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…
Over the last few years, healthcare costs have risen at around 5% a year and continue to be a concern for many. To help with this rising cost, the government made HSA’s (Health Savings Account) available as of 2003. HSA’s can be an incredible tool to save money on Read more…
The TSP is a great retirement saving tool, but how does it stack up next to other plans in the private sector such as a 401(k)? Let’s dig into it. In January of 2020 the average TSP balance was $138,933 while the average 401(k) balance was $112,300. The market has Read more…
This is another question that I get all the time. Am I contributing enough to the TSP? Or said in other words, how much should I be putting in my TSP? But just like many other questions in life, there is no perfect answer. If there was, it would Read more…
