Carol Schmidlin

Carol Schmidlin, Certified Financial Fiduciary®, MRFC® is the President of Franklin Planning and has been advising clients on how to grow and preserve their wealth for 25 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. She is passionate about helping families with all phases of Wealth Management and is a member of Ed Slott's Master Elite IRA Advisor Group. Her practice maintains a home office in Sewell, NJ along with a satellite office in Washington, DC. Carol can be reached at (856) 401-1101.

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With the New Rules in Place, Will TSP Now Expand Investment Options?

By on October 8, 2019 in Pay & Benefits with 0 Comments
With the New Rules in Place, Will TSP Now Expand Investment Options?

New TSP withdrawal options are now available thanks to the TSP Modernization Act, but what are some obstacles federal employees are facing?

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The Retirement Math Problem

By on August 8, 2019 in Retirement with 0 Comments
The Retirement Math Problem

Taxes are expected to rise as the government continues to increase spending. These are some tax planning strategies to consider to protect yourself now.

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The Federal Retirement Process

By on July 22, 2019 in Retirement with 0 Comments
The Federal Retirement Process

The author describes the retirement planning process for federal employees under both FERS and CSRS.

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Federal Employee Survivor Spousal Checklist

By on July 9, 2019 in Retirement with 0 Comments
Federal Employee Survivor Spousal Checklist

What should a federal employee’s surviving spouse do when s/he dies? This is a checklist for handling federal benefits.

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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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