How to Calculate Your FERS Retirement/Pension (Quick and Easy)

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  • Опубликовано: 13 окт 2024

Комментарии • 23

  • @CSS916
    @CSS916 Год назад

    Thank you! I've been searching for EXACTLY THIS! Everyone complicates it and I just want the basics. Perfect!

  • @mitchymitchhh
    @mitchymitchhh 2 года назад +10

    If you’re 62 or older with 20 or more years of service you get 1.1 percent of your high-3 average salary

    • @EatLeadPal
      @EatLeadPal Год назад +1

      If you have 20 or more years, you can retire anytime after you turn 60. Anything 20 years and beyond you get 1.1%.

  • @sandragibson2221
    @sandragibson2221 2 года назад +3

    Can you do a video about your TSP and Fixed Index Annuuty. Should you rollover or transfer your TSP to this Annuity the ros and cons.

    • @PlanYourFederalBenefits
      @PlanYourFederalBenefits  2 года назад

      Feel free to submit your question here: app.hawsfederaladvisors.com/question-submission

  • @jefferyglass5269
    @jefferyglass5269 Год назад +2

    The reality of FERS, not much money at all, may be less than SS (if its still around). I will continue to dump the max into TSP, move to a state that doesn't tax retirement, and make sure I have some rental income.

    • @frenchweewee4444
      @frenchweewee4444 Год назад

      Pretty much, sounds like you will be getting peanuts and if they bring this cbcd into play, everyone will be screwed, if we allow it.

  • @anthonymaglione8593
    @anthonymaglione8593 Год назад

    What is the calculation for full retirement for Federal employees? Is the multiplier at 67 years old different than 62?

  • @dshep832
    @dshep832 2 года назад +1

    It’s 1.7% for law enforcement and other specified categories.

  • @hussinaqeil9303
    @hussinaqeil9303 Год назад

    Hi, I will start my new Federal Job in 2023, Please advise regarding Retirement/Pension?

  • @RobertJToledo
    @RobertJToledo 2 года назад +2

    If you work a bunch of overtime in your last high 3 years, does the overtime count towards your pension? I believe it doesn't, but I have to ask anyways.

  • @deborahdempsey2415
    @deborahdempsey2415 2 года назад

    Do you have to work the full year to calculate your high three for example if you get a pay increase 3 months before you retire can you calculate that pay raise in your high three

    • @PlanYourFederalBenefits
      @PlanYourFederalBenefits  2 года назад

      Feel free to submit your question here: app.hawsfederaladvisors.com/question-submission
      This is where we get topics for future videos.

  • @Tono_Ovalle
    @Tono_Ovalle 2 года назад

    Is the cost of Survivor Benefits adjusted each year after COLA is applied?

    • @PlanYourFederalBenefits
      @PlanYourFederalBenefits  2 года назад

      Feel free to submit your question here: app.hawsfederaladvisors.com/question-submission
      This is where we get topics for future videos.

  • @doncappo1509
    @doncappo1509 2 года назад +1

    Base salary or salary with locality

    • @Dave-sw2dm
      @Dave-sw2dm 2 года назад +1

      with locality according to what I read on the OPM website.

  • @dcal1736
    @dcal1736 2 года назад +1

    Yeah it is not that great when you think about. I have done the math. Over 20 yrs the multiplier is .011 instead of .01. I am sure you know that. By the times it's taxed, its depressing.

  • @celticmco5672
    @celticmco5672 2 года назад +1

    Or you could request an official estimate from OPM (throw the one the comes yearly from the NFC in the garbage)...

  • @Ritamay01
    @Ritamay01 Год назад

    Does age matter?

  • @lmbarnes3
    @lmbarnes3 Год назад

    You mean someone works for 20 yrs making 100k and is supposed to retire on 20k, when they work and make 100k. This is why people can't retire.

  • @doncappo1509
    @doncappo1509 2 года назад

    I thought Air trafffic controllers get 1.7