Currently browsing:

Federal Employee Articles

What Will You Do With Your Pay Raise?
January 8, 2018

The new year has arrived, and with it comes a raise in pay for many federal employees. The calculation of these pay increases is a complicated subject, far beyond the scope of this blog, but you will be notified of any raise by your employer anyway. Beyond that, you might…

Read More

How the New Tax Plan Might Affect You
January 2, 2018

As you have probably heard by now, Congress finally agreed upon a new tax plan. While your own individual circumstances might vary from the norm, the following breakdown of the most major changes can help you see how the new tax laws might affect you. More importantly, this might help…

Read More

What is the Advantage of a Fed-Focused Advisor?
December 22, 2017

There are plenty of financial advisors in the world; it seems there is at least one in every town! For most people, the decision to choose an advisor might come down to who is close to home, who has more experience, and who their friends or co-workers recommend. But when…

Read More

Should You Choose a Roth TSP?
December 18, 2017

As a federal employee, you have the option to set aside money for retirement via your Thrift Savings Plan (TSP). That’s on top of your annuity plus Social Security benefits, meaning you have quite a bit of power to establish a healthy retirement income for yourself! So, deciding to utilize…

Read More

Could Working During Retirement Actually Cost You Part of Your Social Security Benefits?
December 9, 2017

Once you retire, you will rely upon your Social Security benefits, your annuity from years of service as a federal employee, and any money saved in your Thrift Savings Plan. That all sounds pretty straightforward, right? But what if you decide to take on a part-time job, start a home-based…

Read More

How to Make Sure Your Charitable Contributions Count
December 4, 2017

It feels good to give to the less fortunate, especially at this time of year. But, it also feels good to earn a valuable deduction on your income taxes. You can accomplish both of these goals at the same time, by claiming your charitable contributions as a deduction on your…

Read More

Open Enrollment Season Presents a Possible Dilemma for Federal Retirees
November 20, 2017

Fall brings pumpkin spice lattes, cool nights, the promise of holidays around the corner… and decisions about healthcare. Okay, so that last item doesn’t exactly sound like a fun time, but healthcare is definitely an issue that we all face. Medicare is currently operating their Annual Election Period, from October…

Read More

Determining Your Income Needs in Retirement
November 13, 2017

As a federal employee, you enjoy one of the best retirement systems in the nation. However, don’t let that fact mislead you into thinking that you don’t need to plan for retirement! Some people have made the mistake of simply assuming that they will have “enough” income, without defining what…

Read More

Your Thrift Savings Plan Gets a Boost in 2018
November 6, 2017

Throughout this fall, we’ve watched as President Trump and Congress have debated various adjustments to our tax code and the federal budget overall. While many propositions currently remain undecided, one change will definitely take place beginning in January. Contribution limits for certain tax-advantaged retirement plans have been raised. The change…

Read More

2018 Cost of Living Adjustment Has Been Announced by Social Security
November 1, 2017

Like most federal retirees, you will enjoy the potential of three forms of income in retirement: Your annuity payments, income from money you set aside in your Thrift Savings Plan, and your Social Security benefit. Since your Social Security payments are subject to periodic adjustments (indexed to the inflation rate),…

Read More

Have questions? Need assistance?

Use the form below to schedule an appointment.

Call 913-227-4224 or email info@bfgkc.com