Income and net worth are probably the two most talked about financial metrics in personal finance. When talking about the ultra wealthy, we tend to use net worth to describe their wealth. But when talking about ourselves or others in our close circles, we are much more likely to talk Read more…
There are many things in life that sound similar but can be quite different. Take cement and concrete for example. Most people think they are the same thing but don’t say that to a guy that pours concrete all day. Or take jam and jelly. They sound similar but some Read more…
A TSP loan can be heaven sent in a pinch or even for a down payment. The interest rate is extremely low (about 0.75% as of September 2020) and the small amount of interest you do pay just goes back into your TSP account. What is not to like? Well, Read more…
I speak with federal employees all the time and some of the same questions seem to come up. Many of these questions come from common misconceptions and myths about FERS retirement benefits. Here are the most common ones. Myth #1: I Can’t Touch My TSP until 59 and ½ Read more…
FERS Employees enjoy many great benefits that it can be a challenge to keep up with them all let alone try to get the most out of them all. This article will summarize your key benefits and some of the most important things to know about each one. TSP Read more…
Working for the government has its perks and all the benefits are definitely among them. But a question that might not have such a unanimous answer is which FERS benefit is the most valuable? Some would say your TSP and others your retirement pension. And while these are great Read more…
The TSP can be a powerful wealth accumulation tool, especially when used wisely. Here are the top three mistakes that Feds makes with their TSP. Not Starting Early When it comes to investing, time and compound interest are key. When those two things get together, the results can be incredible. Read more…
Birthdays means something different for everyone but for federal employees, these 8 birthdays really count when it comes to being prepared for retirement. Age 50 Many times, retirement can feel really far away, but there is something about turning 50 that makes it feel closer than ever. Age 50 Read more…
The question that we all want to know the answer to is: How much money will be coming my way once I retire? And is it enough? These questions have been asked by millions of Feds and getting the right answers can be a deal breaker in planning your retirement. Read more…
I talk with a lot of federal employees all over the world and most feds are wondering the same thing. They ask, “What is the best TSP allocation”? And because it would be impossible to talk to everyone personally, I thought I’d share the perfect allocation here. It is 30% Read more…
