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Federal Retirement Planning

Federal retirement benefits can be exceptionally complicated. Not only are there multiple programs employees can fall under, each one has its own set of complex rules that can dramatically impact your future if not handled by someone who knows the specifics of the Federal plans.

Recognizing the need in Sioux Falls and the state for comprehensive financial planning for Federal employees, Cornerstone Financial has three consultants that have undergone specialized training on the federal retirement system and federal government benefits programs. Chartered Federal Employee Consultants℠ have extensive knowledge about FERS, CSRS and Special Provisions (LEO, FF, ATC, CBPO, MRT) and can provide answers to your questions about your TSP, FEGLI, Social Security.

Benefit elections for Federal employees are irrevocable - they can’t be changed -  so decisions made during retirement planning can have a lasting impact on your future.

What date should I retire?

  • This may sound like a silly question, but as a Federal employee, retiring on the wrong day of the month can literally mean the loss of a month of hard-earned benefits.

What can I do with my unused sick leave?

  • As a Federal employee you can sometimes use unused sick leave to increase your retirement benefits, or you can take it when you leave. Deciding which way to go can have a big impact on your finances in the long run.

Should I take the Life-Only or Spousal Benefit option?

  • Although each person's situation is different, many people in the private sector choose the spousal benefit option, and for good reason. But that might not be the right choice for Federal employees because there are a lot of variable to consider and even which pension program you're a part of. We will work with you to consider all of the variables and your entire situation, including things like other sources of income, your health, the age difference between spouse and more.

The ChFEBC℠ mark is the recognized standard of excellence for federal employees. Federal Seminars and ChFEBC℠ Inc. owns the symbol marks ChFEBC℠, chartered Federal Employee Benefits Consultant℠ and ChFEBC℠ logo in the U.S.