Plan Your Federal Retirement Podcast Micah Shilanski & Tammy Flanagan

Federal employees can use various calculators to estimate their FERS benefits, but accurate documentation and proper completion of estate planning documents are crucial for retirement planning! Missing or incomplete information can lead to unexpected consequences, so seeking help from HR or knowledgeable individuals is essential.
In this episode, Micah and Tammy demystify the FERS retirement calculators, presenting essential insights. By understanding these calculators, you can take control of your retirement planning and ensure it's accurate and effective.
Join the discussion on the importance of precise documentation, proper completion of estate planning documents, and thorough record-keeping of your employment history and military service. Learn about the new GRB system, common mistakes in retirement applications, and the crucial differences between gross and net income, health insurance deductions, and tax withholdings.
Don't miss out on practical tips and expert advice to help you avoid errors. Understanding your benefits and achieving a secure retirement is within your reach. Tune in to "Demystifying FERS Retirement Calculators" and get ready to grasp federal retirement benefits' rules and regulations. By avoiding common mistakes, you can ensure you're not missing out on any benefits.
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I am eligible to retire from fed service at 57 1/2. I will have 36 years of service. I plan on using my TSP to supplement my retirement. I cant seem to find a straight answer on withdrawing my money prior to 59 1/2 without paying the 10% penalty. Some sites say I can access all of it anytime, others say I have to use the SEPP plan, and others say I can access all of it but only 4 times per year. I understand the tax paid on it is variable to my overall income. - Tim