When the turn of the new year comes, it’s a time for hope and FEGLI Cancellation CSRS retirement optimism. We set out a list of our dreams and ambitions, and they usually end before February arrives. However, the financial side of your life is something you can’t just neglect after January. Throughout the calendar year, there are things you can be doing for protection, growth, security, and more.
Thanks to Abraham Grungold, a federal worker for over 30 years, we have a full calendar here today with an action for every month. Not only will it make your life and job easier this year, but it should also help you to make FEGLI – Life insurance After Retirement positive steps towards a comfortable retirement too. As you’ll see, there’s nothing too strenuous, and they’ll be much more comfortable than sticking to the fancy diet everybody else is trying as their resolution.
Every year, millions of Americans prioritize social media and other less critical areas of their life when they should be focusing on employee benefits, filing taxes, getting a new job, and achieving their life ambitions. 2020 is the time for a change, and positive steps, and below is the calendar to help with this!
• January – Create or update your resume and review some jobs (unless you’re happy in your role, of course). Even if you don’t want to change your job, there’s nothing wrong with updating your resume.
• February – Connect with somebody new on LinkedIn in the month of building relationships.
• March – As spring arrives, update life insurance and TSP beneficiaries.
• April – Make sure you get all quarterly, state, and federal tax returns in time.
• May – Consider long-term care insurance for a more comfortable tomorrow.
• June – We’re sticking with insurance in June, but this time life insurance.
• July – How’s your dental plan looking? Don’t let this fall by the wayside.
• August – With your teeth sorted, what about a vision plan?
• September – Just in case of an emergency or another government shutdown, create a strategy to build savings to pay the bills should the worst happen.
• October – As we edge towards the end of the year, Grungold thinks it’s wise to think about the Federal Spending Account Program.
• November – With the holidays looming, investigate your choices and premiums for FEHB (Federal Employee Health Benefits).
• December – It’s the season of goodwill and the time where we start planning for the next year. In 2020, you can plan TSP contributions for 2021 (after reviewing this year’s contributions).
If you carry this simple calendar forward every single year (and even make small adjustments to suit your position), you can keep tabs on your financial situation while also progressing towards goals and dreams. Good luck!