Dan and Katelyn discuss two retirement planning decisions that are often overlooked but can have lasting financial consequences: keeping beneficiary designations current and deciding whether FEGLI still makes sense after retirement.
Katelyn explains why your TSP beneficiary designation-not your will-usually determines who inherits your Thrift Savings Plan account. She discusses how beneficiary forms work, why they often override estate planning documents, common mistakes federal employees make after major life events, and when to review or update beneficiary designations. Katelyn also shares why coordinating your TSP, life insurance, IRAs, and estate plan can help prevent confusion and ensure your assets are distributed according to your wishes.
Dan discusses whether federal employees should keep FEGLI coverage into retirement. He breaks down how FEGLI Basic, Option A, Option B, and Option C work, why premiums increase with age, and the reduction choices available after retirement. Dan also compares FEGLI to private life insurance, explains when private coverage may be a more affordable option, and highlights the factors federal employees should consider before making changes to their life insurance strategy.
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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.
