I get it. You don’t want a mortgage in retirement. But taking a large TSP withdrawal to pay off the mortgage is probably not the best solution. At least if you care about how much you pay in taxes Good Intentions I think the famous Read more…
What Are Some Things to Consider Before You Withdraw Money from Your TSP Account? If you are separated from government service and your age is at least 59 ½, you can begin withdrawing money from your TSP account without restrictions or penalties. Before withdrawing money, however, you need to consider Read more…
Some decisions in life are forgiving and some are not. Some decisions have undo buttons attached while others are irreversible. Many of these irrevocable decisions are made all at the same time: Retirement! Here is a breakdown of what these decisions are so you can get them right. The Big Read more…
If you are over 50 and still have FEGLI you are losing money! Unless of course FEGLI is your only option. For most people, FEGLI prices get out of control as you approach retirement. But there are things you can do about it. What Part Again? Read more…
Deciding what to do with your TSP in retirement is a big decision! As your TSP is often the difference between a great retirement and a stressful one. And turning your TSP into an annuity is a big decision that should be made very carefully. Here are the biggest things Read more…
Everyone has the same goal in retirement: Don’t run out of money! But there are numerous different strategies that are used to ensure your money will last. Here are 3 of the most popular strategies. Sacred Principle The first strategy is the simplest. It is simply to only spend your Read more…
If you are planning to retire and never work again (for money) then things are pretty simple for you. But if you are planning to work in retirement there are some major pitfalls you are going to want to avoid. Don’t Fail The Test Both the FERS supplement and Social Read more…
Having federal retirement benefits does not guarantee that you’ll have an amazing retirement. But it does give you an advantage that private sector employees don’t have. Long story short, you are probably doing better than you thought. The Big Two A federal job comes with lots of perks but there Read more…
Warren Buffet is one of the most successful investors of all time with a current net worth of about 120 billion! But is there any part of Buffett’s investment strategy that applies to federal employees? I am glad you asked! While Warren made his billions picking individual stocks he gave Read more…
Pay Raise of 5.2 Percent in 2024 In December of 2023, the White House signed an executive order to increase the average pay raise by 5.2 percent. The executive order became effective on January 1, 2024, and implemented on the first biweekly payroll cycle (January 14, 2024). This 5.2 percent Read more…
