I work with an advisor with whom I feel pretty comfortable but wonder if there is any critical info he might be missing because he rarely deals with federal employees. Is there something in particular I can ask him to check into, to make sure?
In his second article in the series, FedSmith.com author Randy Silvey addresses some of the questions he received from readers on retirement topics such as investing in the TSP and learning how to know if you are on the right path towards a successful retirement.
The author says that many federal employees are approaching financial problems as they near retirement due to a lack of planning. However, he says that with some basic planning for the future, they can not only survive in retirement, but thrive as well. He explains how this might work by providing an example of one couple’s retirement plan.
I’m over 70 and planning to retire in my late 70s. Are there one or two key things I should be looking at to start planning?
The author says there are a lot of myths and misconceptions regarding the federal retirement system and benefits for federal workers. He provides an example he recently saw firsthand when providing financial advice to a couple of long time federal employees.
I recall reading that federal employees would be notified by June 30 whether or not their personal data had been compromised in the OPM data breaches, and if they received no notice, they could assume they were not compromised. Can you help me locate where I read this and how to determine the status of my personal information?
I’m a retired fed that’s scared of losing my retirement money. How do I know if I am invested correctly?
The author says that you do not want to retire too soon and risk financial ruin in your Golden Years, but you also do not want to wait until too late to retire.
The author says politicians in Washington are using federal employees as political pawns which is likely to push talented people out of the federal workforce. He outlines some of the arguments coming from Washington against the federal workforce and dispels them with evidence of his own.
The author, who is a financial advisor who works with federal employees, discusses the data breaches at OPM and offers some steps federal workers can take to protect themselves from potential identity theft problems that could arise.
