Author: Federal Digest Staff
Plan Ahead For Open Season
The upcoming Federal Employees Health Benefits (FEHB) Open Season will run from November 11, 2024, through December 9, 2024. This is the ...FEGLI Facts On Basic And Optional Coverage
Federal Employees’ Group Life Insurance (FEGLI) is the largest group life insurance program in the world, covering over 4 million federal employees ...Can You Add Your Spouse To Your FEHB Plan In Retirement
You may already know that in order to carry your FEHB coverage into retirement, you need to be enrolled in a qualifying ...The Importance of a Durable Power of Attorney (DPOA)
A general power of attorney (POA) document becomes invalid if the principal becomes incapacitated or mentally incompetent. To ensure that someone can ...Tips To Expedite Your FERS Retirement Application Process
As you’re aware, the Office of Personnel Management (OPM) often faces a backlog of retirement applications, which can delay the start of ...What’s the Cost of a 25-Year Retirement? Over $800,000 on Average
A recent article from CNBC.com highlights the staggering amount you may need to sustain a 25-year retirement — up to $1 million ...The Facts About Taxes In Retirement
A 2022 survey by the Senior Citizens League found that nearly 75% of Americans nearing retirement significantly underestimate the taxes they’ll owe ...Congress Considering New Bill To Boost COLAs For Retirees
For years, retiree advocates have highlighted that the current formula for calculating Cost of Living Adjustments (COLAs) does not accurately reflect the ...Understanding The Power Of Your Health Savings Account
When you sign up for a Federal Employees Health Benefits (FEHB) High Deductible Health Plan (HDHP) with a Health Savings Account (HSA), ...Guiding Your FERS Retirement Journey Through the 5 Major Decisions
Approaching retirement under FERS requires making informed decisions. Here are the five key choices you’ll need to address: Determining Your Retirement Age ...
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