Blog - Page 11 of 94

How to Optimize Your Thrift Savings Plan (TSP) in a Volatile Market

October 7, 2024/in Blog/by Karen Dzierzynski

How to Optimize Your Thrift Savings Plan (TSP) in a Volatile Market

According to the FRTIB, total TSP fund assets were $895 billion as of March 2024. With a participation rate of 95.7%, the overwhelming majority of Federal Employee Retirement System (FERS) employees contribute to the plan.

FERS participants had an average TSP balance of $184,691. The average balance for Civil Service Retirement System (CSRS) participants was $207,698. Follow link to read more. https://bit.ly/4gSa8qj

How the Fed’s Interest Rate Cut Could Affect Military Families

October 3, 2024/in Blog/by Karen Dzierzynski

How the Fed’s Interest Rate Cut Could Affect Military Families

Source: Military.com | By JJ Montanaro

Marine Corps Gunnery Sgt. Patrick Dooley, assigned to the 12th Marine Corps District, tours Broadway Pier with his daughter during Fleet Week San Diego 2023.

As a military retiree and a financial planner, I’ve seen firsthand how the unique challenges faced by the military community amplify changes in the economy and U.S. government policy.

On Sept. 18, the Federal Reserve implemented a larger-than-expected, 50-basis-point (0.5%) interest rate cut, and while many may view this through a broad economic lens, I want to take a moment to look at how this affects military families, in particular. Follow link to read more. https://bit.ly/3N7omG4

Federal Employees Face Biggest Hike in Health Care Premiums in over a Decade

October 2, 2024/in Blog/by Karen Dzierzynski

Federal Employees Face Biggest Hike in Health Care Premiums in over a Decade

Health care premiums will spike for federal employees next year.

Employees enrolled in the Federal Employees Health Benefits (FEHB) program will see an average increase of 13.5 percent on their premiums for 2025. That is nearly double last year’s increase of 7.7 percent and is the biggest increase in well over a decade. Follow link to read more. https://bit.ly/47PrEqW

How the Fed’s Interest Rate Cut Could Affect Military Families

October 2, 2024/in Uncategorized/by Karen Dzierzynski

How the Fed’s Interest Rate Cut Could Affect Military Families

Marine Corps Gunnery Sgt. Patrick Dooley, assigned to the 12th Marine Corps District, tours Broadway Pier with his daughter during Fleet Week San Diego 2023.

As a military retiree and a financial planner, I’ve seen firsthand how the unique challenges faced by the military community amplify changes in the economy and U.S. government policy.

On Sept. 18, the Federal Reserve implemented a larger-than-expected, 50-basis-point (0.5%) interest rate cut, and while many may view this through a broad economic lens, I want to take a moment to look at how this affects military families, in particular. Follow link to read more. https://bit.ly/3N7omG4

Open Enrollment Season November 11 – December 9, 2024

September 26, 2024/in Blog/by Karen Dzierzynski

Open Enrollment Season

November 11 – December 9, 2024

Sign up by December 09!

Source: OPM

Open Season

Welcome to the home page for the Federal Benefits Open Season. Here you will find all the resources you need to make informed decisions about your health, dental, vision, or flexible spending account benefits.

The Federal Benefits Open Season ends at 11:59pm Eastern Time on Monday December 9, 2024, for the Federal Employees Dental and Vision Insurance Program (FEDVIP) and the Federal Flexible Spending Account Program (FSAFEDS). Open Season for the Federal Employees Health Benefits Program (FEHB) ends at 11:59pm, per the location of your electronic enrollment system, on Monday December 9, 2024.

Postal Service employees, Postal annuitants, and their eligible family members: You may continue to participate in the Federal Employees Health Benefits (FEHB) Program through December 31, 2024. Your first opportunity to select a plan under the new Postal Service Health Benefits (PSHB) Program will be during Open Season in 2024. Coverage under the PSHB Program will begin January 1, 2025.