Carol Schmidlin is the President of Franklin Planning and has been advising clients on how to grow and preserve their wealth for 18 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. Contact Carol at (856) 401-1101 or visit FranklinPlanning.com.
Carol Schmidlin's Latest Posts
Phased Retirement may finally be a reality for eligible federal employees desiring to phase into retirement, however, some agencies have said they will not allow employees to submit applications until 2015. The author offers considerations and practical examples for federal employees who may be considering utilizing the new phased retirement option.
The Thrift Savings Plan is an important component of your retirement plan, but it’s up to you to utilize it to its full potential. The author offers some benefits and challenges of the TSP as well as some investment approaches to consider.
One thing that is not included in the FEHB plans is long term care insurance. The author offers considerations when exploring available options for covering a long term care event/illness as well as coverage options available to you.
There are a number of factors that need to be taken into consideration when identifying your savings options for retirement. Cost is not the only consideration, but an important one since fees can seriously erode your earnings.
The author says that economic stimulation in the United States cannot last forever and eventually we will have to go through some suffering to make things right. She says federal employees may see more changes coming to their retirement benefits and should have a realistic plan before making the decision to leave government service.