When should you retire? Will you have enough money? Are there options? Oh, are there ever.
Was this helpful information? Just wait until the workshop! Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better. Register: https://fedpilot.com Want to ask a question for me to answer in a video? Ask at https://fedpilot.com/contact-us/
COLA & Best Retirement Month?
Kevin discuss recounts an experience where a man took an early out, expecting certain benefits that were not included in the package. He went through the benefits with him, the man began to realize that the early out was not as good of a deal as he wanted. While some individuals may still choose to take an early out, it is important to understand the implications and impact of the decision before doing so. During a workshop, a participant asked if they would receive the special retirement supplement (SRS) if they took the voluntary early retirement authority (VERA). The answer was no, and He emphasized the importance of understanding the implications of decisions before making them. The speaker ultimately concludes that individuals need to be aware of all the benefits they will receive and what they may be giving up before making a decision. Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better. Register: https://fedpilot.com Want to ask a question for me to answer in a video? Ask at https://fedpilot.com/contact-us
Misconceptions about Early Outs
Locality Pay in Retirement?
Is a lump sum an option?
Kevin discuss about how retirement rules change over time and how people can get confused by them. He use sick leave as an example, explaining that while the formula for earning sick leave is well-known (4 hours per pay period), figuring out how much money it translates to when one retires can be complicated. To determine this, one needs to consult the 2087 chart, which shows how many months and days of sick leave a certain number of hours translates to. He recommends attending their workshops where they will do the calculations for attendees. Overall, this video emphasizes the importance of understanding the changing rules around retirement benefits, particularly when it comes to sick leave. Speaker 1 encourages people to seek out help and attend workshops to ensure they have a clear understanding of how to calculate their retirement benefits. Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better. Register: https://fedpilot.com Want to ask a question for me to answer in a video? Ask at https://fedpilot.com/contact-us
Why does the formula for sick leave change?
Kevin discuss whether or not it is advisable to buy back time from the military. He explain that the decision depends on various factors such as retirement status, military service type, and length of service. While sometimes buying time back can be beneficial, there are other times when it is not a wise decision. He emphasizes that it is an individual case-by-case situation that requires a careful analysis of the numbers and personal circumstances. He also encourages attending their workshop to gain a better understanding of the situation and make the right decision. Ultimately, the decision to buy back time from the military is up to the individual, and they should carefully consider their circumstances before making a decision. Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better. Register: https://fedpilot.com Want to ask a question for me to answer in a video? Ask at https://fedpilot.com/contact-us
Military Buy Back - Yes or no?
Working more than 42 years?
I’m past my MRA!
Over MRA - What’s the Calculation?