The Ultimate FERS Retirement Planning Resource Page
Jason Parker, RICP is the founder of Parker Financial LLC, an independent, fee based financial advisor and investment firm who operates as a fiduciary and serves clients nationwide. Jason helps FERS make the transition into retirement with comprehensive analysis of their FERS benefits and integrates those benefits into a retirement cash-flow plan. To learn more about Jason and his team visit Parker-Financial.net
Retiring from the Federal Government requires a thorough understanding of your federal benefits, and how those benefits will work in the context of an comprehensive retirement cash-flow plan.
We have conducted webinars, podcasts and collected resources from the web that you may find helpful as you prepare for retirement from federal service.
Guest: Dan Jamison, CPA & Author of the FERS Guide Topics Covered: Should you take a survivor annuity? If so which option is right for you? Deferred vs Postponed FERS Annuity MRA +10 FEHB Electing a FERS Survivor Annuity Consideration for Federal Employees who are getting a divorce FERS Retirement Eligibility Premium conversion and paying FEHB with Pre Tax dollars Special Category Employees
Guest: Chris Kowalik – Founder of ProFeds Topics covered: Formula for estimating the Special Retirement Supplement or social security supplement Use sick leave toward retirement pension Buy back temporary time qualifying for FEHB in retirement Taxation of FEHB before and after retirement FERS COLA’s vs FEHB Premium increases FEHB & Medicare work together Federal Long Term Care Plan TSP Modernization and access to your money in retirement Survivor Annuity considerations
Guest: Chris Barfield, CPA BarfieldFinancial.com Topics covered: Barbell Strategy Inflation on medical expense vs COLA’s TSP Pros & Cons FEGLI cost savings considerations FEHB & Medicare Survivor Annuity Spousal Benefits
Postponed retirement means you have years of service plus minimum age and can qualify under MRA +10. This allows you to postpone FERS Pension and still be eligible for FEHB and FEGLI when you start your retirement annuity.
Premium conversion means paying premium pre tax vs post tax. This is default. This comes into play when you have two Federal Employees and one will retire early. The retired person could switch to the the person who is still working FEHB so that they continue to enjoy the tax benefits of paying health insurance we pre-tax dollars. Here is a link to OPM that explains Premium Conversion. Click Here
Currently, for duel federal employees, two self only FEHB policies are usually less expensive than self plus one.
I have a passion to help educate and inspire retiree’s to take action to achieve clarity, confidence and freedom in their retirement. I am the author of Sound Retirement Planning, the host of Sound Retirement Radio and the President of Parker Financial LLC.
By providing your contact information, you may be offered information regarding the purchase of insurance and investment products.
Parker Financial LLC does business as the following: Sound Retirement Planning, Sound Retirement Radio, Insurance Services by Parker Financial, LLC, & Parker Financial. Home office located at 9230 Bay Shore Drive NW #201, Silverdale, WA 98383. Jason Parker, RICP® is a Registered Investment Adviser Representative and has a Washington State insurance license. Parker Financial LLC is a registered investment adviser with the SEC. The adviser may not transact business in states where it is not appropriately noticed-filed, excluded or exempted from registration. Most states allow for a de minimis exemption of up to 5 clients in any state. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without notice filing with the SEC or exemption. Retirement Budget Calculator LLC and Parker Financial LLC are affiliated entities and under common control.