Gene wants to know that if money is not an issue (he will have his FERS retirement, Social Security benefits, and TSP savings), would it make sense for him to elect for a Partial FERS Spousal Survivor Annuity? That way, he can invest the balance amount from not opting for a full annuity into a trust fund for his family. Tammy breaks it down so that Gene as well as you the viewer, can make the right choice.
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Well said Tammy!
Hi Tammy, My question is really about CSRS vs.FERS but hoping you might know the answer. In the case of a retired CSRS employee: If a couple have agreed to a partial survivor benefit but then later want to change their minds and elect the full survivor benefit, can that be done? Or is it a one time option? I realize that the options may differ in the way they are classified with CSRS. Basically just want to know if they will let you change to a higher amount once you have already signed up for a lower amount? Fine job here. Thanks for this video.
Thank you Tammy! Blessings to you for the information.
Nicely explained. Thank you.
What if you currently have and life insurance policy? How would you value a 25% survivor benefit? How many times current salary? Or adjust by estimate COLA and Raises each year? I interested in how you would value the benefit and what variables you would use to determine if the policy I have now would be close to the value