by Benchmark Financial Group | Oct 6, 2021 | Retirement, Retirement Planning
As the end of the year quickly approaches, any federal employee contemplating retirement by the end of 2021 needs to take action now. Getting the process started and clearly understanding what your income will look like may feel like an overwhelming task. But you...
by Benchmark Financial Group | Sep 3, 2021 | Retirement, Retirement Planning
Approaching retirement? Overwhelmed with decisions? Wondering how your financial situation stacks up? Concerned about monthly income? Don’t know where to start… WHY BENCHMARK FINANCIAL GROUP? “Our goal is to help Federal employees, retirees, and their families with...
by Benchmark Financial Group | Aug 5, 2021 | Retirement
Have you completed enough years of service to retire without a reduction in benefits? Have you decided that now is the right time to retire? Wondering how to get the process started? STEP ONE: PICK A DATE One of the first major decisions is deciding when to retire....
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 David Raetz | Apr 6, 2021 | Retirement, Retirement Planning
A lot goes into retirement planning, and it is essential to know what other details lie beyond the planning process. Some of those items include taxes on income moving forward and properly planning details regarding the legacy for your estate. If you are a federal...
by David Raetz | Mar 8, 2021 | Retirement, Retirement Planning
In January 2021, the Office of Personnel Management retirement backlog hit a new high, rising to 37%. It is typical for many employees to retire towards the end of the calendar year to maximize their benefits. However, the backlog didn’t surge due to an overwhelming...