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
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.
With an increased concern over tax rates, there is compelling need to protect what may be for many individuals their largest single asset: their retirement plans. The author outlines critical decisions that she says must be made before January 1, 2013 as they relate to tax implications in planning for retirement.