Misc. Topics • 21 October 2020
The 3 Solutions Everyone Needs to Build a Complete Federal Benefits & Retirement Package

This article has been written by American Benefits Exchange (ABX) for distribution by Starr Wright USA. 


Federal employees would benefit from being proactive and educating themselves regarding their benefits & retirement options. It's a lot to take in, and there's a lot of information out there - which is why it's crucial to ensure you have an accurate, complete understanding. You don't have to do this alone, though. Experts such as the team at American Benefits Exchange (ABX) are always available to help.


As a federal employee, you should begin with a full benefits & retirement analysis. This should include a review of your Thrift Savings Plan options, as well as some insurance options; mainly, Federal Employee Professional Liability Insurance (FEPLI). Among your additional options, these are the three most important solutions to building your complete federal benefits and retirement package. 


Here's a little more detail on the top three solutions:



A full, professional analysis


A full benefits & retirement analysis allows you, the federal employee, to know exactly where you current stand and see where you are heading as you move closer towards retirement. Whether you just got hired or you are retiring tomorrow, it is imperative that you have a working knowledge of your current benefits, the costs involved, how things change over time, and all of the options available to you. As a result you can ensure you are in the best position moving forward.



A well-managed TSP


When it comes to preparing for retirement, the Thrift Savings Plan (TSP) is your wildcard. It is an administered - not managed - account where you choose how much to deposit and into which funds those monies are invested. Do you understand all of your investment options? Do you know how the TSP funds have performed in the past? Do you know how they are currently performing? Do you understand the options you have with TSP as you near retirement? Do you understand your TSP options in retirement? American Benefits Exchange (ABX) can alleviate some of the stress by providing answers to these and many more questions.



A safety net until retirement comes


Federal Employee Professional Liability Insurance (FEPLI) may not technically be a retirement benefit, but having the coverage may be the difference between keeping your benefits andsavings for retirement, or losing them. ABX works with Starr Wright USA to bring you the best professional liability coverage, from the company that has specialized in protecting federal employees for over 50 years. In today’s litigious society, federal employees at in any role or agency can be accused of wrongdoing on the job, and agencies aren’t required to defend you – in fact, they could be the ones bringing the allegation forward. The cost of legal defense and liability fees could be ruinous without backup to cover them, even if you end the case with your job intact. In cases like this, FEPLI provides the expert legal defense you need, and up to $2 million to cover costs.





Having a full benefits & retirement analysis, a review of your TSP options, and FEPLI will ensure you are mitigating costs, optimizing your benefits, properly preparing for retirement, and providing the protection you need to build a complete benefits & retirement package. There's more you should know, and you're best off making a personalized plan with an ABX advisor. Simply complete this form to schedule time with an advisor who will provide a custom, personalized review of your unique situation. As an added bonus, you’ll receive a special discount on FEPLI when you purchase as part of your federal benefits & review package with ABX! 


We look forward to speaking with you.



To contact ABX or schedule an appointment with an ABX advisor, visit thinkabx.com





American Benefits Exchange (ABX) is a National Marketing Organization that provides specialized retirement and insurance solutions for government employees, individuals, and business owners. ABX offers Federal Employee Professional Liability Insurance (FEPLI) from Starr Wright USA, the nation's oldest leading provider of PLI for the federal workforce. 




American Benefits Exchange, LLC. is not affiliated with nor endorsed by OPM or any other government agency.

This article authored by American Benefits Exchange (ABX) in partnership with Starr Wright USA; this article is offered solely for informational purposes.



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