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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Understanding How A TSP Beneficiary Participation Account Works

By on April 3, 2019 in Retirement with 0 Comments
Understanding How A TSP Beneficiary Participation Account Works

A surviving spouse is the only survivor that can leave inherited funds, but there are important tax implications to be aware of with these accounts.

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Now Is the Time to Seize the Day

By on January 14, 2019 in Retirement with 0 Comments
Now Is the Time to Seize the Day

The author says that our current low tax environment may not last which makes now more than ever the time to utilize proactive tax planning strategies.

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Medicare Income Planning in Retirement

By on November 5, 2018 in Retirement with 0 Comments
Medicare Income Planning in Retirement

Without smart planning, distributions from other sources of retirement income can drive up your Medicare costs. The author provides an explanation.

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Determining Taxes on Roth IRA and Roth TSP Distributions

By on August 6, 2018 in Retirement with 0 Comments
Determining Taxes on Roth IRA and Roth TSP Distributions

Taking IRA and TSP distributions tax free can reap big savings, and with the recent tax law changes, savings opportunities may be even better.

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The Need for Tax-Efficient Retirement Strategies

By on May 8, 2018 in Retirement with 0 Comments
The Need for Tax-Efficient Retirement Strategies

Have you thought about what your tax bill may be at retirement? These are some strategies available to federal employees to offset a future tax burden.

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5 Spring Cleaning Tips for Your Financial House

By on April 5, 2018 in Retirement with 0 Comments
5 Spring Cleaning Tips for Your Financial House

What is your plan for retirement? The author lists some tips to help you make sure you are on the right track.

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Don’t Let Your Emotions Take Control of Sound Financial Planning

By on March 6, 2018 in Retirement with 0 Comments
Don’t Let Your Emotions Take Control of Sound Financial Planning

Volatility in the stock market has been increasing. How can you avoid letting your emotions get in the way of your retirement plans?

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Happy 20th Anniversary Roth IRA!

By on January 8, 2018 in Retirement with 0 Comments
Happy 20th Anniversary Roth IRA!

2018 marks the 20th anniversary of the Roth IRA. Here is some information about how it can help you prepare for your retirement.

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Driving Your Retirement: The Gas, Brake and Steering Wheel Analogy

By on January 3, 2018 in Retirement with 0 Comments
Driving Your Retirement: The Gas, Brake and Steering Wheel Analogy

When it comes to your retirement, are you headed in the right direction? The author provides an analogy to illustrate.

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How Much Income Will I Need in Retirement?

By on October 30, 2017 in Retirement with 0 Comments
How Much Income Will I Need in Retirement?

Many people haven’t given much thought to how much income they will need in retirement. These are some tips on how to help you with your planning.

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