While working for the federal government, the TSP is an important part of preparing for your retirement from federal service. Between government matching contributions (up to 5% of salary) and low-cost investment options, the TSP is a no-brainer while still working for the federal government. Once you retire, you can Read more…
HR pension estimates are one of the most important documents that help you make sure you’re prepared for retirement. However, it is very common for these estimates to have mistakes. When federal employees rely on these estimates without checking them, they can run into big problems down the Read more…
Surprise! You know that lump sum payment you get at retirement for any unused annual leave? The government wants to take back 40%-ish of it. But there are some things you can do to keep a bigger slice. The Problem I recently got this question from Read more…
I get it. You don’t want a mortgage in retirement. But taking a large TSP withdrawal to pay off the mortgage is probably not the best solution. At least if you care about how much you pay in taxes Good Intentions I think the famous Read more…
https://youtu.be/z6-jCgcf8EA There are countless ways to lower your taxes in retirement. But can any of these strategies get you to $0 in taxes? And if they could, is the juice worth the squeeze? How to Get to $0 in Taxes There are only 2 ways to Read more…
https://youtu.be/OzbsSFc3kaU Some states are expensive to live in and some are expensive to die in. But before you get too sad about it, most of you probably won’t owe any death taxes. But some of you will. It depends on where you live and how much you have. What Read more…
https://youtu.be/xvBgNzChfJk Taxes and Social Security tend to be emotional topics just by themselves and putting them together is just asking for trouble. So buckle up. Let’s dive in. What!?! They Take Back Social Security! Surprise! If you didn’t know already the majority of your Social Security payments Read more…
https://youtu.be/xvBgNzChfJk I hate to be the guy with bad news but you need to know. After paying into the Social Security system your entire life you are (most likely) going to have to give some back in taxes. But I also have good news. Here are 5 ways Read more…
https://youtu.be/3YiF1NOX5Io We’ve all heard it. There is nothing we can do to avoid death and taxes. But is that really true? When it comes to death, I have nothing for you. I have not yet found the fountain of youth but I’ll keep you posted. But Read more…
