YOUR FEGLI PREMIUMS CAN GO UP BY 2,000% Written By: Joseph Polakovic Be Aware of What’s HappeningMany federal employees do not think much about their Federal Employee Group Life Insurance (FEGLI) plan until they reach retirement and start noticing that their pension is drastically decreasing. FEGLI works as a 5-year renewing Term Life Insurance policy. …
YOUR BENEFICIARIES MAY NOT APPRECIATE THIS LITTLE KNOWN TSP RULE Written By: Joseph Polakovic Basic Facts: As of September 2019, there were 5.6 million Thrift Savings account holders in the privately managed, Government-sponsored 401k. Prior to the TSP Modernization Act, more than 50% of people left the TSP upon retirement. It has yet to be …
WHY MOST FEDS ARE OVERPAYING FOR THE SURVIVOR BENEFIT Written By: Joseph Polakovic As a federal employee, you have the ability to leave a portion of your pension to a survivor, typically your spouse, upon your death. This is called the Survivor Benefit, and for most employees, it seems like a no brainer to select …
Survivor Benefit: Why It May Not Be Right For You Read More »
