When one spouse is a federal employee there are a number of strategies that often make sense to make sure the other members of their family enjoy all the FERS benefits. But when both spouses are FERS federal employees, there are 3 main decisions that will be a little Read more…
https://youtu.be/9jJWUFgvAZc A big part of being financially fit is managing risk. For example, to manage the risk that we die prematurely, we get life insurance. To manage the risk that one company will go out of business, we invest in a diversified portfolio. Risks will always be present Read more…
https://youtu.be/E0B9xiWgkdQ Retirement is a strange transition for many people. We are no longer using a paycheck to pay our bills. We are now relying on a mixture of fixed income and investment income to get us through the rest of our lives. Because of these changes, the types of Read more…
https://youtu.be/TVlkiL9YDOQ In working with federal employees, there are two main approaches to planning for retirement that I have seen. The first are those that know exactly what type of retirement they want and they plan for and use their benefits and investments to make their dream happen. The second however, Read more…
https://youtu.be/OvXTq0DdZPM Many federal employees do a full 30 year career but many decide on a different career path with much less time clocked. If you do leave the government before you are eligible to retire immediately, one of the biggest decisions that you need to make is whether or Read more…
https://youtu.be/gLB-dHX7ia8 Numerous studies have agreed that the #1 concern that people have who are moving into retirement is running out of money. And this is completely understandable. None of us want to have to get a job at Wal-Mart just to make ends meet in retirement. We all want Read more…
https://youtu.be/4nlBSbaQhEw When most people think of financial planning and planning for the future, they think about investing, their TSP, and their retirement income. One side of planning for the future that many people overlook is planning for all the what-if scenarios of life. One of these what-if scenarios that Read more…
Taking Social Security early really gets a bad reputation. Many people on the internet really hound on it being a bad idea. I have to admit that I hound on it sometimes as well. But just like everything else, there are some noticeable exceptions. In efforts to give a Read more…
https://youtu.be/RCu6m1LJitY As FERS federal employees, Social Security plays a huge role in your retirement. It is another great source of fixed income that will supplement your pension and take tremendous pressure off of your TSP. But as we all know, knowing when to take Social Security can be quite Read more…
