Stay ConnectedFinancial Planner and benefits professional discuss the intricacies of
the Federal Employee Retirement System. This real world experience allows these benefits professionals to address questions they are most frequently asked by Feds as well as Human Resource departments on how benefits work.
Investment advisory services offered through CWM, LLC, an
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It's time to get invaluable insights from cash flow considerations to navigating the intricate rules of the Federal Employees Retirement System (FERS). Discover the three pillars of federal employee income – pension, Social Security, and TSP/investment income.
Our experts, Christian Sakamoto, CFP, and JT Ferrin, CFP, dive deep into the crucial elements of retirement planning using real-life examples, visual aids, and action items.Tune in and learn about understanding your monthly spending, decoding FERS retirement rules, and crafting your personalized retirement income timeline.Happy Planning!
I receive a FERS disability pension, with less than 10 years service. My minimum retirement age by year of birth is 57, but I only have 8.5 years of service, my urgent age is 59, and I also receive my prior military retirement. Since I have less than 10 years of service i was told my minimum retirement age for tax purposes is 62 years, is this correct? As such my disability has been fully taxed as income on line 1a of the tax form. Thanks for any help on this topic. - Paul https://bit.ly/49H7fEZ
Listen to this week's recap episode with Sierra Steele and learn everything you need to know about Medicare and Federal Employees Health Benefits. https://bit.ly/3FZPhQy
What coverage do you have, and what coverage do you actually need? Join Micah and Tammy in this episode, where they explain everything you need to know about Medicare and Federal Employees Health Benefits, providing you with the answers you need to make informed decisions about your health coverage. Understand the importance of healthcare planning and find out the critical changes in healthcare plans, shedding light on the latest updates that directly impact you. Discover the inclusion of infertility benefits across all plans, enhanced maternal health coverage, and a focus on mental health and obesity. Explore the nuances of Medicare Parts A, B, C, and D, and determine whether you need both Medicare and FEHB.
Knowledge is power, and we're here to empower you on your healthcare journey.
I absolutely loved the episode on what you cannot do in the TSP. Naturally, it brought up other questions in my mind. Before I got smart in 2019 and started funneling all of my TSP contributions to Roth, I had designated contributions into Traditional TSP. What is a good strategy when I start withdrawing? Ideally, I'd like to withdraw traditional contributions first, then Roth contributions at a later time (so the Roth balance can continue to grow tax-free). But I don't believe I will have that option when I start withdrawing. What can I do?
Listen to this week's recap episode with Sierra Steele and learn about the most common things clients miss when talking with Financial Planners. https://bit.ly/3MAEL5T
should I delay my social security and let my wife draw it until my FRA? I planned on drawing at 62 anyways. I am retired navy and invest in TSP, also disabled. I hope this make sense. https://bit.ly/3SfzUL8
Listen to 'Follow Up Friday - Year End Tax Planning' and get proactive about your finances and tax planning. https://bit.ly/4730jjv
As the year winds down, it's time to get proactive about your finances and tax planning!
Join us as we explore strategies to maximize your savings, minimize your tax burden, and tackle your taxes before the last minute of the year comes.
Micah and Floyd will guide you through reviewing your withholdings and making paycheck adjustments to optimize your tax savings and explain the importance of identifying taxable income and tracking gross earnings.
Learn how to make the most of your Thrift Savings Plan (TSP) contributions to secure your retirement future and delve into essential year-end tax planning considerations to ensure you're compliant and financially prepared, whether that are strategies to manage your tax bracket both now and in the future, or unique tax implications for individuals turning 70 and starting Social Security benefits.
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