Carol Schmidlin

Carol Schmidlin is the President of Franklin Planning and has been advising clients on how to grow and preserve their wealth for 20 years. In addition to her financial planning practice, she is the founder of FedSavvy® Educational Solutions, which provides Financial and Retirement Literacy Programs for Federal Employees. Follow FedSavvy® Educational Solutions on Facebook for the most up to date information. Contact Carol at (856) 401-1101 or visit FranklinPlanning.com.

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Be Aware of TSP Spousal Beneficiary Rules

By on February 7, 2017 in Pay & Benefits, Retirement with 0 Comments
Be Aware of TSP Spousal Beneficiary Rules

A TSP participant can designate anyone as a beneficiary to a TSP account, however, only a spousal beneficiary can choose to leave the funds in TSP. The author says it’s important to understand all implications of a spousal beneficiary deciding to keep funds inside of the TSP.

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Three Crucial Retirement Planning Tips for 2017

By on January 4, 2017 in Retirement with 0 Comments
Three Crucial Retirement Planning Tips for 2017

The start of a new year is often a time when we make plans for a better future. The author lists what she sees as the three most critical planning tips of a solid retirement plan for federal employees.

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Protect Your Family with Important Estate Planning Documents

By on December 20, 2016 in Retirement with 0 Comments
Protect Your Family with Important Estate Planning Documents

Have you considered what would happen to your loved ones and to your assets after you pass away? Proper planning is important to ensure your wishes are carried out. Here is a list of important forms federal employees need to handle the beneficiary designations for their federal benefits.

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Improvement Plans for the Thrift Savings Plan

By on October 4, 2016 in Retirement with 0 Comments
Improvement Plans for the Thrift Savings Plan

The Federal Retirement Thrift Investment Board recently released its five year strategic plan. The author highlights two goals from the plan and what they would mean for federal employees investing in the Thrift Savings Plan.

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Understanding How Medicare Coordinates with FEHB

By on August 31, 2016 in Retirement with 73 Comments
Understanding How Medicare Coordinates with FEHB

It’s important to understand what benefits you have available under Medicare as a federal employee. The author explains Medicare’s four parts and how they overlap with the Federal Employees Health Benefits program.

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Accelerate the Tax Efficiency of Roth TSP Distributions

By on June 1, 2016 in Retirement with 80 Comments
Accelerate the Tax Efficiency of Roth TSP Distributions

The author describes a technique known as the “The Back Door Roth TSP Withdrawal” federal employees can use to accelerate their tax benefits in retirement.

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2016 Financial Resolutions

By on January 3, 2016 in Retirement with 2 Comments
2016 Financial Resolutions

Does your personal financial plan need a tune up in the new year? The author offers some suggestions to consider as part of your new year’s financial resolutions as you plan for retirement and the long term needs of your family.

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Know Your Limitations on Social Media

By on December 7, 2015 in Human Resources with 2 Comments
Know Your Limitations on Social Media

How can you avoid violating the Hatch Act while you are on the clock? The authors spell out what new guidance from the Office of Special Counsel says about proper use of social media for federal employees while they are at work.

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Tax Favored ABLE Accounts For Special Needs Children

By on November 18, 2015 in Current Events, Retirement with 0 Comments

Congress recently introduced a new type of account for young, disabled individuals; the Achieving a Better Life Experience account, or ABLE account for short. The author describes how these accounts work for saving money for an individual with special needs.

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Guidelines to Help You Prepare for Your Retirement ‘Graduation’

By on July 23, 2015 in Retirement with 0 Comments
Guidelines to Help You Prepare for Your Retirement ‘Graduation’

Are you on the cusp of retirement? These are some tips to keep in mind as you plan this next phase of your life.

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