Brennan Rhule, CFP®, ChFEBC℠, AIF® - PlanWell Financial Planning

2025 TSP Contribution Maximums: New Limits Explained

2025 TSP Contribution Maximums: New Limits Explained The dawn of 2025 brings with it changes to the Thrift Savings Plan (TSP) contribution limits—a move that holds substantial promise for federal employees keen on enhancing their retirement savings. These adjustments are not just numbers on a page; they represent a calculated opportunity for those looking to secure a more financially stable future. Navigating these changes requires understanding the new thresholds and how they can be leveraged for potential benefit. For additional

Calculate Your Inherited IRA RMD: 2025 Updated Rules

Calculate Your Inherited IRA RMD: 2025 Updated Rules Understanding the complexities of inherited Individual Retirement Accounts (IRAs) can be daunting, especially with recent legislative changes. If you’ve recently inherited an IRA or are planning for future estate considerations, it’s crucial to grasp how the updated Required Minimum Distribution (RMD) rules, effective from 2025, impact you. This guide breaks down these changes in plain language, helping you navigate the new landscape with confidence. Introduction Inheriting an IRA comes with a

TSP Planner for Federal Retirement Benefits

TSP Retirement Planner: Know Your Numbers for 2025

TSP Retirement Planner: Know Your Numbers for 2025 Planning for a secure retirement is a journey best started early, especially for federal employees who have access to the Thrift Savings Plan (TSP). As 2025 approaches, understanding your TSP and making informed decisions can significantly impact your financial future. This guide will walk you through the essential numbers and tools you need to optimize your TSP savings. Understanding the TSP: A Quick Overview What Is the Thrift Savings Plan?

2025 Federal Employee Pay Raise: Congress Urges Biden for 4.5% Increase

Lawmakers are trying to persuade President Biden for a 4.5% federal employee pay raise in 2025, aiming to enhance federal pay and align with military pay increases.

2025 RMD Rules: Key Changes for Retirees

2025 RMD Rules: Key Changes for Retirees As you plan for retirement, understanding the latest changes in tax laws and regulations is crucial to making informed decisions. One significant area that’s evolving is the rules surrounding Required Minimum Distributions (RMDs). Starting in 2025, new RMD rules will take effect, potentially impacting how you withdraw from your retirement accounts. In this article, we’ll break down these key changes, explain what they mean for you, and offer insights to help you navigate