TSP Distributions and Tax Planning for Federal Retirees

Federal employees will face a challenge in retirement – figuring out how to spend their money versus accumulating it. After spending 30+ years saving and investing, distributing funds can be daunting, but it’s exactly what’s needed in retirement. Tax planning during the

Brad Bobb, CFP® | September 27, 2023

FERS Retirees May Want to Delay Social Security

The effective tax could be a great reason for FERS retirees to delay their Social Security until later in retirement.

Brad Bobb, CFP® | September 18, 2023

Should a FERS Retiree Buy a House in Retirement

It’s not uncommon for a federal employee to retire and buy a house later. I have consulted on this topic three times in just the past few weeks. The biggest question retirees have is if they should take the funds

Brad Bobb, CFP® | August 29, 2023

Considerations When Purchasing a Home

Home purchases are arguably the biggest purchase we will make in our lifetime. It is very common for a young physician coming out of residency to be facing this decision head on

Brad Bobb CFP® | July 3, 2023

Tax Bracket Misconceptions

Federal income taxes can be terribly misunderstood. Sometimes I believe that whoever writes tax law wants us to misunderstand it

Brad Bobb CFP® | June 13, 2023

Four Things Federal Retirees Can't do With TSP

The Thrift Savings Plan is a great benefit that all federal employees should be using to accumulate funds for retirement, but it doesn’t work quite as smoothly

Brad Bobb CFP® | June 13, 2023

Rule of 55, 50 for LEO and Early Access to TSP

The rule of 55 is a great feature of your Thrift Savings Plan that helps early retirees. This IRS rule means that those who leave

Brad Bobb CFP® | May 11, 2023

How to Get a Tax Free Retirement

This is a headline that I see often on retirement articles, but is it possible? Yes, it is possible, but the more realistic headline would be: “How to Retire and Maintain a Low Income Tax Bracket.” Before we dive into details, I want to point out that when you see this title, it is normally “click bait” to try and sell you a type of life insurance product. How can you achieve a tax-free retirement?

Brad Bobb, CFP® | April 25, 2023

Don't Get Taken at a Federal Retirement Seminar

Have you ever been to a retirement seminar put on by your agency or employee union or group? Did it include a “financial advisor” who spoke for a short period of time? Retirement seminars for federal employees are great, but many of these events are actually sponsored by so-called financial advisors who are trying to sell insurance products.

Brad Bobb, CFP® | March 13, 2023

TSP is Getting More Expensive

The Thrift Savings Plan has gotten more expensive in 2023. Problem after problem headlined the TSP news in the previous year of 2022 and they have started 2023 with more of the same.

Brad Bobb, CFP® | February 27, 2023

Warning: Adjust Tax Withholding in Your First Year of FERS Retirement

Two things in life are certain – death and taxes – one we have very little control over and the other some control over, possibly even more in retirement. Retirement is a different situation than our working years because financial psychology changes from the accumulation phase to a distribution phase.

Brad Bobb, CFP® | February 7, 2023

Numbers to Know for 2023

Retirement savings and taxes are two things that we must navigate when saving for retirement. These two topics are forever changing and something we need to keep up with.

Brad Bobb, CFP® | January 5, 2023