Federal Employee's CSRS & FERS Federal Civil Service Retirement
& Financial Planning Resources
Financial Planning Menu
Request a FREE "Personal Summary of Benefits"
Financial planning starts with a review of your investments including your TSP,
brokerage and mutual fund accounts, assets, and all banking and savings accounts
and includes evaluating expenses pre and post retirement. You also need to
review accounts to ensure proper beneficiary or Pay on Death (POD) designations
are listed.
Your personalized plan will ultimately show you what your total income and
expenses are pre and post retirement and will put things into a proper
perspective for you and your family. The goal is to first determine if your post
retirement income, from all sources, will be sufficient for you and your family
to maintain the lifestyle you desire. If your calculations reveal a deficit,
less money than you need, you have time to make changes, pay off mortgages, and
save to make it possible when you do decide to leave. We offer a
free downloadable spreadsheet
with examples and instructions tailored to federal employees that will help.
Every plan is different and based on your circumstance at the time. You may have
children still in college, parents that need your care and attention, home
mortgages, and the entire gambit of situations that change from person to
person. You are the only one who can effectively develop your plan because you
know YOU like no one else does. This doesn't mean you can 't
get help, there are many professionals willing to help. Regardless of whether or
not you do it on your own or hire a professional, its YOU who must provide the
details to insure your plan is sound and viable.
financial planning includes going all the way and that means don't stop after
compiling the information. Finish the process with a basic estate plan that
includes a will, living trusts if appropriate, health directives and a power of
attorney if you become incapacitated and unable to making decisions.
Lets start with the first step and determine your pre
and post income and expenses. After you complete our free spreadsheet you
will know what you will have to live on in retirement after expenses and then
proceed on from their.
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