Webinar Details:
Registration for this Event
This is a no-cost virtual webinar hosted on Zoom. A link to the event will be provided after registration. Please reach out to info@planwellfp.com if you have any issues signing up.
At PlanWell, we are focused on retirement planning for federal employees. If you have additional federal benefit questions, choose a Financial Planner for federal employees. Our team of CERTIFIED FINANCIAL PLANNER™ (CFP®) and Charter Federal Employee Benefits Consultants (ChFEBC℠) help answer your individual questions. We provide retirement planning workshops for Federal employees. Retirement planning webinars for Federal employees designed just for Feds!
Navigating the complexities of the Federal Employee Retirement System (FERS) can be daunting. This 3-hour webinar offers clarity and guidance, ensuring federal employees are well-informed about their retirement benefits and how to maximize them. Learn about the intricacies of FERS and secure your financial future!
The Federal Employee Retirement System (FERS) is the retirement system that covers most federal employees hired on or after January 1, 1984. It represents a significant shift from the older Civil Service Retirement System (CSRS). Understanding FERS is crucial for planning a secure federal retirement, especially regarding its interplay with Social Security and the Thrift Savings Plan (TSP).
The federal employee retirement system includes several key components. These are:
The FERS pension is a defined benefit plan, meaning your retirement benefit is calculated based on your years of service and high-3 average salary. The TSP is a defined contribution plan, similar to a 401(k), where employee contributions are tax-deferred. This webinar covers everything civilian and military feds need to know – and if you still have questions afterward, you can register for a free consultation and benefits analysis report to make sure you’re equipped to submit your FERS application to OPM (Office of Personnel Management) with confidence!
Understanding your employee benefits is paramount for effective retirement planning. The retirement benefit landscape, particularly concerning FERS, requires careful navigation to optimize financial security. Grasping the intricacies of FERS, including pension calculations, TSP options, and Social Security integration, empowers federal employees to make informed decisions, ensuring a comfortable retirement.
Here’s what this FERS webinar will cover to help federal employees understand their retirement and benefits package. We’ll be diving into key areas including:
The goal is to empower employees to make informed decisions about their retirement.
This FERS webinar is designed for all federal employees covered by FERS, including FERS-RAE and FERS-FRAE employees. It is particularly beneficial for those new to federal service or those approaching retirement eligibility who want to better understand their retirement benefits. Law enforcement officers and those in special retirement categories may also find valuable insights into their unique situations.
Registration details for the FERS webinar can be found here.
Click here for the full Federal Retirement Online Seminar Calendar! Fill out the required information and once you’ve signed up, you will receive a confirmation email with further instructions on how to access the webinar on the scheduled date and time.
Are you a federal civilian worker who needs a better understanding of the FERS retirement program? The group at PlanWell has been assisting employees of the federal government for decades. The company was started to alleviate the stress that can arise when you leave federal service – without a sales pitch or a webinar that lasts more a few hours. Planning for retirement shouldn’t be time consuming or a headache. We cover the following topics in just 3 hours, with live Q&A:
At the online FERS workshop by PlanWell, you will receive insights into maximizing your TSP contributions and investment strategies to grow your retirement savings effectively. The TSP is a defined contribution plan, and knowing how to navigate it is essential for federal employees covered by FERS.
The Federal Employees Health Benefits (FEHB) program provides health insurance options to federal employees, retirees, and their families. Learn why you might need five years of creditable service while covered by an FEHB plan before you retire – but also how this rule can be waived.
Federal Employees Group Life Insurance (FEGLI) is another significant employee benefit, offering life insurance coverage to federal employees. The webinar will provide an overview of FEGLI options, specifically covering:
It will help federal employees understand how FEGLI can provide financial security for their families in the event of their death, ensuring beneficiaries receive a death benefit. This overview can affect long term retirement planning and preparation.
Understanding how your FERS pension annuity is calculated is essential for retirement planning. The webinar will walk you through the calculation process, including factors like years of service, high-3 average salary, and any applicable age reductions. We also cover COLAs (cost-of-living adjustments) for FERS retirees.
Knowing when you are eligible to retire under FERS is crucial for timing your retirement effectively. The webinar will cover the various eligibility requirements, including age and years of service combinations. Whether you’re planning for early retirement or standard retirement, understanding your eligibility is key to optimizing your retirement and benefits package. There are special rules for law enforcement and employees in special retirement categories.
Federal employees have several pension options available to them upon retirement. The webinar will explain these options, including single-life annuity, spousal survivor annuity, and partial survivor annuity. We also cover what it means to defer or postpone your pension, and also what benefits employees receive with a DSR (discontinued service retirement)
Social Security is a vital component of the federal employee retirement system, working in conjunction with the FERS pension annuity and the Thrift Savings Plan (TSP) to provide a comprehensive retirement income. Understanding how Social Security integrates with your FERS benefits is crucial for maximizing your retirement coverage. The online retirement readiness workshop is here to help!
The FERS pension received after you retire from civilian service includes important survivor benefits designed to protect your family in the event of your death. These benefits can include a survivor annuity, which provides a continuing income stream to your spouse or eligible children. The webinar will explain the eligibility requirements for survivor benefits and how to ensure your loved ones are protected under FERS. Planning for these benefits is a key aspect of federal retirement preparation.
Understanding the tax implications of your FERS benefits is essential for effective retirement planning. FERS benefits, including your pension annuity and TSP distributions, are subject to federal and possibly state taxes. The webinar will provide an overview of how these benefits are taxed and how to minimize your tax liability in retirement. Gaining better insight into the interaction between FERS and federal tax law can greatly affect your ultimate retirement benefit.
Secure your financial future with the expertise of a Financial Advisor for government employees near you. Choose PlanWell Financial Planning in Reston, VA, and benefit from our experienced federal retirement specialists. Choose a Financial Advisor for federal employees. Contact us today to embark on your journey toward a secure and prosperous future.
Plan your federal retirement with the expertise of a Chartered Federal Employee Benefits Consultant near you. Choose PlanWell Financial Planning in Reston, VA, to site with a Financial Planner for federal employees and benefit from our experienced ChFEBC team. Contact us today to receive your personalized Federal Benefits Report.
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