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…
Working for the federal government is often not known for its crazy high salaries and bonuses. Despite this, many federal employees retire as millionaires. How is this possible? The answer: They knew how to use the TSP (Thrift Savings Plan) correctly. How To Invest In Your TSP Read more…
Question 1 If I retire at age 62, and I do a rollover into a traditional IRA, do I pay taxes on the rollover amount? Also, if I am over 59.5 yrs old (I plan to retire at 62) can I take a lump sum out of my TSP? If Read more…
Many of us have noticed that the cost of almost everything has increased significantly since this time last year. Home prices have skyrocketed. Health care expenses have surged. And even grocery prices have jumped. We all have dealt with this to some degree over our career but how Read more…
Have you ever bought something to then realize that you didn’t actually need the product/service? Or maybe you realized that you significantly overpaid for it? Unfortunately, I see this sort of thing all the time with Federal Employees and the federal life insurance (FEGLI). Now don’t get Read more…
https://youtu.be/83XF_RU4vaA Question 1 I currently work at a VA hospital. I have been investing 15% of my income into the traditional TSP and also 15% in the Roth TSP. I listened to one of your videos, and you had mentioned if you are married filing jointly and making over $209,000 Read more…
Question 1 I listened to your episode about investing in the TSP and traditional and Roth IRA all at the same time. I have money in all 4 (Roth and traditional TSP and Roth and traditional IRA outside of TSP). When I max out contributions to one account can I Read more…
