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.
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.
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.
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.
How Much Should I Have in Roth Accounts?
One question I have been asked a lot lately is, “how much should I have in Roth IRAs?” Or a more specific question, “What is the ideal mix between tax-deferred, tax free and taxable assets?”
TSP Declines, Context, and Actions
This year the stock market has gone down a little over 25% which can make anyone feel a little uncomfortable. But what do future returns look like after the market has fallen 25%? Knowing this should give investors some context and an idea of future expectations.
The Federal Retiree Who Did Nothing
I want to share a somewhat common scenario I recently saw in hopes that it will help new and future federal retirees. My biggest reason for sharing is that I see this scenario a lot and I hope it resonates with some of my readers.
Is the TSP Cheap?
“The Thrift Savings Plan is cheap” may be the most common statement I hear to describe TSP, typically from people nearing retirement who are considering options outside of TSP. But is the TSP really “cheap”?
TSP Challenges
The Thrift Savings Plan is an important tool in retirement planning and one that most federal employees rely on to an extent, but several issues have surfaced recently that you should be aware of.
Inheriting a Spousal TSP
There is a lot of confusion regarding inherited IRAs, especially as they pertain to spousal inherited IRAs and TSP. What happens when a federal employee or retiree dies and has
Guide to Federal Employee Group Life Insurance (FEGLI) in Retirement
Federal Employee Group Life Insurance (FEGLI) is one of the many benefits granted to federal employees. But what many employees fail to realize is
I Wish I Had.... 5 Regrets of Federal Employees
Have you ever wondered what retirees have to say about their finances after they have retired? Well, after my almost 2 decades experience of working with federal employees, I decide to put together a list of the most common regrets that federal retirees have shared with me.