TSP/Investing
Q&A: Why Order Matters (A Lot!!) with Your TSP
https://youtu.be/mgL13LuJJxo Question As always, thank you so much for your clear videos. For the most part you clear up the murky topic called retirement. My question is: I’m 59 and retiring this year and I have just sold my home. The proceeds of that sale went to pay off Read more…
Retirement Planning
Is December 31st Really the Best Day to Retire?
I talk with feds all the time that are looking to retire and the most common answer to “when would you like to retire” is hands down December 31. OPM is always swamped in the first months of each year dealing with the surge of retirement applications. But Read more…
FEGLI
What You Have to Understand about Insurance in Retirement
Just like your TSP, pension, and other retirement income, your insurance plays a major role in your career and in retirement. Getting the right coverage is not only crucial for a solid financial plan but there are often opportunities to save hundreds if not thousands of dollars when you understand Read more…
FERS Pension
When It is a Bad Idea to Give Full Survivor Benefits to Your Spouse
Survivor benefits can often be the difference between a spouse having a comfortable retirement or a stressful one. So getting this one right is crucial. But does it always make sense to leave your spouse full survivor benefits? No. I believe that there are specific times where you Read more…
FERS Pension
The 2022 FERS Pension COLA is the Biggest (But Worst) in 10 Years?
One of the best parts about being a federal employee is your pension and one of the best parts of your pension is the cost of living adjustments (COLA) that you receive in retirement. And for those that are new to the subject, COLAs allow your pension to increase based Read more…
FEHB
Q&A: Biggest Change to FEHB in Retirement
https://youtu.be/MLeZpngg-UA Question 1 I have worked for the post office for 30 yrs and understand my retirement benefits pretty well. However, I have a friend that resigned after 10 years of service and went to work at a non government job. Is there any federal retirement pension benefit for them Read more…
TSP/Investing
How to Access Your TSP Before 59+1/2 Without Penalty
Retirement accounts (TSP, IRA, 401k etc.) can be a great way to save money for retirement while also getting significant tax benefits. But with these benefits comes a number of rules that limit when and how you can access these funds. One of the most well known rules Read more…