For Your Benefit

July 24, 2023 on ForYourBenefit, host Bob Leins, CPA® welcomes Tammy Flanagan, Senior Benefits Director at NITP. It seems that everyone has an opinion when it comes to retirement decisions. Many of these opinions are stated as though they’re facts. Some of the questions from Federal employees about retirement center around relatively straightforward facts in law or policy. Here are some of the most common: Will I get a cost-of-living adjustment on my retirement benefit? What are the requirements to continue my health insurance coverage into retirement? Do I have to begin taking payments from my TSP account when I retire from Federal service? Other questions, though, require opinions because they lack a definitive right or wrong answer. In the retirement world, these often start with “Should I…” Here are some of the ones frequently asked: Should I… File for Social Security at 62? Leave my money in the Thrift Savings Plan after retirement, or move it to an IRA? Retire when I am first eligible to collect