Odd Aspects of TSP
The Thrift Savings Plan is widely known as one of the best retirement plans available. It excels at being simple and having low cost, but that doesn’t mean there aren’t some frustrating aspects to it
Taxes and Timing Matter
It’s hard to understate the importance of timing and details when it comes to retirement distributions. Tax efficient distributions can only be done if you understand details of withholding and income taxes
FERS Annuity COLA
Inflation is a hot topic this summer which has many federal employees wondering how it will impact them in retirement
NO, Federal Retirees Should Not Run Out of Money
Why? Federal employees have a large amount of guaranteed income they can count on as a steady stream of cash flow in retirement. Although it is possible for federal employees to run out of money, it is much less of an issue than
FEGLI Now and in Retirement
Federal Employee Group Life Insurance (FEGLI) is a great benefit the federal employees have available to them however, it can also be one of the most expensive benefits
TSP in Retirement
What do I do with my TSP in retirement? Yes, this is the most common question I receive from people nearing retirement, and justifiably so
A Great Reason Not to Take Medicare Part B
One of the most common retirement questions from federal employees is: Should I get Medicare Part B? While there is no “one size fits all” answer to this question, I do think there is a preferable one for high earning retirees. Why?
Lessons From 2020
The year 2020 was a wild one by anyone’s measure. One practice I try to implement is to look back at a year and see if there are any lessons that can be learned, and I believe 2020 can teach us a lot. Despite the destruction that COVID has caused
Should I Buy Long-Term Care (LTC) Insurance?
This is a question that the majority of people over the age of 60 consider, especially as they get close to retirement. Statistics show that long-term care should be a concern for everyone
Don't Wait Until 72 to Access TSP
The TSP is designed to make up one third of federal employee’s retirement income, but taking money out of it can be a tough decision. One of the most common distribution strategies I have heard is
Federal Retirement Mistakes
Retirement is a goal that most of us aspire to. Even though retirement is often thought of as an ending, it is more of a beginning event
Do This Before Maxing Your TSP
Contributing money to your Thrift Savings Plan is a good thing, actually a great thing! But there is one account that should