HOW WE MAKE A DIFFERENCE FOR FEDERAL EMPLOYEES
We host ProFeds Workshops all around the country so federal employees can get the comprehensive training they need to be prepared for retirement, maximizing all of their benefits and making the best educated decisions for their future.
REGISTER HERE FOR OUR NEXT PROFEDS FEDIMPACT WORKSHOP!
FedImpact WORKSHOP TRAINING AGENDA
General Retirement Planning
- Tips for being better prepared for a smooth transition into retirement
- Understanding what you have and what you need to know about decisions to make at retirement
Retirement Systems (CSRS & FERS)
- Eligibility requirements and how to choose an appropriate retirement date
- Deposits, Redeposits & Military Deposits
- Special Considerations for Law Enforcement Officers, Air Traffic Controllers, and Firefighters
- Calculating the CSRS & FERS annuity
- Cost of Living Adjustments in retirement
Survivor Benefit Plan
- Coverage, cost and who can benefit from SBP
- Considerations for electing SBP at retirement
- Important connection with FEHB
FERS Special Retirement
- Eligibility requirements and calculation of the benefit
- What happens if you work after retiring
- Strategies for Social Security Benefits
Federal Employee Group Life
- Coverage and costs while employed
Federal Employees Health Benefits
- Tax advantage of FEHB while working
- Eligibility requirements to keep FEHB in retirement
- Coordination between FEHB and Medicare Part B
Federal Long Term Care Insurance
- What services Long Term Care insurance covers
- Coverage and costs for services
- Eligibility requirements to obtain coverage
- Options available through FLTCI
Thrift Savings Plan
- Fund choices, tax advantages and options within the TSP while working
- How to maximize government contributions
- Options available at retirement
- Tips to be proactive and understand the financial impact of the decisions to be made at retirement
ABOUT THE WORKSHOP
We partner with ProFeds to provide a unique CSRS and FERS benefits workshop that is focused on helping federal employees apply what they are learning in the classroom to their own situation. Instead of teaching at a very technical level regarding the benefit rules, we aim to educate employees to know the financial impact of retirement and benefit decisions, and to make those decisions carefully based on sound information.
ProFeds satisfies federal agencies’ requirement to provide pre-retirement training to their employees. Federal agencies may utilize their discretion to allow employees to attend our workshops without charging leave via the SF-182. The trainer provides their signature on that form at the conclusion of the training.
While federal benefits are often confusing and difficult to interpret, this workshop breaks down complex concepts into easy‐to‐understand language to show employees how proactive benefit decisions can positively affect their overall financial situation.
The employees who typically benefit most from this workshop are within 5‐10 years of retirement. Those closer to retirement often have specific questions and concerns regarding retirement decisions to be made—and that makes this workshop particularly relevant to their situation.
Tailoring the workshop to meet the needs of employees
With the wide array of federal employees we train, we know the importance of tailoring the workshop material to suit their specific needs. The most common accommodations we make are for audiences of Law Enforcement Officers, Air Traffic Controllers, and Firefighters.
Following the workshop
As the financial professionals who host the workshop, we offer each attendee an opportunity to meet to review their specific situation and develop a personalized Federal Benefits Analysis together. This analysis helps to demonstrate the value of their benefits and identify key decisions to be made as they move closer to retirement. This benefits review is offered at no cost and no-obligation to the agency or attendee.
ProFeds relationship with financial professionals
ProFeds is a nationwide support structure for financial professionals like us who serve federal employees. We receive tailored training on the unique complexities of federal benefits to help provide credible, educational financial planning services to our federal clients. ProFeds is proud to be a Woman-Owned Small Business (WOSB), and a Service-Disabled Veteran-Owned Small Business (SDVOSB) federal contractor and make this workshop available free‐of‐charge to federal employees and agencies exclusively through financial professionals like Smarter Retirement Solutions.
Not approved by, endorsed by, or affiliated with the U.S. Government or any governmental agency.
OUR FEDERAL EMPLOYEE PROCESS
YOUR FIRST APPOINTMENT
Our first appointment will be a no-obligation opportunity for us to get to know each other better. During this fact-finding stage, we will ask a series of questions in order to find out more about your federal service, your current financial situation and your goals for the future. We provide an overview of your Federal Benefits along with general financial planning and retirement concepts that may be incorporated as part of our recommendations.
REVIEW YOUR FEDERAL REPORT
Review Your Federal Report & Begin a Customized Income Plan
Reviewing your personalized Federal Report is essential in understanding the benefits you are entitled to and utilizing those to enhance your retirement. We will also discuss areas that could be enhanced from the private sector, which could enable you to receive the best of both worlds. These recommendations will be customized to your specific situation and goals. We will take as much time as needed for you to fully understand and ask as many questions as you may have. Once we have made the decision to proceed with comprehensive Retirement Income Planning, we begin with your monthly expense budget, assets and liabilities for analysis to then recommend various solutions to reach your goals.
REVIEW CUSTOMIZED INCOME PLAN
Review Customized Income Plan, Implementation and Maintenance
We meet to review the details of your customized Retirement Income Plan and make recommendations on how to reach your goals. Following that in depth analysis and development of your customized Retirement Income Plan, we begin implementation of those recommendations. We will be with you through every step of the implementation phase to ensure that:
1) We answer all your questions & concerns.
2) Keep you up-to-date on the progress.
Quarterly, semi-annual or annual financial reviews are part of the quality and service commitment to provide ongoing, proactive financial oversight for you. Your needs can change over time and by scheduling regular reviews we can better anticipate any needs before they happen. We also host regular financial and educational workshops, which you are invited to attend during the years as an opportunity for a financial refresher, as well as an information exchange.
LEGACY AND ADVANCED BENEFICIARY PLANNING
Legacy and Advanced Beneficiary Planning
As your wealth accumulates we can assist with creating your legacy. With the help of a third-party estate planning attorney, this step will assist with the secure transfer of assets to your spouse, other family members or charitable bequests that are in accordance with your wishes, and also the eventual creation of a living legacy.
Certify Your Federal Service
where you were not contributing to the CSRS or FERS retirement system
you received a refund of previously contributed funds to the CSRS or FERS retirement system upon leaving federal service, and then returned to federal service
active service is creditable for CSRS and FERS, but a deposit is required
The Certified Summary of Federal Service will line-item each piece of federal service that you have ever served, and alert you if any action needs to be taken (like a required deposit or payment).
This 2-page form is embedded in the larger retirement applications for the respective systems, but can be submitted as a standalone document at any point in an employee’s career:
- SF-2801-1 Certified Summary of Federal Service (CSRS)
- SF-3107-1 Certified Summary of Federal Service (FERS)
The earlier you discover that a piece of service needs your attention, the more time you have to take action!