For those that served in the military, we thank you for your service. If you decided to move into civilian service after serving you have most likely heard about the opportunity to “buy back” your military time. According to OPM, “As a general rule, military service in the Armed Forces of the United States is […]
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For participants in the Thrift Savings Plan (TSP), it’s more important to focus on tried-and-true disciplines that have worked over time versus what the stock market is currently doing or what the talking heads predict the market will do. Rebalancing is one such discipline that can potentially reduce risk and increase long term performance, and […]
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Effective September 2019, there will be significant changes made to the Thrift Savings Plan (TSP). These changes will be focused on withdrawal options that have previously lacked flexibility causing many to look for alternative options that offer more accessibility and control to their retirement savings. Here’s a breakdown of the upcoming changes being made to the […]
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There’s great comfort in knowing you can weather the most common “financial emergencies” like a new transmission for your car, a trip to the emergency room and even the dreaded AC unit replacement. It’s important to have an emergency fund in place, but what’s considered a viable amount and how long does it take to build? […]
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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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