Federal, Military, Civil Service Specifics
We have thirty years of experience working with issues that specifically apply to civil service and military retirees. We can help ensure your government retirement assets pass readily to your spouse or other heirs without taxation on the principal amount.
Government workers have very different retirement options than the private sector. Decisions need to be made about survivor benefits, health insurance, life insurance and the the most effective use of Thrift Savings Plan (TSP) accounts to provide the most lifetime income to both spouses. TSP will allow you to have a lifetime income plan but requires that you give up your lump sum of your accumulated account. Most companies we represent will give you and your spouse, if applicable, lifetime income for both spouses which may as much as double for up to five years for qualifying health events when long-term care is needed. We assist our clients with making more informed decisions in these critical areas.
At Virginia Retirement Services our specialty is working with Federal, Military, Civil Service employees from the Tidewater communities of Virginia Beach, Norfolk, Chesapeake, Portsmouth, and the general Hampton Roads and Tidewater area.