Social Security is one of the three components of the FERS retirement. When a FERS employee retires before age 62 under the immediate retirement rules, the FERS employee will receive the first of lifetime FERS monthly annuity checks one or ... Read More

Federal employees are no strangers to policy shifts, but new legislation has sparked serious concern across the workforce. On May 22, 2025, the House passed the One Big Beautiful Bill Act, a sweeping budget reconciliation package that includes significant proposed changes ... Read More

Many financial advisors recommend “529” education savings plans to their clients in order to help for the future cost of higher education. Among the advantages of “529” education savings plans are tax-deterred growth and tax-free withdrawals to pay qualified expenses ... Read More

On January 10, 2025, the IRS issued proposed regulations that facilitate the implementation and operations of one of the provisions passed as part of SECURE 2.0. This provision is that  effective January 1, 2026, qualified retirement plan participants (this includes ... Read More

In this episode, Dan and Ed break down the tax implications of the Social Security Fairness Act and how it affects federal retirees. They discuss the impact of retroactive lump-sum payments, higher monthly benefits starting in 2025, and how this ... Read More

In recent years, the number of TSP millionaires has been steadily rising, with nearly 117,000 federal employees now holding seven-figure balances in their Thrift Savings Plan accounts. This significant growth is largely attributed to strong market performance, disciplined long-term saving, and the ... Read More

If you’re a woman who just began a career with the federal government, you likely did so for some great reasons. Like using your skills, knowledge, and education to contribute to the good of society. And, if you’ve just begun ... Read More

The calendar says it is the middle of October. The Medicare annual enrollment period (AEP) has started, and the annual federal benefits “open season” is less than one month away. During the annual benefits open season (this year to be ... Read More

The time has come, people. 2025 COLA announcements are here!  If you’re a regular reader of our blog, you know that the Serving Those Who Serve team is committed to keeping our community of Feds up to date on the ... Read More

Divorce brings a range of financial uncertainties, particularly for federal employees faced with the complications of dividing their retirement savings. The Federal Employees Retirement System (FERS), Thrift Savings Plan (TSP), and Social Security are all potentially impacted when untangling marital ... Read More