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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Ridin’ the Storm Out

By on August 8, 2011 7:04 PM in Pay & Benefits with 0 Comments

The stock markets’ recent activity, not just this past week, but over the course of the last six weeks or so leading up to the debt ceiling vote in Congress, has many people concerned about what’s next.

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A Deeper Look at the Debt Debacle-Gold, Us Dollar and GDP, Part II

By on August 7, 2011 6:34 PM in Retirement with 0 Comments

In part two of Carol Schmidlin’s interview with Rodney Johnson, President of HS Dent Publishing, she asks him about the prospects of investing in gold, the devaluation of the U.S. dollar, and the growing federal debt. She also asks Johnson for his advice for federal employees and actions they should take in light of some of the proposed cuts on their salaries and benefits.

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A Deeper Look at the Debt Debacle

By on August 2, 2011 6:42 PM in Retirement with 0 Comments

Carol Schmidlin recently interviewed Rodney Johnson, President of HS Dent Publishing, an independent economic research company, about the spending cuts in the new debt agreement and who can be affected.

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How Congressional Budget Cuts May Cut Into Your Retirement Income

By on June 17, 2011 7:08 AM in Current Events, Retirement with 0 Comments

Congress is looking at several proposals that would cut into federal employee benefits. The author focuses on some specific ones that would directly impact your financial security in retirement.

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Mistakes to Avoid with Roth Conversions

By on June 1, 2011 7:34 AM in Retirement with 0 Comments

Should you do a Roth conversion to take advantage of the current tax rates which may be lower now than they are likely to be in the future? It may be a good idea but check out the details before you take action as your tax bill may be higher than you think.

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Americans Overestimate Federal Benefit Costs

By on April 11, 2011 7:24 AM in Current Events, Retirement with 0 Comments

On average, Americans think the federal government spent 10 percent of its 2010 budget on pensions and retiree benefits; the OMB figures indicate the real number is about 3.5 percent. Another area that is not often talked about is the big difference for federal workers and state workers is that federal employees pay significant premiums for their health insurance.

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What Happens if You Live Too Long?

By on February 5, 2011 12:07 PM in Retirement with 0 Comments

During your working years, there may have been a nagging little voice inside your head worrying about what would happen to your family if you died before you’re able to send your children to college or marry them off. As you get closer to your retirement and the kids seem well on their way to being self sufficient, the worry changes from a concern for your early demise to the other end of the spectrum–living too long.

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Like Milk, 2010 Has an Expiration Date

By on October 5, 2010 7:10 AM in Current Events with 0 Comments

Roth Conversions can be done after 2010, but at what cost? The 2010 expiration date on Roth conversions is quickly approaching which means that beginning January 1, 2011, the best opportunities to reduce the tax on a Roth conversion may be behind us.

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Taxes and the Deficit–How They May Pertain to You as a Federal Employee

By on August 9, 2010 5:08 PM in Current Events with 0 Comments

Over the past ten years the federal debt has mushroomed from $5 trillion to well over $13 trillion, and is forecasted to reach $20 trillion in this decade. But wait, it gets worse…private debt (consumer, financial, corporate) has swelled to $42 trillion!

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Paying Down Our Deficit: Are Higher Income Tax Rates a Viable Option?

By on April 11, 2010 4:09 PM in Current Events with 0 Comments

If the federal government’s deficit could be closed by increasing taxes, how much of an increase would be necessary? This article clearly illustrates the degree to which our government is spending money compared to what it is bringing in.

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