A step-by-step checklist for FERS and CSRS employees to retire with confidence.
Federal Retirement Checklist
Use this federal retirement checklist to make sure nothing gets missed. Follow a step-by-step plan designed for FERS and CSRS employees preparing for retirement.
Federal Retirement Planning Made Simple
Federal Retirement Checklist
If you're a federal employee preparing for retirement, this checklist will help you avoid costly mistakes and stay on track.
Federal employees face unique challenges when planning for retirement, from understanding FERS or CSRS benefits to managing TSP withdrawals and healthcare decisions. This federal retirement checklist guides you through each step so you can make informed decisions and retire with confidence.
Whether you're a few years away or getting ready to retire now, having a clear plan in place can help you maximize your benefits and avoid common mistakes.
What You Get
The YTS Wealth Management Federal retirement checklist outlines 5 crucial considerations for federal employees:
Pension planning
Confirm your retirement systems (FERS, CSRS, FERS-RAE), calculate your annuity, and decide on survivor benefits.
Healthcare planning
Confirm FEHB eligibility, enroll in Medicare Parts A & B, and research long-term care insurance (FLTCIP) options.
Social Security Planning
Determine your Full Retirement Age (FRA), calculate the windfall Elimination Provision (WEP) if applicable, and coordinate spousal benefits
Thrift savings plan (TSP)
Review withdrawal options, update beneficiary designations (TSP-3 Form) and consider tax strategies like Roth conversions.
Estate planning
Create or update wills and trusts, designate beneficiaries for TSP and FEGLI and establish Powers of Attorney (POA) and healthcare directives.