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Access Webinars and Other Financial Planning Information Courtesy of NITP and WAEPA

WAEPA has opened a partnership with the National Institute for Transition Planning Inc. (NITP) – a nationally recognized name in financial and retirement planning. Like WAEPA, the NITP specializes in world-class resources for employees of the federal government.

NITP has developed a range of webinars on financial planning and retirement topics you can access directly from the WAEPA site. Visit our webinar archive to learn about future events or review any of our dozens of pre-recorded webinars.

If you are a federal retiree, federal employee or qualifying family member, don't wait another day: You can get started with WAEPA by joining now.

Pre-retirement Planning

Pre-retirement planning is important for anyone, but it’s even more vital for employees of the federal government. Being proactive about your future helps ensure you will have the resources you need for a comfortable and enjoyable retirement.

At Worldwide Assurance for Employees of Public Agencies (WAEPA), we have partnered with the National Institute of Transition Planning Inc. (NITP) – a trusted leader in pre-retirement and benefits training – to provide resources that will prepare you for life after work.

NITP develops informative guides and presentations tailored exclusively to the unique needs of federal government employees. It’s just one more aspect of our ongoing work to support the success, health and well-being of our members and their families.

In particular, NITP produces a wide range of webinars on retirement topics. Visit our webinar directory to see upcoming topics or access recorded past presentations. You don’t need to be a current WAEPA member to access pre-recorded content.

Key Questions About Retirement Planning for Federal Employees

How Long Will I Need to Work?

Eligibility for immediate retirement depends upon age and total years of service. Only under rare circumstances can individuals pursue early retirement and still receive full annuity benefits. You can request retirement estimates for your first available eligibility through your agency.

How Do I Find Out About Unpaid Deposits?

Service credit deposits are required in situations when you have a period of service not covered by the Civil Service Retirement System or Federal Employees Retirement. This includes active military service. Agency retirement specialists can estimate deposit amounts for you.

How Much Will I Need to Save?

It can be challenging to estimate expenses and assets following retirement. Recognizing this, the Office of Personnel Management recommends the Federal Ballpark Estimate as one way of clarifying how much you will need to save over time to finance the retirement you want.

What is the Best Date to Retire?

Federal employees often wait for the ideal time to retire, whether it takes place at the end of the pay period, the quarter or the year. For background information on choosing the best retirement dates, see this article from Government Executive.

For more information about annuities and savings topics, see FedCheck for Pre-Retirement Employees and the NITP FAQ.

Since 1943, WAEPA has operated as a nonprofit dedicated to civilian federal employees. To get started with our Group Term Life Insurance and other resources, join us today.

Financial planning for federal employees is crucial to ensuring you have the financial resources you need whenever you need them. Worldwide Assurance for Employees of Public Agencies (WAEPA) works with non-military U.S. government employees to plan a sound financial future.

Financial Planning Matters: What New Hires and Mid-Career Professionals Should Know

Financial planning provides strategies to prepare for future needs and meet current ones through investment, savings and thrift. Federal employees have many resources for financial stability – but federal employee financial planning can be complex.

Let’s look at some milestones:

New Federal Hires

Financial planning early in your career may not be complicated, but it remains important. Through diligence now, you catch issues that could cause headaches later. Key activities include:

  • Check everything in your Electronic Official Personnel Folder (eOPF) for accuracy;
  • Update beneficiary forms, including SF 1152, SF 2823, TSP 3 and CSRS or FERS;
  • Update your TSP 1 Election form to ensure agency matching on your TSP savings;
  • Find out more about Health Savings Accounts (HSA) and the FSAFEDS program.

For more details, see FedCheck for New Federal Employees. To find out about annuities, Social Security, and medical benefits, see the NITP FAQ.

Mid-Career Professionals

Mid-career marks another important shift in financial planning strategy. Review your eOPF to find out your retirement SCD, correct any errors in your documentation and determine whether you might owe any further deposits upon retirement. And, as always, ensure your beneficiary information is current.

Learn more at FedCheck for Mid-Career Employees.

Estate Planning

You can start on estate planning any time in your career. Important documents to double-check include your will, power of attorney, healthcare directive and temporary guardianship document for any minor children. See FedCheck for Estate Planning for more.

Guides

Our WAEPA Guides cut through the complexity and get to the heart of the matter – helping you decide what’s right for you.

FAQs

Can't find answers to your questions? Check out our FAQ page!

Tools/Resources

Need some help with your decision?
Try our useful tools and resources!