There has always been a lot of discussion about whether or not it’s worth it to work with an advisor. If you have considered working with an advisor, you have probably thought of this question: “how do I know you aren’t a Bernie Madoff?”
The Federal Retirement System is meant to be a three part system comprised of the FERS Annuity, Social Security, and the Thrift Savings Plan. Because Social Security makes up 1/3 of the federal retirement program
The new SECURE Act rules dictate that inherited IRAs need to be distributed within a 10 year time period. There are a number of other changes implemented with the SECURE Act, but
What should a federal employee do with their Thrift Savings Plan when the market is going down like it has been? Is it a good time to cut losses and move it all to the G fund? This was a major question in 2008 and 2009 and has once again made a comeback
This law affects many aspects of retirement that are sure to have an impact on the middle class and their beneficiaries. If you are near retirement, just beginning to save, or nearing the magical age of 70
oday’s world is full of do-it-yourselfers, and rightfully so due to our access to information. Anything from house repairs to car repairs to investing can be done on your own, but the question I ponder is, “Is it worth it?” There are some things we can do on our own that we simply choose not to
Seeking financial advice can be a daunting task for federal employees. There are many types of advisors that provide advice and most of them will claim that they are the best kind to work with. Knowing how each professional operates can provide some clarity on who may be the best fit to work with. Understanding their compensation models can provide
The financial advice industry has gotten plenty of bad press in the past and rightfully so. The industry is not isolated from criminals, deception and plenty of products that mislead people. I have been a part of the industry for the better part of two decades and there are aspects of the industry that I dislike as well
What can federal employees learn from the government shutdown?
Collecting Social Security at the right time can have a big impact on retirement. Many people could benefit by delaying Social Security past the age of 62, however, according to the Social Security Administration data shows that only 31% of those collecting benefits are collecting their full benefit. To be clear, collecting Social Security is a decision
The question of paying off your house or not is one that seems to be a constant debate among people approaching retirement. In fact, it’s a good question for anyone with a mortgage. The way I see it, there are two perspectives that need to be evaluated to come up with an answer to this question.
I have written before about Health Savings Accounts (HSA) and how wonderful they are, but with open season on the horizon I thought it was time to freshen up on our HSA knowledge. There are a few characteristics of HSAs that most people aren’t aware of. Not all pretax accounts and contributions are created equal...
Dave makes two big assumptions that I believe can be devastating to an individual’s retirement
Paying for college can easily be one of the biggest expenses that parents will incur during their lifetimes. Although it is likely to cost a significant amount of money, it isn’t much different from other major purchases that