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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What happens to a surviving spouse if an employee dies while working, but that employee was also in the process of buying back military time? My husband has 16 years of service as a Civil Service employee (under FERS), and is currently buying back his military time (12 yrs of military service.) He's paid a little more than 50% of his military deposit so far. https://bit.ly/46CSFw6
Learn how to avoid making irreversable mistakes after death and empower yourself with the knowledge you need to plan for a secure future, covered by Sierra Steele. https://bit.ly/48PDSQH
Don't let irreversible mistakes catch you off guard. Empower yourself with the knowledge you need to plan for a secure future. Let's break down timelines, discuss essential documents like advanced healthcare directives, durable powers of attorney, and wills, and uncover common pitfalls to avoid. Join Micah and Christian as they explore the critical topic of estate planning, unraveling the irreversible mistakes that can occur after someone passes away. Their expert insights shed light on the importance of proper planning, share real-life stories, and provide valuable tips for safeguarding your assets and ensuring your loved ones are taken care of. Whether you're new to estate planning or looking to refine your strategy, this podcast offers actionable advice to help you protect your legacy. Your financial well-being and peace of mind await! https://bit.ly/3PBPldz
"If I retire after age 62, and supplement my monthly FERS pension by making small withdrawals from my Traditional TSP (assume $2,000/ month), would IRS rules determine that I was now in "distribution status," and permanently stuck with Minimum Required Distributions every year?" - Victor.
Learn to make informed retirement decisions and secure your financial future with valuable information in regard to your TSP, covered by Sierra Steele.
Whether you're just starting your career, planning for retirement, or already in retirement, or someone looking to understand TSP better, this enlightening episode with our special guest, Kim Weaver, will help you dive deep into the world of Thrift Savings Plan.
Make informed retirement decisions and secure your financial future with valuable information and expert insights on making the TSP withdrawal process more manageable, and learn about the common challenges people face and how to avoid delays and frustration. Understand your options after retirement regarding TSP withdrawals, outstanding loan balances, and required minimum distributions. Find out the latest statistics on separated participants and their withdrawal preferences, including installment plans, life expectancy-based withdrawals, annuities, and more.
I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of precedence beneficiary assignments being spouse, then children in equal shares. I understand this order of precedence is followed when no beneficiary forms are on file. I have not submitted any beneficiary forms. Are there any advantages/disadvantages of filling out beneficiary designation forms to restate this assignment? What are the advantages/disadvantages to naming my Revocable Living Trust (husband and wife) as beneficiary?
Learn why the TSP is such a phenomenal tool for your retirement and find out what you should know about your TSP funding, covered by Sierra Steele.
In this episode, host Micah Shilanski and a special guest - JT Ferrin, delve into explaining the meaning of TSP Spillover and the advantageous role of Health Savings Accounts (HSAs) in retirement savings.
The TSP Spillover is an important concept that might be unfamiliar to many federal employees. Micah and JT provide insights into this administrative change, explaining how it can affect retirement savings and clarifying common misconceptions.
Take advantage of this opportunity to enhance your retirement planning expertise. Whether it's increasing TSP contributions, exploring HSA-eligible health plans during open enrollment, or delving into tax planning for retirement, this episode offers actionable insights to help federal employees make informed decisions about their financial futures.
My husband and I both had careers with the National Park Service. He carried the family insurance for us. He retired in 2021 and did not select me for survivor benefits since I also worked for the federal government. I now want to resign and defer or postpone my retirement until I meet the minimum age. I am 54 (3/10/69). If my husband dies before me, do I still keep federal health benefits with a deferred retirement? What would happen if he does before I reach the minimum age for my deferred retirement?
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