Are you planning to retire from the federal government within 5 years? If so, then it is crunch time to make sure everything is squared away for a great retirement Here are 5 things that you need to know/do to be prepared. Make Sure You Can Keep Read more…
https://youtu.be/9QSWFIyae8U Do you want to retire early or at least have the option to retire early? If so, you are not alone. Many studies are now showing that many Americans want to retire earlier than ever. But as a federal employee, is early retirement even possible? Read more…
It is common to hear that as a federal employee, “you must have a great retirement, right?” But what does that mean? And what benefits are included in this ‘great retirement’? There are really 7 separate benefits that you (can) have and this article breaks down what Read more…
https://youtu.be/r7BzlRd4IWQ Question 1 So I just retired under voluntary immediate retirement. I took a position with another company and am wondering if there will be an effect on my FERS supplement payment? Answer 1 If you are working at a job or your own business then that income can certainly Read more…
https://youtu.be/vCGCHYhL1B0 Question 1 Can I retire at 57 (MRA+10), Postpone my pension until 62 and still be able to get around the 10% penalty for early withdrawal from the TSP between 55-59 1/2? Answer 1 The short answer is yes. As long as you retire after the year Read more…
I do not like making mistakes. I am kind of a perfectionist in that way. I like things to be done perfectly the first time. But as we all know, it is just a matter of time before we all make a blooper and sometimes these bloopers get Read more…
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…
Not having a mortgage (especially going into retirement) is an incredibly attractive thought but is it worth anything in order to get there? Definitely not. There are certainly times when it pays big time to get rid of the mortgage but certainly not in all cases. Here Read more…
Question 1 If I retire at age 62, and I do a rollover into a traditional IRA, do I pay taxes on the rollover amount? Also, if I am over 59.5 yrs old (I plan to retire at 62) can I take a lump sum out of my TSP? If Read more…
Many of us have noticed that the cost of almost everything has increased significantly since this time last year. Home prices have skyrocketed. Health care expenses have surged. And even grocery prices have jumped. We all have dealt with this to some degree over our career but how Read more…
