I retired a couple of years ago. I never took the retirement class. I got a lot of information from Tammy Flanagan https://www.govexec.com/pay-benefits/2021/02/retirement-planning-index-2021-edition/171840/ and in my agency there was a retirement specialist that I could make one or two meetings with per year when I got within a year of retirement eligibility. The retirement specialist was great. She tracked down all of my paperwork that had my start date and she used that information to estimate my retirement income given a specific retirement date.
Personally, I don't like annuities for myself but my mother actually did pretty good with them. Her annuities seem very much like the L funds in the TSP.
Also, check out this little article https://www.federalretirement.net/retire_timeline_post.htm to know what to expect after retirement. It was pretty close to my experience.
Good luck,
🙂
On Tue, Feb 23, 2021 at 2:03 AM bill_steele_sr via groups.io <bill_steele_sr=yahoo.com@groups.io> wrote:
I'm told that sick time will be added to the formula for determining the amount of your FERS pension. Does every hour count, or is it taken as a group such as 40 hour blocks... And if it is blocks would odd number be discarded- for example you have 42 hours, or one week 2 hours; would the 2 hours be tossed?
Also- I keep getting emails from a "VS Approved Vendor" offering to walk me through everything relating to retirement from best days to retire to TAP annuities. I smell a rat. Who do I contact that actually works for the VA to get my pre retirement information?
Thanks!
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