Question I’m married, I noticed with the retirement package and the tsp plan there is an area where the spouse must sign. With the tsp must my spouse be notarized for each change made in withdrawals from the tsp? ( Example, monthly withdrawals to quarterly withdrawals) Answer You are Read more…
As a FERS employee there are numerous rules and nuances to understanding when thinking about retirement. First and foremost, you have to understand what type of retirement you are going to qualify for and what type of benefits you will get under that type. The MRA+10 retirement is a Read more…
I recently got this interesting question from a subscriber: “Should I retire at 60 vs. 62? I know that I’d get the FERS supplement if I retire at 60 but I’d get the 10% pension bonus if I retire at 62. How do I do the math to Read more…
Now don’t get scared after reading the title. Retirement can be and should be a great time. I hear many success stories all the time about feds who absolutely love retirement life. But, I also hear many other stories of things that really took some federal retirees by 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…
Work is an incredible thing. When we enjoy our jobs, it gives us a forum to think, create, and contribute. But unfortunately, (as we all know) it can also be a major source of bureaucracy, frustration, and stress. For those that don’t enjoy their work, retirement planning comes a Read more…
Having enough money in retirement is one thing but being happy in retirement is a whole different story. And while getting your money right in retirement certainly aids in your happiness, there are certainly other things to consider as well. Here are 4 Things that can give us the best Read more…
https://youtu.be/FNH9_MQSBWo Question My husband will retire at age 60 with 38 yrs in combined Gvt. (special provision) and military. Due to Covid-19 our new home in FL. is now 1-2 yrs away right around retirement time. Should we use our TSP to pay for our new home in full or Read more…
Retiring early from the federal government is a dream come true for many feds. But how does an early out retirement work for feds and does it make sense for you (if you are even offered it at all)? For some, an early retirement makes incredible sense (because they were Read more…
Retirement can and should be an incredible time. After all, you have worked your entire life to achieve financial independence and “retire”. But then why does The Wall Street Journal say that retirement can be one of the worst things for your health? According to this 2019 article, retirement is Read more…
