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Why Federal Employees Miscalculate Their FERS Pension

Are you comfortable with the knowledge you have about your FERS pension calculations? Because over 20% of retirement applications contain errors, federal employees need to find out how they can miss the most common mistakes and how to avoid them. Join Christian Sakamoto, CFPⓇ, in today's episode, where he unpacks the high-three calculation, emphasizing the importance of understanding basic pay components, service computation dates, and credible service. Christian addresses common mistakes and explores key components: High-Three Calculation: Understanding basic pay components, service computation dates, and credible service nuances. Pension Multiplier Variations: Exploring how retirement age and special provisions impact the pension multiplier. Deductions and Surprises: Navigating deductions such as state income taxes, survivor benefits, and the first supplement If you are looking to retire confidently but still have some unsolved issues, schedule a call with a financial advisor on the following link: https://zurl.co/EnxV Happy Planning!