“I will likely have 5 years of federal service soon. Assuming an average 3 years of $185k, would I be able to take a pension after 5 years and what would be the estimated amount of the pension? Is the pension subject to income taxes if I am 59 when I retire?” – Nick
Nick poses a great question worth exploring a little more in depth. The question asks about how several variables in the Federal Retirement System work
Is there a 10% penalty for signing up for $1,250 monthly straight withdrawal (not an annuity) from the TSP if I retire at my MRA @ 56 (but will not be 59 1/2)
“Is there a 10% penalty for signing up for $1,250 monthly straight withdrawal (not an annuity) from the TSP if I retire at my MRA
“I have been using the regular TSP, and I am now 5+ years away from retirement. Should I change my allocations to contribute to the ROTH TSP?”
Traditional vs Roth TSP Understanding the difference between contributions to the Traditional vs Roth TSP is critical to long term financial planning. Before we dive
“As a Federal Employee, how much money can I put into my ROTH?”
Without a doubt since its inception in 1997, the ROTH retirement account has gained tremendous popularity. Named after the Delaware Senator, William Roth, under
“When Is It Too Late to Make Large TSP Contributions?”
One of the great questions that we get from people over age 50 is whether or not it is too late to really take advantage
“How can I convert some of my TSP dollars into my ROTH?”
One of the questions that Federal Employees frequently ask us is how they can convert some of their Thrift Savings Plan (TSP) dollars into the
“How Do I Apply For the FERS Supplement?”
One of the most frequent questions that we receive from FERS Employees is how do they apply for the FERS Supplement. If you searched
FERS Retirement Questions? Videos with Answers!
Do you have FERS Retirement Questions? You’re not alone. Federal retirement benefits are complex. Micah Shilanski, CFP®, is a financial planner who specializes in helping
“Should I start my Social Security at age 62 when my FERS Supplement Stops?”
If you were eligible to retire from the Federal Government as a FERS Employee and receive a FERS Supplement, then you are probably aware
FFFC: Are HSA Plans Use or Lose?
FERS Federal Fact Check! We love answering questions from Federal Employees about their benefits. Our passion for financial planning with Federal Employees has provided
Using TSP to Pay Off Your Mortgage
FERS Federal Fact Check! We love answering questions from Federal Employees about their benefits. Our passion for financial planning with Federal Employees has provided us
FEHB in Retirement
Is your spouse eligible for FEHB into your retirement from Federal Service? The Federal Employee Health Benefit (FEHB), is one of the best benefits that