FERS Webinar

Category: Financial Planning
federal-retirement-planning

How Much Should You Be Saving for Retirement?

Calculate How Much You Need to Save for Retirement  Planning and saving for retirement is an essential part of personal finance. It’s never too early to start thinking about retirement and determining how much you need to save to maintain your desired lifestyle once you stop working.    How to Save for Retirement When it comes to saving for retirement, there are several strategies you can use to secure a comfortable future. One approach is to start investing early and

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federal-employee-retirement-benefits

Navigating Divorce: Understanding the Impact on Your Federal Employee Benefits and Retirement

The Impact of Divorce on Federal Employee Benefits and Retirement Divorce can be a tumultuous time in anyone’s life, and for federal employees, it can bring about additional complexities concerning their federal retirement benefits and plans. Understanding how divorce affects Federal Employee Retirement System (FERS) benefits, health insurance, Thrift Savings Plan (TSP), life insurance, survivor benefits, and retirement planning is crucial for navigating this challenging period. Here, we delve into the various facets of divorce and its impact on federal

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Want to Delay Required Minimum Distribution (RMD) Until Age 85? You Can with a QLAC

Unlock the Power of QLACs to Maximize Your Retirement with Deferred RMDs Planning for retirement involves navigating various financial strategies and market conditions.  On top of that, you also need to evaluate your tax situation and how your overall income can affect Medicare premium costs.  One of the biggest pain points for high-networth retirees is the Required Minimum Distribution (RMD). If you have saved well for retirement, then you know that the requirement to take a set distribution may push

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Renting vs Owning in Retirement – Which is Better?

Renting vs. Owning in Retirement: Pros and Cons for Retirees As retirees transition into their next phase of life, the decision of whether to rent or own a home becomes increasingly significant. Both options have their own set of pros and cons, and understanding the factors at play can help retirees make an informed choice that aligns with their financial and lifestyle goals. Is Renting a Better Option for Retirees? When considering renting in retirement, there are several critical factors

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fers-retirement-calculator

States With Inheritance Tax & Estate Tax

State Inheritance Taxes and Estate Taxes When it comes to estate planning and managing your assets, understanding the inheritance tax and estate tax is crucial. These taxes can have a significant impact on the value of the estate that you leave behind for your heirs. In this guide, we will delve into the differences between inheritance tax and estate tax, the applicable rates for 2024, and how you can effectively plan to minimize these taxes. What is Inheritance Tax? Before

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federal-retirement-planning

January 2024 Inflation Update: Consumer Price Index (CPI) at 3.1%

January 2024 Inflation Update: Consumer Price Index (CPI) at 3.1% The Consumer Price Index rose 0.4% compared to a month ago. While it is still lower than the 3.4% in December 2023, it is still higher than most economists expected. The CPI is published by the Bureau of Labor Statistics and the Bureau of Economic Analysis. The Federal Reserve also uses this data to determine interest rate changes and policy.    Consumer Price Index (CPI) & Core Inflation Rate The

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federal-retirement-planning

Know the Difference: Tenants by the Entirety vs. Joint Tenants with Rights of Survivorship

Know the Difference: Tenants by the Entirety vs. Joint Tenants with Rights of Survivorship When acquiring property with someone else, the question of ownership structure arises. Co-ownership offers a way to share ownership rights and responsibilities, but different types have varying benefits and drawbacks. This article dives into two popular choices: Joint with Rights of Survivorship (JTRS) and Tenants by Entirety (TBE). While both ensure automatic inheritance by the remaining owner(s) upon death, they differ in who can utilize them, how

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federal-retirement-planning

Watch Out for the RMD Trap! RMDs Silently Increasing Medicare Premiums in Retirement

As individuals navigate their retirement years, it becomes essential to understand the various factors that impact Medicare premiums, such as: earned income, self-employment income, investments, real estate, rental income, retirement withdrawals, Social Security,  and pensions. In this article, we will explore the relationship between Medicare premiums and how Required Minimum Distributions (RMDs) can affect retirement income planning and healthcare costs.   Required Minimum Distributions (RMDs) The age for RMDs has recently changed due to SECURE Act 2.0. The current age

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federal-employee-retirement-planner

SIMPLE IRAs: A Powerful Savings Tool for the Small Business Owner

SIMPLE IRAs: A Powerful Savings Tool for the Small Business Owner In today’s competitive landscape, attracting and retaining top talent is crucial for small businesses. One increasingly important factor? Offering robust retirement savings options. Traditional 401(k) plans can be complex and costly to set up, leaving many small businesses lacking a way to help their employees build a secure future. Enter the SIMPLE IRA, a streamlined and cost-effective alternative that simplifies retirement savings for both employers and employees. Let us

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Retirement-Planning-Webinars-For-Federal-Employees

December 2023 Inflation Update: Consumer Price Index (CPI) Jumped to 3.4%

December 2023 Inflation Update: Consumer Price Index (CPI) Jumped to 3.4% The Consumer Price Index unexpectantly tick up to 3.4% in December 2023. Published by the Bureau of Labor Statistics and the Bureau of Economic Analysis. The Federal Reserve also uses this data to determine interest rate changes and policy.    Consumer Price Index (CPI) & Core Inflation Rate The CPI data is a widely followed measure of inflation that tracks the average change in prices paid by urban consumers

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