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Different Advisors and Their Compensation

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

Federal Employees General
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My Pet Peeves in the Financial Industry

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

Federal Employees General
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The Best Time to Collect Social Security

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

Federal Employees General
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Retirement Isn't All About Income

Most people I talk to about retirement are primarily concerned with retirement income, and justifiably so, since many want to retire in the near future. I believe that we get too focused on the income aspect of retirement versus the expenses side of retirement. If you want flexibility in retirement, you first need to gain control of your expenses before worrying about your income.

Federal Employees General
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Credit Card Debt and a Good TSP Loan

I wrote a previous article that discussed reasons not to take a Thrift Savings Plan (or 401k) loan. Even though I am generally against taking a loan from your retirement plan, there are times when it can make sense. There are many reasons not to take a loan, but I will refer you back to my previous article for those reasons. Justification of a TSP loan calls for a dire situation, such as high credit card debt.

General Federal Employees
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Stop Cleaning Your Car

Fast forward many years later, and I still have a tendency to do things myself. The main reason I clean my own cars, wax my cars, clean the house, and do the yard work is because I’m tight (or frugal, to put it politely). I don’t like the idea of paying others to do something that I am able to do.

Federal Employees General Doctors
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Lifestyle Creep

One of the biggest obstacles to accumulating wealth is what I call Lifestyle Creep. Lifestyle Creep can delay retirement, financial stability, and financial independence. At its worst, lifestyle creep can drive families into large amounts of debt that they will spend decades climbing out of. Others have referred to it as lifestyle drift or lifestyle inflation.

Federal Employees Doctors General
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