by Micah Porter | Dec 21, 2020 | Blog, Federal Government Employees, Retirement Planning
If you are a Federal Government Employee planning to retire, the Federal Employee Retirement System (FERS) will play a key financial role in your retirement. FERS, was launched on June 6, 1986, and replaced the Civil Service Retirement System (CSRS). One of the...
by Micah Porter | Dec 21, 2020 | Blog, Federal Government Employees, Retirement Planning
On the one hand, you have a mortgage and a mortgage payment, and on the other, you have your TSP, which you’ve built up through hard-earned savings over time. Retirement is looming, and the thought of owning your home outright and having no mortgage payment is awfully...
by Micah Porter | Nov 4, 2020 | Blog, Federal Government Employees, Retirement Planning
Carefully Examine Your Healthcare Options Due to the COVID-19 pandemic and other factors, many employees today are thinking about early retirement, and this includes some federal government employees. As we wrote in our post on early retirement from the Federal...
by Micah Porter | Oct 7, 2020 | Blog, Federal Government Employees
Federal government employees and their families have access to some of the most comprehensive healthcare benefits in the country through the Federal Employee Health Benefits (FEHB) Program. Family members eligible for coverage include spouses and children under the...
by Micah Porter | Oct 7, 2019 | Blog, Federal Government Employees, Thrift Savings Plan (TSP)
When it comes to understanding your TSP withdrawal options, it is useful to differentiate between taking a withdrawal while you are still a Federal employee versus after you have separated from service. We have covered TSP account options at federal retirement here...
by Micah Porter | Sep 23, 2019 | Blog, Federal Government Employees, Thrift Savings Plan (TSP)
If you’re a federal employee then chances are you have a Thrift Savings Plan (TSP) account. If leaving federal service for retirement is just around the corner, you may be wondering how to handle your TSP account investments. In this article we’ll cover your...
by admin | Oct 25, 2018 | Blog, Federal Government Employees
One of the primary reasons clients begin working with us is job change. Beyond just a change in employer, there is usually a change in salary, benefits are different and you’ve got to decide what to do with your retirement account. Understanding the financial impact...
by admin | Sep 26, 2018 | Blog, Federal Government Employees
When President Trump announced several weeks ago that he was freezing pay for Federal employees, it had to feel like Groundhog Day. The top pay increase in the last 7 years came in 2010, and over that timeframe, there was no increase for 2 years and a 1% increase for...
by Micah Porter | May 24, 2018 | Blog, Federal Government Employees, Uncategorized
The Thrift Savings Plan, or TSP, is the Federal government’s version of a 401(k) plan and if your goal is better understanding the TSP, we have written an overview of the plan . Is the TSP a 401k? Not exactly, but they share a number of similarities as follows: While...
