I speak with federal employees all the time from all around the world. I get questions about the FERS pension, Social Security, FEHB, and much more. But the one topic that I get the most question about has always been the TSP. Many TSP questions are straightforward to answer. Read more…
The G Fund is incredibly unique. It is the one TSP fund that the government guarantees won’t lose money. But as many feds have found out, you are also guaranteed to not earn much either. But interestingly enough, this hasn’t always been the case. Back in the late 80’s and Read more…
I love the Roth TSP. It is an incredible wealth building tool. However, most feds that I talk to don’t use the Roth TSP at all. Before I dig into some of the reasons why this might be, let’s get some of the basics straight. https://youtu.be/Kd5fxCHl6hI The Basics The main Read more…
Most of the articles I write are meant for retiring feds. The years approaching retirement are full of decisions that make huge differences for decades to come. But as we all know, planning for the future is like bending down to pick something up, the younger you are, the easier Read more…
Who doesn’t love a good sale? Doesn’t it just feel good to save some money knowing that we took advantage of a limited opportunity? And it turns out that I am not alone. Just last year, us Americans spent a whopping 7.4 billion dollars on black Friday alone. https://youtu.be/TY_dmEHBLzY Taxes Read more…
One of the great things about the FERS retirement system is that there are opportunities to get a retirement check without clocking the proverbial “20 years”. This gives federal employees more flexibility and career options. https://youtu.be/NfiYISKKEIU One of the most common retirement options for those with fewer years of Read more…
One key difference that I have seen between federal employees and those on the private side is how they think about retirement. Private sector employees generally ask, “when can I afford to retire?” Federal employees, on the other hand, more often ask the question, “when am I eligible to retire?” Read more…
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…
