Federal Retirement: Less Than One Year

John Faith
April 25, 2014

Federal Retirement

If you are federal or postal employee thinking about retiring in less than ONE year ask the following questions as part of your check list to staying on track to make sure your federal retirement is comfortable and secure.

1. Do I know what the best day to retire is?

2. What does my Benefit Analysis say about the best way to maximize my federal benefits?

Also Read: The White House formalizes a federal employee pay increase of 4.6% on average in 2023
Also Read: How Civilian Military Employees Are Transforming Their Federal Perks into a Lifetime of Financial Security
Also Read: Federal Workers, Here’s How to Plan for Retirement Like a Pro—Don’t Wait Until It’s Too Late

3. When and how do I waive my military retired pay?

4. When should I complete my application?

5. Should I check on my military service deposit?

6. Should I sign up now to receive my retirement payments by direct deposit?

7. How long does it take to withdraw money from the Thrift Savings Plan (TSP) – will there be a gap between retirement and when I can access my funds if I need them?

8. Do I know how my FERS or CSRS annuity elections will impact my spouses eligibility for FEHB?

It is very important to examine and collect all the necessary information you will need to make good decisions about your retirement future. The more you know and the earlier you know it, the better time you will have preparing for your retirement future.

P. S. Always Remember to Share What You Know.