Your unused annual leave can be a nice bonus for those retiring. Let’s dig into how it works. Remember that annual leave and sick leave is handled very differently. Make sure you don’t mix up the two when planning for retirement. Retirees receive a lump sum payment for their unused Read more…
The Setting Every Community Up for Retirement Enhancement Act of 2019, also known as the SECURE Act, which originally passed the House in July, was approved by the Senate on Dec.19, 2019, and signed into law on Dec. 20 by President Donald Trump. I am not going to dig too Read more…
The coronavirus has really shaken things up in the last few weeks. People are scared. This is evident by the fact that most stores are completely sold out of toilet paper and hand sanitizer, not to mention the stock market has dropped more than 25% in the last few weeks Read more…
The unused sick leave hours that you have at retirement can increase your pension but this might not make sense for everyone. Here is how it works. It is important to know that unused sick leave and unused annual leave is treated very differently. If you retire with any unused Read more…
Retirement can be an incredible time as a federal employee. You worked hard for many long years and now it is time for you to enjoy the rewards. But the place that you choose to retire can have a huge impact on your financial situation. The things to consider are Read more…
Your TSP is an incredible investment tool, especially during your career. The question, is it worth keeping in retirement? Many people suggest that it always makes sense to roll your TSP into an IRA. But this isn’t always the best for everyone. Let’s dig into the pros and cons. Pros Read more…
Being a Federal Employee has many perks, including great benefits and retirement packages. One perk that many federal employees fail to notice is loan forgiveness. Although not all loans and employees are eligible, it has been an incredible opportunity for many. To qualify for PSLF (Public Service Loan Forgiveness) a Read more…
With the cost of healthcare rising at incredible rates, finding the best options for healthcare in retirement can be a deal-breaker. For the average federal employee, Medicare is an integral part of their health care planning in retirement. Let’s start with the basics of how Medicare works. Most people in Read more…
This is a crazy time for the world. A time that no one has predicted or lived through before. The global spread of the coronavirus as well as the economic consequences that are following are unprecedented. In response to these events, the Coronavirus Aid, Relief, and Economic Security (CARES) Act Read more…
Following President Trump’s executive order confirming federal employee pay raises, the average employee will receive a 3.1% pay raise. Now, we all know what often happens when we get a raise. The first few paychecks are really exciting and the extra pay feels like a nice bump. Then, we adjust Read more…
