Get Ready for Retirement

The estimable Tammy Flanagan of the National Institute for Transition Planning weighed in this morning with a lively, informative session on the subject of “Retirement: Are You Ready?” Tammy, regular readers of GovExec.com will know, writes our weekly Retirement Planning column. She and Raymond Kirk of the Office of Personnel Management addressed a standing-room only crowd of folks who clearly had the title of the session’s overall track—Life After Government—on their minds.

Kirk noted that there are now four recognized career stages: school/training; job; a high-activity life after retiring from a primary career; and full retirement. OPM surveys show that 60 percent of state, federal and local government employees work after initial retirement, he said.

Under orders from Congress to improve retirement financial literacy, OPM is pushing a three-part model involving wealth planning, networking and social engagement (that is, what you’re going to do with your life after retirement), and overall health. Kirk handed out print copies of OPM’s Retirement Readiness Questionnaire, which he said would be available in online form starting late this fall.

Tammy focused on three tips in her segment:

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Posted by Tom Shoop at 01:39 PM | Permalink | Comments (7)