• FERS Phased Retirement

  • Jul 16 2024
  • Length: 4 mins
  • Podcast

  • Summary

  • This podcast was originally a YouTube video, you can watch that video here: https://youtu.be/foci4Gf0LRY

    Remember, retirement is a new chapter in your life, and it's up to you to write its story. Follow our Medium Blog and schedule a consultation with Charles to tailor a plan that suits your unique financial goals: https://calendly.com/charlesdzama/dzamatalk-complimentary-15-min-phone-call

    Chapters:
    0:09 Introduction to FERS Phased Retirement - Overview of what FERS phased retirement is and who it's for.
    0:28 Who Should Consider Phased Retirement? - Discussing the ideal candidates for phased retirement and why it might be beneficial.
    0:46 Key Benefits of Phased Retirement - Exploring the dual benefits of continuing to work part-time and receiving partial pension payments.
    1:10 How Phased Retirement Works - Detailed explanation of the work arrangement, including hours and responsibilities.
    1:29 Pension Calculation Explained - Breakdown of how pensions are calculated and paid out During the phased retirement period.
    1:50 Earnings and Contributions During Phased Retirement - Understanding the financial implications, including salary and TSP contributions.
    2:00 Service Credit Accrual - How full credit for service years is accrued, even when working part-time.
    2:27 Preparing for Full Retirement - The emotional and mental benefits of transitioning slowly into retirement.
    2:50 Impact on Team and Succession Planning - The role of mentoring and knowledge transfer in organizational continuity.
    3:11 Conclusion and encouragement for eligible viewers to consider phased retirement.

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    #RetirementPlanning #TSP #401K #FinancialAdvice #InvestmentStrategy #FERS #PhasedRetirement

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