https://youtu.be/Aav6n9N8104 Let’s talk about estate planning. Now before you click away thinking, “I’ll deal with that later,” I urge you—please hang with me. Estate planning may not be fun, but it is one of the biggest gaps I see in federal employees’ retirement plans. And that’s a problem. You’ve Read more…
https://youtu.be/qjOn9AoH440 As a federal employee, you’ve worked hard to build your wealth — through diligent saving, long hours, and taking advantage of solid benefits like the Thrift Savings Plan (TSP), federal pensions, and high-quality health insurance. But here’s the truth: building wealth is only half the battle. The real Read more…
Federal employees enjoy some of the best retirement benefits available, but simply having access to these benefits is not enough. To ensure a comfortable and financially secure retirement, employees must understand these benefits and how to optimize them. This guide will help you navigate the three main sources of federal Read more…
While working for the federal government, the TSP is an important part of preparing for your retirement from federal service. Between government matching contributions (up to 5% of salary) and low-cost investment options, the TSP is a no-brainer while still working for the federal government. Once you retire, you can Read more…
Designated Beneficiaries The simplest way to specify who will receive a specific asset after your death is to add designated beneficiaries on that asset. These assets could include bank accounts, brokerage accounts, retirement accounts, life insurance policies, annuities, pensions plans, trusts, real estate, etc. The designated beneficiary will normally gain Read more…
What is a Trust? A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. A living trust is a legal arrangement established during an individual’s lifetime that contains assets to be distributed after death and that bypasses probate. A trust can Read more…
What are the Tax Differences Between Traditional and ROTH TSP Accounts? One of the differences between a Traditional TSP account and a ROTH TSP account is in the taxation of contributions and withdrawals. For a ROTH account, you have to pay taxes on your contributions but the account can grow 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…
https://youtu.be/jph5RZNWBkk Your TSP (Thrift Savings Plan) is an awesome place to save for retirement and get tax benefits. But what happens to your TSP when you die? Where does it go? Who has to pay taxes/penalties? When do they have to withdraw it? This article will help Read more…
https://youtu.be/FVUMdKjDrfE The Best States to Retire for FERS Retirees in 2024: A Comprehensive Guide Retirement is an exciting phase of life, and for employees under the Federal Employees Retirement System (FERS), choosing the right state to retire in can significantly impact their financial well-being and overall quality of life. In Read more…
