plan well financial planning logo
FERS Webinar
plan well financial planning logo
FERS Webinar

Author: David Fei, CFP®, ChFEBC℠, AIF®
tsp-financial-advisor

Tax-Free Withdrawals! Roth TSP Contributions on Sale in the Thrift Savings Plan Until 2026

Federal employees often consider this when saving for retirement. The great TSP Traditional vs. Roth TSP debate!  Should I contribute to the Roth or Traditional TSP?  I want to help you understand the difference between Roth versus Traditional TSP, explain the Roth TSP, and review why you should start it today. What is Roth TSP and How Does It Work for Feds? Federal employees and members of the uniformed services have one common retirement system, the Thrift Savings Plan. It

Read More »
Retirement-Planning-For-Federal-Employee

The Best Date to Retire? Follow This Simple Rule for FERS Employees

The Best Date to Retire? Follow This Simple Rule for FERS Employees We all see the article about the best day to retire in a particular year. What if that date doesn’t work for you? Can you retire in a different month? The answer is yes, and follow this simple tool to make sure you always choose the best date to retire, no matter the month! What is the best date to retire for FERS employees? So Why does the

Read More »
Financial-Advisor-Federal-Employees

Thrift Savings Plan RMD Pitfall: Why TSP RMD Calculation Fails Some Couples

Thrift Savings Plan RMD Pitfall: Why TSP Required Minimum Distributions Calculation Fails Some Couples The Thrift Savings Plan has helped many federal families save for retirement. It is a good vehicle for building and accumulating assets with low-cost investment options and the federal government matching program. However, it has its challenges when it comes to retirement distributions. One of these is how it calculates the required minimum distribution for federal couples with an age gap. Understanding Required Minimum Distributions (RMDs)

Read More »
federal-retirement-planning

Parent PLUS Loans: Eligibility for Public Service Loan Forgiveness (PSLF)

Parent PLUS Loans: Eligibility for Public Service Loan Forgiveness (PSLF) As parents, we often go to great lengths to support our children’s education, including taking out loans to cover college costs. Parent Direct PLUS loans are a popular option for many families but can also lead to significant debt. Fortunately, there is a program that can help ease this burden: the Public Service Loan Forgiveness (PSLF) program. Like Federal Student Aid, the PSLF program is designed to incentivize individuals to

Read More »
federal-employee-retirement-benefits

Which FEHB Plan Has Overseas Coverage? Federal Employee Health Benefit for Expats

Which FEHB Plan Has Overseas Coverage? Federal Employee Health Benefit for Expats Federal Employee Health Benefits (FEHB) plans provide various benefits for federal employees. These plans often extend coverage to medical care received in foreign countries, though the specifics of this coverage can vary depending on the chosen plan. Many FEHB plans offer coverage for emergency medical services received abroad, and some may even cover routine care. In addition, there are special FEHB plans designed specifically for individuals who reside or

Read More »
federal-employee-retirement-benefits

Will I Get Social Security If the Trust Fund Goes Bankrupt?

Will I Get Social Security If the Trust Fund Goes Bankrupt? The latest trustee report projections from Social Security indicated that the trust fund will be depleted by 2035.  After depleting the fund, it can still pay about 83% of the scheduled benefits.  What does that mean? How can it still pay 83% of the benefits if the trust fund has gone bankrupt?  Let’s explore how the Social Security Administration can deliver even when it runs out of money. What

Read More »
Federal-Retirement-Webinar

Retiring Abroad? Changes to Federal Benefits, Social Security Benefits, and Tax Rules for an Expat

Navigating Tax and Social Security for US Expats Retiring Abroad You’re not alone if you’re a federal retiree dreaming of sun-drenched beaches, exotic locales, or quaint villages abroad. Retiring overseas can offer new adventures, a lower cost of living, and a fresh cultural perspective. However, before you make the move, it’s crucial to understand the implications on your federal pension, Social Security, taxes, and other key areas.   Would Your Federal Pension Change? The good news is that your pension

Read More »
Federal-Retirement-Seminar

Between Different Types of Power of Attorney (POA): Which Do I Need?

Understanding the Different Types of Power of Attorney: Which Do I Need? If you have dealt with different financial institutions and or financial transactions, you may have come across the term “Power of Attorney” or “POA”. But what does a power of attorney do?  You should fully understand how these documents work to ensure you do not relinquish rights you don’t intend to.  Just as important, you want to make sure that the documents are valid when you need them

Read More »
federal-retirement-planning

Help! I Changed My Mind About Taking Social Security Benefit: How to Suspend and Restart for a Higher Amount

Changed Your Mind About Taking Social Security Early? Here Are Your Options Social Security Retirement Benefit is an integral part of retirement planning for federal employees and private sector workers.  While taking benefits early offers immediate income, it can also mean a permanent reduction in your monthly payment amount. What if you claim early and then have a change of heart? Fear not; let us review your options and why someone would want to stop their benefit payments.  Understanding the

Read More »
Federal-Retirement-Webinar

2024 GSA Mileage Reimbursement Rates & Per Diem Rates for POV Travelers

2024 GSA Mileage Reimbursement and Per Diem Rates for POV Travelers For employees who need to use their personal vehicle for government purposes, the reimbursement rates have been updated since January 2024.  Except when a specialty vehicle is required, many federal employees have the option of using their privately owned vehicle.  When you do use your car, truck or van for government business, the government will reimburse based on milage driven.    What’s New in the 2024 GSA (General Services

Read More »
Sign up for a Free Federal Retirement FERS Webinar