Federal Retirement Consultant – How Can We Support You?

Navigating the financial landscape as a federal employee presents distinct challenges and opportunities. To fully understand and maximize these benefits, you need specialized knowledge and expertise. As your dedicated federal retirement Consultant, Cathy is committed to helping you unravel these complexities, ensuring that your financial strategy is strong and effective as you approach your retirement years!

Why You Need a Federal Retirement Consultant

#1: Navigating Retirement and Pension Calculations

With access to retirement plans like the Federal Employees Retirement System (FERS) or the Civil Service Retirement System (CSRS), it is the federal employee’s responsibility to understand the intricate rules and regulations governing contributions, distributions, survivor benefits, and more. On top of that, you have access to the Thrift Savings Plan (TSP), which is a unique investment plan similar to a 401(k). However, it has its own set of contribution limits and withdrawal strategies.

Moreover, when planning the optimal retirement date, choosing the correct date can significantly impact the final pension benefits and how these benefits coordinate with Social Security. This integration often requires strategic timing to maximize your overall retirement income.

Overall, these retirement plans can be extremely beneficial, but navigating them through the years and into retirement often involves complex and timely steps. Obviously, given these complexities, the expertise of a federal employee retirement consultant can be helpful.

#2: Understanding Survivor Benefits and Tax Implications

For federal employees, planning for the future includes understanding the process of setting up survivor benefits, which differ in structure under systems like FERS and CSRS. At DeWitt & Dunn we can help you navigate eligibility criteria, benefit amounts, and potential tax implications, ensuring that your loved ones are provided for.

In addition, you have a variety of tax benefits available to you as a federal employee. Did you know that contributions to TSP have a tax-deferred status? Similarly, understanding the tax treatment of Federal Employees Health Benefits Program (FEHB) contributions and the tax implications of withdrawing from FERS or CSRS often requires specialized knowledge. We can offer expert guidance on these government-specific tax laws, helping you to minimize tax liabilities and optimize your tax benefits.  

#3: Utilizing Every Educational Opportunity Provided to You

Additionally, the US government provides federal retirement seminars and consultants to help employees gain insight into their financial opportunities. At DeWitt & Dunn, we use this newfound knowledge to offer personalized advice tailored to your circumstances. We help you integrate the general information you’ve gained into a customized plan that best fits your life.

Contact DeWitt & Dunn Today!

Cathy DeWitt Dunn is a federal retirement consultant and we are here to help you understand the nuances of government benefit programs and can guide you through the complex landscape of your retirement and benefits options.

Lastly, as you approach retirement, remember the importance of a detailed, well-considered plan. Contact DeWitt & Dunn today to schedule your appointment to help navigate the complexities of federal retirement planning.