FEDERAL EMPLOYEES RETIREMENT PLANNING
What is the Federal Employees Retirement System?
The Federal Employees Retirement System (FERS) is a retirement plan provided to all US civilian employees, including those in the executive, legislative, and judicial branches of the government. The plan, however, is not offered to employees of local or state governments or military personnel.
Employees under the FERS receive benefits from three sources, including the Basic Benefit Plan, Social Security, and Thrift Savings Plan.
As an employee of the federal government, you may not be eligible for 401 (k) plans and mainstream retirement plans. However, you can still plan to have a steady income during your retirement years.
Optimizing Your Federal Employee Retirement Planning
The Federal Employees Retirement System (FERS) is a retirement plan that pays out an annuity once you retire by calculating your average highest consecutive salaries over a period of three years.
At Bobetich Retirement, we specialize in helping federal government employees transition to a life of retirement. As a federal employee, you may have several questions about whether you can retire with a steady income.
Here are some of the questions you need to address to optimize your benefits.
- Do I have enough money to retire comfortably?
- Which benefit options would be in my best interest?
- How can I reduce my tax burden?
- What will be my potential health care costs?
- When should I withdraw my Social Security benefits?
Need Professional Help to Understand FERS Benefits?
One of the major concerns that many federal government employees face is that they do not understand how their benefits work and it is not easy to find an experienced and competent financial advisor who can explain these benefits to them.
Most of the time, federal employees have to resort to depending on other employees who may be just as confused about the benefits.
At Bobetich Retirement, you can seek the professional services of Anita Bobetich, a Chartered Retirement Planning Counselor with a designation from Kaplan College. “I believe in educating pre-retirees and retirees about the importance of planning their retirement and keeping their best financial interests at heart,” says Anita. “At Bobetich Retirement, my goal is to help you understand retirement income, pensions, tax advantages and other financial investments in preparation for retirement work. I can partner with you to create a personalized step-by-step strategy that will help you optimize the retirement benefits you have earned.”
