Surprise! You know that lump sum payment you get at retirement for any unused annual leave? The government wants to take back 40%-ish of it. But there are some things you can do to keep a bigger slice. The Problem I recently got this question from Read more…
Is it time to part ways with your TSP (Thrift Savings Plan)? It has been a great place to save/grow your money during your career but are there greener pastures in retirement? Here are the most important factors to consider when deciding whether to stay with the TSP Read more…
Have you noticed that so many federal employees retire at 62? Is that just a coincidence or do they know something you don’t? Here are the 4 HUGE reasons why federal employees retire at 62. 5 Year Magic To leave the government and keep some of Read more…
If you do it right you will walk away from the government with a large lump sum check. But you got to know what you are doing to maximize it. The key is your Annual Leave. How it Works When FERS employees retire they are given Read more…
Is 600k in your TSP really enough to retire? Or do you need 2 million like that one article said? Well there is only one way to find out! Let’s dive in. You Aren’t The Average Before we dive into the numbers it is important Read more…
These are the golden retirement ages for federal employees: 57, 60, or 62 But what makes these ages so special? What age is the absolute best? Let’s dive in. Magic Benefits The magic of these ages is the fact that many of your federal retirement Read more…
If you are on vacation to another country and need emergency medical attention the vast majority of FEHB (federal health insurance) plans will cover it. However, if you are overseas for an extended period of time very few FEHB plans cover normal (non-emergency) medical care in other countries. Read more…
Yikes! Survivor Benefits on your FERS pension is expensive! There has got to be a better way to make sure your spouse is financially okay, right? Life insurance has got to be cheaper, right? Maybe, but there are some curveballs 🙂 Sticker Shock You better Read more…
Putting money in the TSP is easy. There are millions of federal employees that do it without incident every 2 weeks. But getting money out? That is much harder. At least if you don’t know what you are doing. Perks and Penalties The TSP has Read more…
There are a couple of Golden Retirement Ages that are extremely popular. Age 57, 60, and 62 are the biggest ones. But there are 3 very specific reasons that people like retiring at 57 Minimum is The Maximum Why do so many people leave the government Read more…
