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

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Carol Schmidlin's Latest Posts

Tax Favored ABLE Accounts For Special Needs Children

Filed in News by on November 18, 2015 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’

Filed in News by on July 23, 2015 Comments

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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Avoid Mistakes When Changing Your TSP Election

Filed in News by on May 27, 2015 Comments

Changing your TSP contribution election to add the Roth option can be a little tricky. If done wrong, this could cause a FERS participant to lose out on thousands of dollars. The author explains by way of a real life example how this can happen and how to avoid making the mistake yourself.

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Spring Cleaning for Your Financial Portfolio

Filed in News by on May 13, 2015 Comments

Spring Cleaning is basically just trimming away the excess, updating, and even evolving. It’s a great idea to do this with many areas of your life, including your retirement portfolio. The authors outline three simple steps you can take to put your spring cleaning plan for your retirement savings into action.

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March Madness and Taxes

Filed in News by on March 18, 2015 Comments

March Madness is here! Yes, there’s the NCAA tournament, but the author reminds readers that it’s also tax season and provides some general tips to keep in mind as April 15th approaches.

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8 Threats for Retirement Accounts Under President Obama’s 2016 Proposed Budget

Filed in News by on March 9, 2015 Comments

While supporters of President Obama’s 2016 Fiscal Budget say the budget will make it easier to save for retirement, the proposal is giving mixed messages when it comes to retirement planning. The author highlights eight budget provisions that would have a negative impact on many retirement accounts.

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Turn Your Taxable Portfolio Into A Tax-Free Retirement Account

Filed in News by on February 16, 2015 Comments

Long-time federal workers under CSRS have a unique opportunity for tax-free retirement income. The author describes how CSRS federal employees can contribute to the little-known Voluntary Contribution Program to overcome some of the major contribution limitations with IRAs.

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The Thrift Savings Plan of the Future

Filed in News by on December 18, 2014 Comments

The author says that the Thrift Savings Plan board members are recognizing that plan participants want more flexibility in making withdrawals in retirement. She says this is a step in the right direction and will likely lead to positive changes for the TSP in the future.

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