Situations · The federal retirement

You only get to retire from the government once.

FERS, CSRS, TSP, survivor elections, sick-leave credit — thousands of pages of rules, no one at the agency left to walk you through them, and decisions that lock in for life. This is the retirement that punishes guessing hardest — and rewards planning most.

What's actually at stake

Irreversible elections, made in a two-month window.

The government used to staff people to help you retire. Now you're on your own — and several of these choices, once filed, never reopen.

01

The survivor benefit election is forever

Full, partial, or none — chosen once, at retirement, with your spouse's notarized consent. The wrong election can cost a surviving spouse the pension income and the health coverage that rides with it.

02

Your TSP needs a decision, not a default

Keep it in the TSP with its famously low costs, or roll it over for consolidation and flexibility — there are honest cases both ways. A fiduciary is obligated to tell you when staying put is your better move. That's the difference between advice and a sales pitch.

03

Sick leave and service credit change the math

Unused sick leave converts to service time under FERS. Deposit and redeposit decisions for temporary or refunded service can move your pension meaningfully — but only if handled before the paperwork goes in.

04

The date you pick moves real money

End-of-month versus end-of-year, your MRA, the FERS supplement before 62 — retirement-date mechanics that are worth planning years ahead, not discovering in the exit packet.

How Cannon helps

Fiduciary answers, in federal language.

We plan the whole retirement — the pension election, the TSP decision, taxes on all of it, and the estate around it — as one coordinated plan. Fee-based, no products, no commissions: if the numbers say leave the TSP right where it is, that's exactly what we'll tell you.

Common questions

People in this spot usually ask.

Should I roll over my TSP when I retire?
Sometimes — and sometimes absolutely not. The TSP's costs are among the lowest anywhere, and for some retirees staying put is the right answer. A rollover can make sense for consolidation, withdrawal flexibility, or coordinated tax planning. A fee-based fiduciary is obligated to weigh both honestly — which is precisely the conversation to have before touching anything.
What is the FERS survivor benefit election?
At retirement you elect whether your survivor receives a portion of your pension after your death — full, partial, or none, generally with spousal consent. It also determines whether your spouse can keep federal health benefits. It is one of the few retirement decisions that is effectively permanent, which is why it deserves real analysis, not a checkbox.
Does unused sick leave really increase my pension?
Under FERS, yes — unused sick leave converts to additional service time in the pension calculation. Combined with deposit decisions for temporary or refunded service, these details can change your pension for life.
When should I start planning my federal retirement?
Five years out is ideal — that's when survivor, insurance-continuation, and service-credit windows still leave room to act. But even a few months out, the sequencing of your date, your TSP, and your tax picture is worth getting right. You only do this once.
Do you work with federal employees outside Utah?
Yes. The rules are federal; we serve clients across the country from Cottonwood Heights, Utah.

Educational only — not investment, tax, or legal advice. Every situation is different; the right answer depends on the numbers, and that's what the strategy session is for.

Start here

One conversation. No pressure, no pitch.

Sit down with a fiduciary — not a salesman — and leave with a complimentary strategy for your exact situation, whether or not you ever hire us.