Federal Retirement Planning for FERS & CSRS

My Federal Retirement is the most-read source of its kind focusing on the unique needs of financial and retirement planning for U.S. federal and postal employees.

New federal retirement resources are published every week (and can be received in the free email newsletter).  Below are some of the most-read resources available now:

10 Biggest Federal Retirement Mistakes

While many federal employees will be eligible to retire in the next fifteen years, unfortunately some of them will discover they will be unable to retire at the time they intend to because  important tasks -- that should have been performed during their federal service -- were not completed.   

This report discusses the 10 biggest federal retirement planning mistakes that many employees make before leaving civil service -- whether they are part of the Civil Service Retirement System (CSRS), CSRS-Offset, or the Federal Employees Retirement System (FERS) and FERS-Transfer.  It includes topics such as:

  • Not carefully reviewing personnel records prior to federal retirement
  • Failure to make timely requests of estimates of unpaid deposits or redeposits
  • Overlooking the important rules for maintaining federal employees health insurance (FEHB) during retirement
  • Not filling out and -- if necessary -- updating beneficiary designations

8 Federal Retirement Planning Strategies

With a proper amount of planning, federal employees can do more than just dream about a comfortable retirement, they can make an effort to make it happen.  Learn eight of the most common areas that need to be addressed by federal employees who plan to retire within the next five years.

Best Federal Retirement Dates 2016-2018

A discussion of the best dates to retire for federal employees in both the CSRS and FERS federal retirement systems.

   New Articles
Federal Public Safety Employees Can Make Penalty-Free TSP Withdrawals Starting at Age 50
Edward A. Zurndorfer, Certified Financial Planner - May 03, 2016
The Defending Public Safety Employees Retirement Act of 2015 amended the Internal Revenue Code to allow specified federal law enforcement officers, customs and border protection officers, federal firefighters and air traffic controllers who separate from service during or after the year they become age 50 to make withdrawals from the TSP without incurring a 10 percent early withdrawal penalty. Federal benefits expert, Ed Zurndorfer, discusses what the new law means to federal employees who are eligible to take advantage of the new law [ MORE ]

State-By-State Income Tax Treatment Report Released for Federal Retirees
Which states have exemptions for civil service annuities or Social Security? Which have no personal income tax? [ MORE ]

Reasons (Besides Tax Rates) to Convert Traditional IRAs to Roth IRAs
Edward A. Zurndorfer, Certified Financial Planner - April 21, 2016
Federal benefits expert, Ed Zurndorfer, discusses why besides trying to estimate one's future tax bracket and saving on taxes, there are other practical reasons to convert a traditional IRA to a Roth IRA [ MORE ]

   Additional Resources
Guide to Children Survivor Benefits Upon the Death of an Employee or an Annuitant
Edward A. Zurndorfer, CFP
Learn how a child qualifies for a monthly survivor benefit, when the child is eligible to receive benefits, and what information must be provided to OPM. Also included are the forms you need and a practical example. [ MORE ]

State-By-State Guide to Taxes for Retirees
The free online tool provides a detailed summary of state taxes on income, property, and everything you buy [ MORE ]

2016 Federal Leave Chart / Record / Calendar
Keep track of your 2016 leave with this handy calendar downloadable in PDF [ MORE ]