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$3,000 FERS Pension, $1,259 Received: Here's Where The Rest Goes
Description
Your FERS pension estimate says one number — but what actually lands in your bank account is a different one. Charles and Marcus walk a real $3,000 FERS pension through the survivor benefit election, FEHB premiums, and taxes to show exactly where the money goes before you ever see it, landing on a real net number of $1,259.
Chapters:
0:00 The $3,000 Pension Gap
0:28 Welcome to the Podcast
1:19 Why Your Pension Estimate Is Misleading
1:47 The $3,000 Example Begins
3:19 Deduction 1: Survivor Benefit (–10%)
4:58 Deduction 2: FEHB Premiums
8:03 Deduction 3: Federal & State Taxes
10:00 The Single-Filer Version
10:42 What We Left Out: FEGLI + Dental
11:07 Health Tip: Protect Your Teeth
12:53 The Real Net Number: $1,259
13:30 Recap: Build Your Real Numbers
14:12 Watch Next: Your FERS Retirement Explained
CTA: Apply for a Retirement Consultation: https://apply.cdfinancial.org/6a694299bad1c9a176cdc79f/
Disclaimer: Advisory services are offered through CD Financial LLC dba CD Financial, an Investment Advisor in the State of California. Insurance products and services are offered through CD Financial & Insurance Services LLC, an affiliated company. Educational only; not financial, legal, tax, or investment advice. Figures discussed are illustrative — verify with OPM.