https://youtu.be/1UUe5C3WgRU We all want out retirement savings to last as long as possible and reducing your tax bill in retirement can be a great way to stretch every dollar. One of the biggest factors that will determine your tax bill in retirement is where you live and surprisingly, there Read more…
Who doesn’t love a good sale? Doesn’t it just feel good to save some money knowing that we took advantage of a limited opportunity? And it turns out that I am not alone. Just last year, us Americans spent a whopping 7.4 billion dollars on black Friday alone. https://youtu.be/TY_dmEHBLzY Taxes Read more…
A TSP loan can be heaven sent in a pinch or even for a down payment. The interest rate is extremely low (about 0.75% as of September 2020) and the small amount of interest you do pay just goes back into your TSP account. What is not to like? Well, Read more…
Over the last few years, healthcare costs have risen at around 5% a year and continue to be a concern for many. To help with this rising cost, the government made HSA’s (Health Savings Account) available as of 2003. HSA’s can be an incredible tool to save money on 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…
As a federal employee under the Federal Employees Retirement System (FERS), you are blessed with an incredible retirement package. Retirees under FERS are entitled to a pension, something that is becoming a thing of the past in the private sector, plus there are a lot of other benefits that federal Read more…
Many people have heard of a Roth IRA but what is a Roth TSP and how is it different from the regular TSP? Let’s get into it. The main difference between the regular TSP and the Roth TSP is when you pay taxes. For the regular TSP, your contributions are Read more…
