FedImpact: Candid Insights for Your Federal Retirement

ProFeds Founder, Chris Kowalik, reviews the IRS rules which allow federal employees to take from their TSP at various ages if they are RIF'ed.

KEY TAKEAWAYS:

• How do employees access TSP after they have separated (resigned or retired)
• How long employees have to wait take withdrawals from TSP
• What penalties may apply to withdrawals prior to age 59 ½

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ProFeds Founder, Chris Kowalik, sheds light on what military veterans should know if they are going through a RIF process.

KEY TAKEAWAYS:

• Ensuring your veterans preference is in your service record
• Process of buying back your military service
• Retaining a receipt of your military buyback

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ProFeds Founder, Chris Kowalik, explores the rules for keeping various government insurance programs such as health (FEHB), life (FEGLI), dental and vision (FEDVIP), and long term care (FLTCIP).).

KEY TAKEAWAYS:

• Rules for being able to keep various federal benefits
• Timelines for changes to take place
• How the cost can change for each benefit

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ProFeds Founder, Chris Kowalik, reviews the rules for getting the FERS Special Retirement Supplement for employees who are RIF'ed.

KEY TAKEAWAYS:

• Explanation of the FERS Supplement
• Who gets the FERS Supplement?
• When do payments begin?

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ProFeds Founder, Chris Kowalik, explains the pension calculation that employees can expect if they are RIF'ed.

KEY TAKEAWAYS:

• The pension formula
• The challenge of including military service
• The high-3 average (and potential change to the "high-5")

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