It is crucial to obtain the certified summary of federal service from OPM to ensure accurate retirement benefits. Many individuals have experienced issues where OPM did not recognize their complete service history, leading to complications in retirement. It is advised to obtain this report periodically, even every five years, to ensure OPM's records are accurate and updated.

Join us at a Fed Pilot workshop (webinar or in-person) and learn about your benefits and how to prepare for retirement. The earlier in your career, the better.

Register: https://fedpilot.com

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It is possible to have two Roth accounts, one within the TSP and another outside of it. However, it is important to note that these accounts have different rules and should be managed accordingly. The rules governing funds within the TSP may be different from those outside, and it is crucial to understand these distinctions in order to make informed decisions about where to house your money throughout your career and into retirement.

Federal employees who are planning to retire and move to another state need to consider the impact of state taxes on their pension. It is important to determine when to change their address to ensure that mail is sent to the correct location. The timing of changing the address may not be a significant concern. It is essential to prioritize important matters and not get overly concerned about less significant ones. https://fedpilot.com

It is crucial to seek help and guidance in the complicated federal retirement process to avoid making mistakes that could have long-lasting consequences. Statistics show that the majority of retirement applications contain mistakes, highlighting the need for assistance. By continuously learning, subscribing, attending workshops, and seeking help, you can ensure a smooth transition into retirement and a secure future. https://fedpilot.com

We Received a unique question about whether Social Security benefits will reduce government pensions by 2/3. Thankfully the answer is No! However, it is extremely important to understand individual rules for retirement rather than relying on rumors or misconceptions. We help you make sure the rules you're following for your retirement are right for YOU, not for someone else. https://fedpilot.com/

The Survivor Benefit Plan provides financial support and healthcare to spouses in the event of the retiree's death. However, if the spouse passes away first, the retiree can inform the Office of Personnel Management (OPM) and stop making payments to the program. https://fedpilot.com

During a Fed Pilot Workshop, we discussed how Interim pension checks are received when retirement hasn't been fully adjudicated, which can take months. These checks are only between 40 to 60% of what the retiree deserves. Deductions for state taxes, dental and vision, and long-term care are not taken out of the interim pension checks, meaning retirees have to pay for these expenses out of pocket. We know how crucial it is to be financially prepared for the first year of retirement to cover these additional costs. https://fedpilot.com

We received a question asking "Is there any lapse of coverage in my FEHB?" and the answer is NO! Understanding the details of how they make the coverage work can be complicated, let's just say, you're covered! https://fedpilot.com

Currently, there is no requirement to enroll in Medicare Part B if you are keeping your Federal Health Benefits, but this may change in the future. It is important to stay updated on the rules and regulations as they can change over time, and attending workshops can help ensure you understand and are prepared for any changes. https://fedpilot.com

In our Fed Pilot retirement benefit workshop, we emphasize that participants should not make material changes without having a plan in place. Making changes without a plan may result in making the wrong decisions or timing the changes incorrectly. It is crucial to have a clear understanding of one's situation and goals before making any changes to retirement benefits. https://fedpilot.com