Carol Schmidlin

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

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Carol Schmidlin's Latest Posts

Pay Taxes on the Seed, Not the Harvest

Filed in News by on October 13, 2014

One advantage federal employees have when saving for retirement is the Roth TSP. A Roth investment allows you to pay tax on the seed (the smaller, starting investment) and reap the bounties (the investment plus growth/interest) tax-free. The author explains more about how this works.

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What We Know So Far About Phased Retirement

Filed in News by on September 15, 2014

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.

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10 Questions You Need Answers To

Filed in News by on June 17, 2014

The author offers ten questions you need to keep in mind for your financial situation as you near retirement from your federal career.

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Thrift Savings Plan (TSP) Benefits and Challenges

Filed in News by on March 5, 2014

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.

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Preventive Planning to Avoid a Potential Healthcare Crisis

Filed in Headline Archives, News by on January 15, 2014

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.

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I Got Offered an Early Out! Now What?

Filed in Headline Archives, News by on January 7, 2014

You finally got your wish and are being offered a financial incentive to retire early! Before you take it and run, you should logically think it through to determine if it makes sense looking at the Big Picture.

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Do You Understand the True Cost of Your Retirement Plan?

Filed in Headline Archives, News by on August 20, 2013

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.

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Retirement Decisions in an Unstable Economy

Filed in Headline Archives, News by on May 5, 2013

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.

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