Planning for retirement is a significant undertaking, especially for federal employees. The Federal Employee Retirement System (FERS) offers a robust benefits package which includes an annuity also know as a pension, which is generally considered the most important benefit for retirement income planning. If you’re in FERS, you can actually lock in a 10% increase to […]
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Protecting our loved ones from financial burden and hardship is understandably a high priority for many folks. A lot of times this is accomplished through the use of life insurance. The key is to establish the appropriate amount of coverage to protect your family, then research the most cost effective way to provide that safety net. […]
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The idea of retiring in your 50’s as opposed to your 60’s appeals to many Americans, and for good reason. Why postpone the good life, right? However, if you are serious about retiring early, you need to plan in advance and make sacrifices many years ahead of time. Here are 8 areas to consider if your […]
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For federal employees approaching retirement, there are a lot of questions and considerations to take into account. One of the more well-known and frequently asked questions involves the Thrift Savings Plan (TSP), specifically whether you should leave your retirement savings in the TSP or move them to an IRA. It’s a weighted question and one that […]
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It’s no secret that college expenses add up quickly. Nowadays, paying for college takes time and careful consideration of a family’s finances. Good news is there are plenty of saving plans available to help pay for college – the most popular one being the 529 Plan. The biggest appeal of the 529 Plan is it […]
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By all accounts it has been a phenomenal run for stocks. Through the end of 2017, the S&P 500 has had a positive total return in 19 of the last 20 quarters. The S&P 500 recorded a loss of 0.8% in the first quarter of 2018. This is the ninth time since 1990 that the […]
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The Overview The U.S. Senate recently passed a new tax bill titled, “Tax Cuts and Job Act”. President Donald Trump signed this bill, stating that it will be beneficial both to individuals and corporations. The bill will go into effect for 2018 taxes, bypassing 2017 taxes. The Breakdown The bill has a wide range effect, […]
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Save Now, Then Save Some More! We all know that saving for retirement is important, and it’s never too early to start. However, it never feels as simple as putting money aside – there’s always something that gets in the way. Whether it’s loans or debt that’s holding you back, is it better to pay […]
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