FEDweek

1 week ago | fedweek.com | Dallen Haws

For most federal employees, Social Security is a significant part of retirement planning, but it isn’t always as straightforward as it might seem. While the basic principles of Social Security are the same for both federal and private-sector workers, there are some key differences and special considerations for federal employees.

3 weeks ago | fedweek.com | Dallen Haws

When it comes to your FERS pension, understanding the key factors that impact your retirement benefit is crucial for making the most of your federal career. If you’ve spent years building your career in public service, you want to make sure your retirement years are financially secure. In this guide, we’ll break down the major elements that determine your FERS pension so you can plan accordingly and avoid any unpleasant surprises when it’s time to retire. 1.

1 month ago | fedweek.com | Dallen Haws

Planning for retirement as a federal employee can be a complex process, especially when considering the nuances of the Federal Employees Retirement System (FERS). Two critical components of your retirement planning include the FERS Supplement and the High-3 Average Salary calculation. Both of these elements significantly impact your retirement income, and staying ahead of potential changes is essential for securing a stable financial future.

1 month ago | fedweek.com | Dallen Haws

The loss of a spouse is one of the most emotionally devastating events anyone can experience. For federal employees, grief is often accompanied by confusion and uncertainty around the complex web of federal benefits and survivor entitlements. Whether you’re currently employed or already retired, understanding what happens to your federal benefits if your spouse dies—or what your spouse is entitled to if you pass away—is critical for protecting your family’s financial well-being.

2 months ago | fedweek.com | Dallen Haws

Federal employees have access to a wide range of unique benefits, from pensions to the Thrift Savings Plan (TSP), Social Security, and government-sponsored healthcare plans. With such an extensive benefits package, the question arises: Do federal employees need a financial advisor? The answer depends on several factors, including financial goals, complexity of benefits, and personal interest in managing finances.