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Early Planning Key to Retirement Security
Midwest Region, March 19, 2009
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As in a game of chess, strategic plans and timely actions are fundamental in preparing for a rewarding retirement from government service.
As in a game of chess, strategic plans and timely actions are fundamental in preparing for a rewarding retirement from government service. - Photo Credit: n/a

As the lyrics to a pop-song by the Steve Miller Band go, “Time keeps on slipping … into the future.” To help prepare for the future before more time could slip away, four members of the La Crosse NFWCO attended a Service-sponsored federal employee retirement seminar held March 17-19 at the Bishop Henry Whipple Federal Building auditorium in Fort Snelling, Minnesota.  Representing a diverse mix of agencies, more than 150 federal employees (including many other Service staff from offices throughout the Midwest Region) and many of their spouses gathered here to listen to retirement advice offered by Gary Melling, a certified financial planner and registered financial consultant with more than 28 years of professional experience.  Mr. Melling and his colleagues from Personal Benefit Services (PBS) of Colorado, Inc., presented a wealth of first-hand information about defined benefits, the Civil Service Retirement System (CSRS), the Federal Employee Retirement System, the Thrift Savings Program, CSRS Offset, Social Security, deposits, re-deposits, federal insurance issues, military issues, and other key components used by the Office of Personnel Management to determine retirement eligibility and benefits.  Having served more than 60,000 federal employees to date, the PBS team also conveyed successful pre-retirement investment and post-retirement distribution strategies to help employees and spouses achieve financial security throughout what many hope will be their ‘Golden Years’ of retirement.  Although the demographic distribution of attendees appeared to be strongly skewed toward the Baby Boom Generation that is now beginning to retire, one of the more important messages delivered during the presentations was directed toward members of Generations X and Y: to achieve financial security in retirement, plan goals and take strategic actions now, early in your careers, before more time (and money) slips away!


Contact Info: Mark Steingraeber, 608-783-8436, Mark_Steingraeber@fws.gov



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