Retirement Planning
Do Your Counterparts Really Make More Outside the Government?
https://youtu.be/Hhh0FM20Lus
Retirement Planning
Q&A: Should I Delay Social Security and Live Off TSP In the Meantime?
https://youtu.be/vs8E9JfcrBM Question 1 I’m a nurse working for the VA. I work night shift (80 hours of night shift differential) and every other weekend (48 hours of weekend differential) every pay period. Is the differential pay part of your salary for your high 3 for retirement calculation with FERS? Or Read more…
FERS Pension
Q&A: Will Your FERS Pension Reduce your Social Security?
Question 1 Can you do a video on whether the lump sum check for annual leave affects the FERS Supplement Earnings Limit? Answer 1 Great question. There are a number of things that do not affect your FERS Supplement earnings limit. Any income you have from your job including Read more…
Retirement Planning
Q&A: The Most Important Person In Your Retirement Planning
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…
FERS Pension
MRA+10 Retirement: The Ultimate Guide
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…
FERS Pension
Should You Take the FERS Supplement or 10% Bonus to Your Pension?
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…
Retirement Planning
Why Feds Struggle The First Year of Retirement
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…
FEHB
Q&A: Getting Health Insurance if Retiring/Traveling Overseas
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…