Right on the Money host, Dennis Mattern, discusses retirement income strategies with Brent Ford, owner and operator of Benefit Resource Partners, located in Milwaukee, Wisconsin.
The paradigm has shifted for federal employees in the past 30 years because of the multitude and fluctuation of change.
Working with the federal government, you tend to see a lot of legislative changes when it comes to retirement planning. There are two retirement systems for the federal government: Civil Service Retirement (pre-1983 retirement system) and Federal Employee Retirement System (FERS). FERS is a cost-saving measure that relieves some of the responsibility on the federal government to be an exclusive defined-benefit program. This puts more burden on the employee to plan for their retirement.
With few resources for federal employees, it is important to know your options. Learn more about Brent Ford and how his practice focuses on the federal market.
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