259 episodes

Financial Planner and benefits experts discuss the intricacies of
the Federal Employee Retirement System. This real world experience allows these benefits experts to address questions they are most frequently asked by Feds as well as Human Resource departments on how benefits work.

Plan Your Federal Retirement Podcast Micah Shilanski & Tammy Flanagan

    • Business
    • 4.8 • 106 Ratings

Financial Planner and benefits experts discuss the intricacies of
the Federal Employee Retirement System. This real world experience allows these benefits experts to address questions they are most frequently asked by Feds as well as Human Resource departments on how benefits work.

    Potential Consequences of Exceeding The Earnings Limit in 2024 on FERS Supplement

    Potential Consequences of Exceeding The Earnings Limit in 2024 on FERS Supplement

    "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

    https://zurl.co/pfLi

    • 7 min
    #96 What is The MOST Important Part of Your Pension?

    #96 What is The MOST Important Part of Your Pension?

    There are a lot of complexities in federal retirement benefits and retirement planning. Let's unravel the key aspects and pitfalls associated with them!
    In today's episode, Micah and Christian discuss the importance of understanding federal retirement benefits and avoiding common mistakes. They highlight the significance of understanding cash flow as the heartbeat of retirement planning and explain the FERS annuity benefit formula, breaking down how factors like creditable service, high-three salary, and pension multiplier converge to determine your gross unreduced benefit.
    Tune in to find out the common mistakes and get actionable insights on how to navigate your federal retirement planning with confidence.
    Episode Website

    • 26 min
    Can you get a Personalized FERS Benefits Summary?

    Can you get a Personalized FERS Benefits Summary?

    "Hello, Will OPM issue me a personal FERS Benefits Summary upon request (i.e., similar to the personalized benefit summary issued by Social Security) based on my VA creditable service and High-3 salary or do I have to wait until 60 days prior to my pension benefit start date to find out the amount of my FERS pension benefit??? By the numbers, I qualify for a VA FERS Deferred retirement, but I would like to confirm the amount of my pension benefit now. Thank you." - Cory

    • 6 min
    #95 Retire Happy: Essential Steps to a Successful Federal Retirement

    #95 Retire Happy: Essential Steps to a Successful Federal Retirement

    • 41 min
    Loan Options Toward FERS Contributions

    Loan Options Toward FERS Contributions

    "Can I take out a loan towards my FERS contributions? I’m a federal employee and no where close to retirement. Would it work like the TSP loan that I can just pay it back over a few years? I can’t find any information on this topic." - Martin 
    https://bit.ly/3NUfAMA

    • 6 min
    #94 Why is My Retirement losing money?

    #94 Why is My Retirement losing money?

    Ever wondered why your retirement is losing money despite investment diversification? Join Micah and Christian in our latest episode, where they dive deep into this question, discussing the pitfalls and challenges of investment diversification and how it may only sometimes yield the expected results.
    Find out why having a structured retirement income timeline is crucial and why you should have a written plan. Learn how to navigate the challenges of overspending and discover long-term investment strategies. Get clear tips on the five-year rule and how it impacts your investments. 
    Tune in for valuable insights on managing your investments for the long run.

    https://bit.ly/3vxbpA0

    • 27 min

Customer Reviews

4.8 out of 5
106 Ratings

106 Ratings

Philip Heard ,

Very Helpful Show For Federal Employees

I work for the Postal Service, and this show has a lot of helpful information for me. This podcast covers a variety of topics and will help get you thinking about any blindspots you may have in retirement planning.

annapt ,

Great information

The sheer breadth of knowledge and expertise in Micah and Tammy’s brains is staggering. I’m quite a few years away from retirement but listening to them has inspired me to put my “ducks in a row” and set up a PLAN. I want to THANK them both for sharing their client anecdotes, providing tips and explaining tricky concepts clearly.

Sarita7981 ,

Excellent info

Good retirement planning Info. Nice short episodes. I appreciate all the advice. The intro music and outro disclaimers are very annoying to listen to. The legal disclaimers voice is worse than listening to nails on a chalkboard. It has caused me to unsubscribe a few times.

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