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Federal Employee Articles

What Are You Teaching Your Adult Children About Retirement?
July 1, 2019

We often think that we’re finished teaching our children once they’ve grown up and left home. But in reality, your adult kids are still learning from you. In fact, they’re likely to make their own retirement planning decisions based largely upon what they’ve observed you do, and what you’ve shared…

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Do You Believe Any of These Common Finance Myths?
June 24, 2019

One of the reasons so few people adequately plan for their financial futures is due to the proliferation of several common myths. Some believe that Social Security will provide everything they need for retirement (it won’t), or that their life insurance payout will take care of their families in an…

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Evaluating Your Healthcare Options in Retirement
June 17, 2019

As financial planners, we spend a lot of time talking about the three tiers of your Federal Employee Retirement System. Social Security benefits, your annuity payments, and withdrawals from your Thrift Savings Plan will provide three streams of income in retirement. But considering the average couple will spend about $275,000…

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Estate Planning for Federal Employees
June 9, 2019

When you first became a federal employee, you filled out a number of forms related to your benefits. You might have established a contribution schedule for your Thrift Savings Plan, opted for Federal Employees Group Life Insurance, and made other decisions related to your benefits. Another big decision revolved around…

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Six Common Mistakes to Avoid in Retirement
June 3, 2019

When we talk to clients about retirement planning, we find that they tend to focus on savings. Naturally, everyone is going to do that, and for good reason. They need to feel assured that withdrawals from their Thrift Savings Plans, along with annuity payments and Social Security benefits, will adequately…

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Income Taxes in Retirement: Part Two
May 27, 2019

Last week, we talked about income taxes in retirement. Unfortunately, some things never change! So you most likely still pay some taxes after you retire, although your tax bracket and/or the amount you pay might change somewhat. We already focused on how your pension is likely to be taxed, so…

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Income Taxes in Retirement: Part One
May 20, 2019

When you retire, you will say goodbye to your daily commute, your desk, your alarm clock, and perhaps a few more aspects of your current life. If you’re like most people, you might not miss these things very much! But there is one thing many of us won’t say goodbye…

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What Does a Later Retirement Mean for Federal Employees?
May 13, 2019

We often talk about the perks of federal employee retirement, with one of the major benefits being the possibility of an earlier (than usual) retirement. At least compared with the private sector, federal employees stand a greater chance of retiring before their “full retirement age” according to Social Security (defined…

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Some Experts Predict a Recession in 2020
May 6, 2019

After several years of economic recovery and moving in a positive direction, will the old rule of “what goes up must come down” prove to be true? Nothing is certain at this time, but some experts are predicting a recession that begins in the next year. A survey by Duke…

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Examining the Federal Long Term Care Program
April 22, 2019

You’re eyeing retirement, knowing you enjoy one of the most comprehensive retirement packages around. But are you aware of some the other benefits offered to federal workers? Many other programs are less “advertised”, but valuable in their own right. Taking a moment to consider them is worth your time, particularly…

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