Growing up, I played a lot of sports and I hated being average. I wanted to be the best and win at everything I did. And this mentality has stretched over to school, work, and family life. I am always striving to be above average at everything. Everything, that is, Read more…
The corona-induced stock market slide nearly cut the number of TSP millionaires in half at the end of March 2020. This slide has made many rethink their investment plans and philosophies. After years of incredible returns in the stock market, it almost seemed like it would never end. But as Read more…
Do I have enough in my TSP? Or do I have enough to retire? I get these questions all the time and understandably so. Everyone wants to know where they stand but interestingly enough, I hear the same concern from those with 100k in there TSP as well as from Read more…
In my day job as a financial planner, I speak with a ton of feds within a couple years of retirement who are cramming money into their TSP as fast as they can. They are all trying to make up for lost time and do some last minute prep. I Read more…
TSP Calculator / TSP Balance Estimator at Retirement No calculator will get your future TSP balance exactly right. This is because there are many variables that we simply can’t predict. Some of these include: -Future Investment Returns -Inflation -Tax Rates That being said, this TSP calculator can give you an Read more…
Back in March, I spoke to a federal employee who was pretty proud of himself. He had decided to move his entire TSP balance into the G fund a couple months earlier when the coronavirus was barely making headlines. Since then, the market had seen ups and downs of more Read more…
Since the TSP Modernization Act went into force in September of last year, there are a number of new withdrawal options from your TSP. Before this, the TSP was miles behind comparable retirement accounts on the private side in terms of flexibility. While the act isn’t perfect, it is one Read more…
https://youtu.be/9VTvFSM9Reg One of the biggest fears and questions for retirees is “Will I run out of money in retirement?”. Understandably, this is a fear of just about everyone (unless maybe you are Warren Buffet). Even though FERS benefits put federal employees miles ahead of most private sector employees when it Read more…
It is very easy to be greedy when the market has record highs. When everything is going up, it is so easy to listen to the water cooler talk and double down on the C, S, and I funds. When the market is going down however, it is a very Read more…
I am not at all qualified to give advice on recovering from the actual disease but as we all know, Covid-19 has had many financial symptoms as well as physical. And feds are only partly immune. Federal employees are blessed to have incredible job security. Most people around the country Read more…
