Question 1 Does the necessity of having health insurance for five years before retirement also apply to vision and dental insurance? Answer 1 No, the 5 year rule does not apply for vision and dental (FEDVIP) to be able to keep it into retirement. The only requirement to Read more…
Have you ever bought something to then realize that you didn’t actually need the product/service? Or maybe you realized that you significantly overpaid for it? Unfortunately, I see this sort of thing all the time with Federal Employees and the federal life insurance (FEGLI). Now don’t get Read more…
Question 1 Can I transfer funds from my ROTH TSP into my ROTH IRA after I retire from the Federal Government or will funds need to be transferred prior to retiring? Answer 1 You certainly can move money from the Roth TSP to a Roth IRA after retirement and Read more…
Question Can I contribute external money from an existing non-TSP IRA account to my existing Roth TSP? Answer You can transfer a traditional IRA into your traditional TSP however you can not transfer a Roth IRA into the TSP at all. The only way to transfer after-tax money into Read more…
Question This segment takes us just to the edge of answering what our benefits look like in retirement. Didn’t answer: will the government continue to contribute to health insurance? What happens to basic life? Do we lose our supplemental life – is there an option to keep it? I heard Read more…
Just like your TSP, pension, and other retirement income, your insurance plays a major role in your career and in retirement. Getting the right coverage is not only crucial for a solid financial plan but there are often opportunities to save hundreds if not thousands of dollars when you understand Read more…
https://youtu.be/MLeZpngg-UA Question 1 I have worked for the post office for 30 yrs and understand my retirement benefits pretty well. However, I have a friend that resigned after 10 years of service and went to work at a non government job. Is there any federal retirement pension benefit for them Read more…
Life insurance often plays a critical role in being financially prepared for the future and protecting our families. But like many of the great benefits that federal employees enjoy, there are a lot of details and nuances that few understand. And many of these details are critical to getting Read more…
https://youtu.be/k7ce1qkYYFk Question 1: Thanks for all your advice on Federal retirement. You provide the best advice I’ve heard, and I am letting my colleagues know. Here is my question: What is the role of Federal Long Term Care Insurance Program (FLTCIP) in a federal retirement? How does this program compare Read more…
https://youtu.be/u4wH9e1ygiA FEGLI, or Federal Employee Group Life Insurance, is one of the largest group term insurance programs in the world and has many advantages. That being said, there are times that it simply doesn’t make sense anymore. This article will help you understand when to opt-in and when to Read more…
