The TSP (Thrift Savings Plan) is awesome at creating wealth and helping you retire confident. However, many federal employees cripple themselves by making one (or many) or the following TSP mistakes. Not Saving Enough Early The most powerful element in investing is time. The more time we Read more…
https://youtu.be/MBNOUlHbAVE Being a federal employee has numerous perks and benefits with one of the most significant ones being your FEHB (health insurance). But as people approach age 65, Medicare comes into the picture and can have a huge impact on federal employees’ retirements. This guide will answer the Read more…
What sets apart those that are extremely well prepared for retirement from those that may be cutting it close? In my experience, it is often debt (the lack of) and the TSP (Thrift Savings Plan). And while keeping debts to an absolute minimum (i.e. paying off your mortgage Read more…
If you are like most federal employees, Social Security is a BIG part of your retirement and deciding when to start it is a big deal. But there is one big Social Security paradox that is running rampant across the internet. Nearly every article you read about when Read more…
Question 1 My wife separated from service at around age 35 after 8 years of service (FERS) a few years ago to stay home with the kids. Wondering what, if anything, we should do with the money left in her traditional tsp? I am contributing to my tsp as well. Read more…
I do not like making mistakes. I am kind of a perfectionist in that way. I like things to be done perfectly the first time. But as we all know, it is just a matter of time before we all make a blooper and sometimes these bloopers get Read more…
Question 1 Does the necessity of having health insurance for five years before retirement also apply to vision and dental insurance? Answer 1 No, the 5 year rule does not apply for vision and dental (FEDVIP) to be able to keep it into retirement. The only requirement to Read more…
Not having a mortgage (especially going into retirement) is an incredibly attractive thought but is it worth anything in order to get there? Definitely not. There are certainly times when it pays big time to get rid of the mortgage but certainly not in all cases. Here Read more…
