopper? (Part 2)

Posted on Friday, 5th September 2014 by Herbert Casey

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How are you preparing for retirement? Are you the Ant or the grasshopper? My first article about a month ago provided 5 essential tips to be prepared like the ant. Based on feedback from a few friends that I shared the article with, all consider themselves ants. No one is a grasshopper or at least […]

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Get Ready for “Phased Retirement” – A New Benefit

Posted on Thursday, 14th August 2014 by Herbert Casey

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On August 8, 2014, the guidance allowing a “Phased Retirement” option for federal employees was published by the Office of Personnel Management (OPM). Under this option, federal employees eligible for retirement can work half-time while receiving partial retirement benefits before they fully retire. According to Katherine Archuleta, OPM Director, “Phased Retirement offers an innovative alternative […]

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Preparing for Retirement: Are you the Ant or the Grasshopper?

Posted on Friday, 1st August 2014 by Herbert Casey

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I’m sure all of you remember Aesop’s fable of the Ant and the Grasshopper.  Briefly, it’s about the ant that toiled through the summer to store food for the winter.  The grasshopper hopped about and sung to its heart’s content.  He had plenty to eat and didn’t see a need to work hard to store […]

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Final Arranagements – Funeral & Burial Options (Part 2)

Posted on Friday, 25th April 2014 by Dennis Damp

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Updated 2/20/2024 My Aunt Pauline and Uncle Jack preplanned their final arrangements in their early 50s. Uncle Jack had several major heart attacks in his mid 40s and thought for sure he would be the first one to go.  He lived to 81 and my aunt passed away a year before he died. They purchased […]

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