Federal Employee Information Partnership
“George, I failed Retirement, 6 months of bliss, then I got bored, sleeping in every morning, then staying up late at night. I no longer wanted to go out and see friends, my wife is about to kill me” sounds like a joke, but then who’s laughing. Is retirement an endless vacation? Should be, it […]
Retirement, Then What? Read More »
In my 30 years working with federal employees, I have heard it all. At times, I feel I am thought of as Father Confessor. It makes me feel good when someone says they love their job, but my heart grieves for those that hate their job and are desperate to retire. Retirement is the only
“I HATE MY FEDERAL JOB!” Read More »
Who doesn’t want a bigger retirement? Surprisingly, many federal employees work in positions with dead ends in terms of raises, promotion or other incomes that can have a positive effect on the retirement income. First, let’s look at influences of the retirement annuity (pension) The basic qualifications for a regular federal employee, full and immediate
How to build a bigger and better federal retirement? Read More »
Under what conditions can a TSP be frozen? Not many, but let’s look at Alexander’s, who called me this week with a huge “HELP! I cannot access my TSP!” Alex’ story: Alexander (Alex) is 63 years old, is married, with three grown kids, and plans to continue working with USDA for another 3 or 4
“HELP! I cannot access my TSP!” Read More »
To be aware, one can plan life. The same goes for post-retirement and income from your FERS Supplement and Social Security. This is assessed to persons drawing these incomes and under the age of 62. An additional tax in the event you have a job or business. Based on income, it does not count investment
Supplement / SS Tax Earnings Test 2024 Read More »
“Ain’t getting any better soon” It doesn’t take a PhD in Economics to understand the economy today. Oh, we hear the news, “Jobs Look Good”, “Inflation is under control”, “the market is up”, now let’s listen to the people: “I have to tap into my credit card too often”, “I can hardly afford to drive
Economy, an opinion Read More »
In my 30 years working with federal employees, I have heard it all. At times, I feel I am thought of as Father Confessor. It makes me feel good when someone says they love their job, but my heart grieves for those that hate their job and are desperate to retire. Retirement is the only
I HATE MY (federal) JOB! Read More »
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 »