Katelyn and Dan discuss how federal employees can better coordinate multiple pension income streams in retirement and why FEGLI costs deserve a closer look after age 55.
Katelyn breaks down how households with two pensions can create a more coordinated retirement income strategy. She explains how survivor elections, Social Security timing, tax withholding, and TSP withdrawals all interact when both spouses receive retirement income. She also covers how to avoid “income pile-up” years, review beneficiary elections, and structure household cash flow so essential expenses remain covered while preserving flexibility for discretionary spending.
Dan explains why many federal employees should reassess their FEGLI coverage after age 55. He walks through how FEGLI premiums rise across age bands, when Option B coverage may become too expensive, and how to evaluate whether existing coverage still matches your current financial needs. He also compares FEGLI to private term insurance, outlines a simple cost comparison process, and discusses how to avoid coverage gaps when making changes before retirement.
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The FedLife Podcast is your in-depth, biweekly deep dive into the world of federal benefits and retirement planning. Hosted by federal benefits expert Ed Zurndorfer and Dan Sipe of Serving Those Who Serve, each 30-minute episode unpacks the complexities of FERS and CSRS retirement, FEHB and Medicare, survivor benefits, tax planning, and more. Designed for federal employees and retirees who want more than just the basics, FedLife goes beyond the headlines to explore the rules, nuances, and strategies that can make a meaningful difference in your retirement. Remember: it’s your Fed life, make it a great one.
The Fed15 Podcast is your weekly 15(ish)-minute briefing on federal benefits and financial planning, built specifically for federal employees and retirees. Hosted by Dan Sipe and Katelyn Murray of Serving Those Who Serve, each episode delivers clear, actionable guidance on topics like FERS and CSRS retirement, TSP strategies, FEHB, survivor benefits, tax planning, and more! Whether you’re five years from retirement or already there, The Fed15 helps you cut through the noise, avoid costly mistakes, and make confident decisions about your federal benefits.
