FERS Employees enjoy many great benefits that it can be a challenge to keep up with them all let alone try to get the most out of them all. This article will summarize your key benefits and some of the most important things to know about each one. TSP Read more…
Working for the government has its perks and all the benefits are definitely among them. But a question that might not have such a unanimous answer is which FERS benefit is the most valuable? Some would say your TSP and others your retirement pension. And while these are great Read more…
Birthdays means something different for everyone but for federal employees, these 8 birthdays really count when it comes to being prepared for retirement. Age 50 Many times, retirement can feel really far away, but there is something about turning 50 that makes it feel closer than ever. Age 50 Read more…
The TSP is a great retirement saving tool, but how does it stack up next to other plans in the private sector such as a 401(k)? Let’s dig into it. In January of 2020 the average TSP balance was $138,933 while the average 401(k) balance was $112,300. The market has Read more…
Would you be willing to move in retirement to save money? Many federal retirees are, especially if they live in a state with high taxes and a high cost of living. And while we all know that where we live is not completely a financial decision, how the numbers stack Read more…
The TSP has served you well over a long career but now it is time to retire. My retiring clients often say things like “Is the TSP still the best option in this new stage of life? Some people talk about moving it to an IRA, but all I’ve known Read more…
A federal employee reached out to me the other day and asked an interesting question. He is retiring at the end of this year, and has a medical procedure scheduled in the next few months. This procedure will keep him out of work for about a month and he wanted Read more…
In these articles and with my clients, I hound on the importance of having a plan for the future. A plan gives us direction and clarity even in turbulent times. And especially for major things such as retirement, a plan makes all the difference. But that being said, I think Read more…
Federal employees are promised an incredible retirement package and many feds think through every detail to make sure they are ready to stop working. That day finally comes and they submit their retirement application, but the transition isn’t as smooth as imagined. First, some of their retirement application forms are Read more…
We all have heard the common regret of “I wish I would have started investing earlier”. Or “If only I knew then what I know now”. But unfortunately, there is nothing we can do to change the past. Fortunately, we can learn from our own past as well as the Read more…
