Course Outline
Mid-Career Retirement Planning (FERS) - 2 Day Course
A comprehensive 2-day workshop suitable for FERS employees with 5-20 years of service. Includes but not limited to the following topics:
Day 1 (Full Day): Federal Benefits for Employees under FERS, TransFERS
- Introduction to FERS, TransFERS
- Eligibility for Retirement
- Creditable Service
- Survivor Benefits and Disability Retirement
- Annual and Sick Leave
- Annuity Calculation
- Deposit/Redeposit
- Early Voluntary Retirement
- Leaving Federal Service before Retirement
- Death Benefits before Retirement
- COLAs
- Supplemental Benefits under FERS
- Post-Service Withdrawal Options
- Overview of the Thrift Savings Plan (TSP)
- Insurances - FEHB, FEGLI, FedVIP, FLTC, FSA
- Social Security and Medicare (Parts A, B, C, D)
Day 2 (Full Day): Financial, Tax, and Estate Planning
- Financial Planning for Retirement
- Managing Debt
- Understanding and Improving your Credit Score
- Tax-Saving Strategies
- The Thrift Savings Plan (TSP)
- Borrowing from the TSP
- Inter-fund Transfers/Allocations
- Roth TSP vs Traditional
- Post Service Withdrawal Options
- Investments Beyond the TSP: Cash, Stocks, Bonds, Diversification
- Traditional and Roth IRAs
- Funding College Education
- Income Tax Planning
- Determining Taxable Income
- Taxation of Annuities
- Sale of Residence
- Overview of Estate Planning
- Powers of Attorney; Wills and Probates
- Estate and Inheritance Taxes and Gift Tax Laws
- Property Ownership
BC Financial Planning Guarantee
All BC Financial Planning instructors are Subject Matter Experts (SMEs) in their respective fields, with years of experience delivering live and virtual seminars.
CSRS/FERS Benefits delivered by Federal Benefits Specialists who have worked for the Federal government in a Benefits/HR discipline. Our Federal Benefits SMEs continuously update their materials in accordance with changes made by OPM.
Financial and Tax Planning information delivered by Certified Financial Planners® and/or Certified Public Accountants®. We require our Financial and Tax Planning SMEs to be knowledgeable about the FERS and CSRS Benefits Systems.
Actively practicing attorneys deliver the Estate Planning modules.