Retirement Planning for Federal Employees
Federal Retirement Planning
At PlanWell, we have been helping federal employees for 20+ years. Your federal benefits are complicated and confusing. HR would be a logical place to start when seeking answers, however, it can prove to be an empty effort. HR has been tasked to assist with paperwork and not provide individual recommendations.
Often, we see federal employees attend retirement planning workshops that are packed with information that is irrelevant to your financial situation resulting in more confusion. You may have sought advice from a Financial Advisor, but they lack the training or expertise in retirement planning for federal employees. At worse, making recommendations that lead to costly and irrevocable mistakes for you and your family.
Our team of Financial Planners have the experience and credentials to help lead you through a trusted retirement process that has been designed only for federal employees. Every client-facing Financial Planner is a CERTIFIED FINANCIAL PLANNER™ and Chartered Federal Employee Benefits Consultant (ChFEBC).
You can learn more about our credentials here: The PlanWell Difference
Federal Retirement Planning Process
More information on how we help: Federal Employees Process
Discovery Meeting
Introductory meeting with a Financial Planner who specializes in federal retirement planning. Our goal is to understand what is most important to you and gain more insight into your federal service.
Financial Questionnaire
Our questionnaire reviews the 26 most important financial measures. It is crucial to gather a complete picture of your financial health. Absent information can lead to recommendations that are misguided.
Goals & Getting Organized
We help gather your financial documents and information. We’ll meet to assess your financial situation, pose questions, and discuss where you want to grow.
Federal Benefits Report
Our team of ChFEBCs will create a custom, 22-page, report based on your federal service. We will review your numbers and provide guidance on opporutnties available and pitfalls to avoid.
Deliver Your Action Items
A list of action items to consider in the short-term, long-term, and when important financial milestones occur. These action items help solve potential gaps in your financial plan.
Create a Financial Plan
Our team of CFP®s will build a custom financial plan based on your goals, values, risk tolerance, and more.
Investment Policy Statement
Investment goals and objectives specific to you. A formal agreement provides transparency and commitment for both parties.
Ongoing Reviews
Ongoing reviews to make sure you are on track with your financial goals and investments.
Navigating Retirement Income
It is essential to prepare for ALL future retirement milestones. We leave no stone unturned when it comes to retirement income strategies. Our focus will be on:
- TSP Withdrawal Strategy
- Required Minimum Distributions (RMDs)
- When to Begin Social Security
- Tax Strategy to Minimize Current and Future Taxes
- Optimizing retirement distributions
Mitigating Risks and Protecting Assets
Federal Benefits at the Center of Decision Making
At PlanWell, we will start by providing education on every benefit and option available to you with estimates that are specific to your federal service. After we have uncovered what your FERS retirement numbers look like, we will begin to work on completing the gaps in your retirement plan. Your federal benefits must be at the center of decision making when starting to plan for retirement.
Retirement Planning for Federal Employees is Unconventional
Federal employees need a Financial Planner that not only has the expertise and knowledge in the FERS system, but also the experience with integrating the federal and private side together into a cohesive retirement plan. Seeking advice from a professional that works with federal employees from time to time is not good enough. Over 90% of our clients are either active or retired feds. We are reviewing and staying up-to-date on the ever changing landscape in your world every day.
When beginning to plan for that final day of submitting your Application for Immediate Retirement (SF-3107) we want you to feel confident you have squeezed every benefit available to you in the most optimal way.
Retirement planning should start by understanding what benefits you are entitled to, your spouse, and how those benefits can change in retirement. There are thousands of combinations to choose from. It is crucial to make the correct decisions based on your unqiue financial situation.
What the Federal Employee Benefits Report (FERS Retirement Estimate) covers.
Learn more how PlanWell’s Chartered Federal Employee Benefits Consultants (ChFEBC) help with federal retirement planning.
Common Questions We Answer for Feds
- Have I saved enought for retirement?
- When should I start Social Security?
- Should I retire before or after age 62?
- Why would anyone keep FEGLI in retirement?
- What are the suvivivor benefit options for my spouse and children?
- I am eligible for FEHB in retirement. Do I still need to pay for Medicare B?
- How does the TSP change in retirement?
- Should I turn the TSP into guaranteed income?
- How will I cover long term care expenses in the future?
- My spouse is a Fed as well. Should both of us select survivor benefit?
Federal Retirement Planning
At PlanWell, we are focused on federal retirement planning. If you have additional federal benefit questions, reach out to our team of CERTIFIED FINANCIAL PLANNER™ (CFP®) and Chartered Federal Employee Benefits Consultants (ChFEBC℠). Choose a Financial Planner for federal employees. We provide federal retirement planning workshops for federal employees. Federal retirement planning webinars for federal employees, designed just for Feds! Learn more about our process designed for the career federal employee.
Preparing for a federal retirement? Check out our scheduled federal retirement workshops. Sign up for our no-cost federal retirement webinars here! Make sure to plan ahead and reserve your seat for our FERS webinar, held every three weeks. Interested in having PlanWell host a federal retirement seminar for your agency? Reach out, and we can collaborate with HR to arrange an on-site FERS seminar.
Want to fast-track your federal retirement plan? Skip the FERS webinar and start a one-on-one conversation with a ChFEBC today. You can schedule a one-on-one meeting here.
Federal Retirement Workshops - FERS Webinars
Sign up today for our FERS webinar here. Federal retirement webinars designed to cover every benefit in only 3 hours. The FERS workshop covers: FERS pension, survivor benefit, Social Security, Special Retirement Supplement (SRS), Thrift Savings Plan (TSP), Federal Employee Group Life Insurance (FEGLI), Federal Employee Health Benefits (FEHB), and Federal Long-Term Care Insurance Program (FLTCIP). Interested in having PlanWell host a federal retirement seminar for your agency? Reach out, and we can coordinate with your agency’s HR to have an on-site federal retirement seminar. PlanWell can do a FERS seminar or CSRS seminar.
Financial Planner for Federal Employees Near Me
Secure your financial future with the expertise of a Financial Advisor for government employees near you. Choose PlanWell Financial Planning and benefit from our experienced federal retirement planning specialists. Choose a Financial Advisor for federal employees. Contact us today to embark on your journey toward a secure and prosperous future.
Chartered Federal Employee Benefits Consultant Near Me
Plan your federal retirement with the expertise of a Chartered Federal Employee Benefits Consultant near you. Choose PlanWell Financial Planning to sit with a Financial Planner for federal employees and benefit from our experienced ChFEBC team. Contact us today to receive your personalized FERS estimate.