Federal Employee Information Partnership
Designating a Beneficiary When you were hired, you designated your beneficiaries to receive your life insurance benefits and survivor benefits. However, life goes on and as life changes, and people may come and go, new additions, a review of all designated beneficiaries are a must in terms of smart planning, when life changes occur. When […]
Review Beneficiaries and Essential Documents Read More »
So, you are divorced, your ‘ex’ married a rich guy with 7 gas stations, and she will still receive half of your retirement annuity and TSP, because you never changed the beneficiary to your new wife. Perhaps the kids are listed as FEGLI beneficiaries, except poor Teddy, who was born after your last beneficiary review.
What in the world is a coordinated retirement plan? When was the last time you heard of a doctor, a financial planner, a lawyer or a real estate agent getting together to coordinate their planning efforts for a client they all serve? When you think about it, all of these elements have an impact on
The COORDINATED RETIREMENT PLAN Read More »
Retirement planning involves making some very important decisions regarding your federal pension benefit, Thrift Savings Plan investments and Social Security. This week, I’d like to focus on the last of these, because it includes a variety of benefits, each with a specific time frame for claiming and unique rules regarding payouts. and each comes with its
Social Security Benefits You May Be Unaware Read More »
First, let’s look at the Employee Retirement Income Security Act of 1974 (ERISA) It was created to provide employees with a retirement boost in federally sponsored retirement benefits. To the federal employee as well as local government and private industry. The account are the TSP, but to include IRA, 401(k), 403(b) and other ‘Defined Contribution’
What Does Rate of Return mean to your TSP/IRA, 403(b) or 401(k)? Read More »
I get this question 3 or 5 times per month. The answer in three words, YOU CAN NOT! and here is why: If you really want to convert your TSP to ROTH, understand that first, the conversion is a taxable event, therefore, your income, from the job, the income from supplement or social security, the
Converting all my TSP to a ROTH TSP? Read More »
Military Reservist or Guardsman, sometime face a conundrum; work or reserve? Did you know the law supports you, the Reservist and Guardsman under the Uniformed Services Employment and Reemployment Rights Act. You have an ombudsman, to work for you, on your behalf. Employers signing a statement of support pledge that: Uniformed Services Employment and Reemployment
Support for Guardsman & Reservists Read More »
what fact and fiction? What concerns me, is what is said about this subject, which is far from fact, when in fact, as of this writing, much is unknown and not explained well to the federal employee. I am speaking loss of job and early retirement through a , RIF, VERA, and VSIP, the incentive
REDUCTION IN FORCE Read More »
What are life events? We know that the birth of a child, or the loss of a spouse are certainly life events, however, under the stress of divorce or buying and selling a home, we forget these too are life events. When something occurs, we must take stock and make sure that our lives and
Life Events Effecting Future and Retirement Read More »
Is what you want, what you get? The TSP is clearly the most controllable of all elements of your federal retirement, so, you may wish to consider how you are managing those dollars. I think it is important for any written opinion to periodically back up their opinion with statistics. I have, for as long
Federal Retirement Read More »