The Bipartisan Balanced Budget Act of 2015 made several important changes to Social Security. Several very popular filing strategies are being eliminated, and many people will need to modify their retirement income plans to account for the new restrictions. The author describes what you need to know for planning your retirement.
Congress recently passed a long sought after bill which will change the rules for special category federal employees and their ability to access their TSP accounts. The author describes what the new law does and how it will impact those federal workers to whom it applies.
You might think that retirement planning is what you do while you are working, and it stops once you retire. The author says that nothing could be further from the truth and that managing your investments is even more important once you are no longer actively contributing. He outlines some of the key points you need to know for managing assets after you leave your federal career.
The issue of our own mortality is not one we like to think about or discuss with our loved ones. However, it is necessary for proper planning for the future, especially when it comes to matters of personal finance. The author discusses how to maximize some of your most important benefits as a federal employee in the event of your death.
There are many factors to consider when constructing a strategy for retirement. Through the use of detailed examples, the author outlines some of the most crucial sources of income federal employees are most likely to have in retirement which they need to take into account when devising their own retirement income plans.
The author provides considerations for federal workers beginning their careers at later ages.
What should you do with your TSP account after you retire? The author offers some advice and considerations for federal employees who have reached this milestone in their careers.
Most federal employees know they should look at their long-term financial plan when considering retirement. Once the long-term plan is set, the next thing to account for is short-term cash flow right after retirement. In order to do that, it is important to understand the various sources of income that will be involved in the first year. Here is an overview of some of the key potential income sources you will have in retirement.
The author outlines special retirement considerations in areas such as FERS annuity calculations, the Thrift Savings Plan, and insurance for federal employees who work in law enforcement.
The approaching year end offers a great time to reflect on on your last year and look ahead to the next. The author offers some tips from a financial perspective on how to plan for the coming year.
