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...
by Gary Raetz | Mar 6, 2018 | Retirement, Retirement Income
For many of us, it’s hard to imagine life before the invention of Social Security in 1935. Federal employees, like you, did have a retirement system in place beginning way back in 1920. Once the the FERS system was introduced in 1986, federal employee retirement...
by Gary Raetz | Feb 12, 2018 | Retirement Income
We all know that divorce can make a deep impact on our financial lives, especially during the immediate time period surrounding the event. However, some people are surprised to discover, a decade or more after the divorce, that the consequences are more far-reaching...
