by Benchmark Financial Group | Jun 30, 2021 | Retirement Income, Thrift Savings Plan
The Thrift Savings Plan (TSP) for the final piece of the retirement puzzle. If you missed the articles for Social Security or Pensions, please see our blog posts that look at those topics and how they fit into the retirement puzzle. The TSP is a retirement savings and...
by Benchmark Financial Group | Jun 1, 2021 | Retirement Income, Retirement Planning
In our previous article, we started discussing the pieces that make up the retirement puzzle. We began with Social Security. To learn more about how Social Security fits into the equation, you can read the article here. In this article, we will shift our focus to a...
by Benchmark Financial Group | May 6, 2021 | Retirement, Retirement Income, Retirement Planning, Social Security
Social Security is one of the three primary sources of income in retirement. The benefit is based on your average 35 years of work history and weighted by the years you made the most income. You’re first eligible to start taking social security at age 62, and each...
by Benchmark Financial Group | Aug 25, 2020 | Retirement, Retirement Income
You’re not alone, and with retirement being around the corner, it’s time to take a closer look at the numbers. You’ve worked your whole life to get here, and you may be wondering if your financial situation will significantly change once you decide to leave the...
by Gary Raetz | Feb 3, 2020 | Retirement Income
Even though you enjoy one of the best retirement systems in the country, federal employees still need to plan carefully for retirement just like everyone else. In fact, you should definitely avoid assuming that because you can potentially draw income from three...
by Gary Raetz | Sep 4, 2019 | Retirement, Retirement Income
One benefit enjoyed by federal employees is the ability to retire and claim their annuity payments after reaching 30 years of service and their minimum retirement age (56 or 57 for most FERS current employees). For many individuals this could translate into an earlier...
