#127 Avoiding Tax Traps: What Every Federal Employee Should Know
Listen to the Full Episode: Think you know how your FERS pension, Social Security, or military retirement will be taxed? Think again. In this episode, Micah and Floyd break down the tax pitfalls federal employees often overlook—like unexpected withholding issues, taxable income from multiple sources, and the impact of rental property depreciation. They share real […]
Transferring TSP to IRA: Withdrawal Rules
First, I have listened to your podcast for year,s and it has been a wealth of information. Thank you. Now for my question…I am a 54 year old federal law enforcement officer. I plan to retire in June after 33 years of service. My plan was always to transfer my TSP to an IRA so […]
#126 Choosing Your Perfect Retirement Date: The Ultimate Checklist
Listen to the Full Episode: What does retirement really look like beyond the financials? In this podcast episode, Micah and Floyd discuss what life is like after retirement, focusing on more than just finances. They cover essential topics such as planning your daily routine, staying active, considering relocation, and having conversations with your spouse. The […]
Keeping Health Costs Low in Retirement: FEHB or Medicare Part B?
I’m 65 now, still working usps, when I retire in 1 to 2 years, I’m interested in keeping monthly health insurance down. Is it more cost effective to keep fehb only, or get Medicare part b. I know best would be both, but I want to keep monthly cost low. – Damian https://youtu.be/nOHQqhAzBV8 ABOUT THE AUTHOR […]
MARKETS ARE FALLING! – What are YOUR rules on investing?
Every Investor should have their “Rules on Investing” in place for times of “market volatility and turmoil.” Times like this, I am often reminded of the old adage: The first rule of investing? Don’t lose money. And the second rule? Don’t forget the first. Those words, famously attributed to Warren Buffett, are echoing a little […]
#125 Tax Time Survival: How Federal Employees Can Get Ahead
Listen to the Full Episode: Tax season can be overwhelming, but federal employees can stay ahead with the right strategies. In this podcast episode, Micah and Christian break down essential tax planning techniques, including the importance of estimated tax payments, understanding tax brackets, and how to avoid common pitfalls. Discover how proactive tax planning can […]
Preparing for Postponed Retirement: What You Need To Do?
Yes, good morning. Jeff here, wondering about having a postponed retirement. When the paperwork needs to be filled out, if I want to start that postponed retirement 2 years from now and I am actively working for the government now, when I walk out the door, if I do not have all that paperwork already […]
#124 TSP Benefits: What You Need to Know Before Retiring
Listen to the Full Episode: It’s crucial to evaluate your TSP decisions as you approach retirement. Understanding the various benefits associated with your TSP can significantly impact your financial future. In this podcast episode, Micah and Tammy delve into important topics regarding TSP withdrawals, available distribution options, and the associated tax implications. They provide insights […]
How to Calculate Your Annual Leave Payout When Retiring
Good morning, my name is Alberto. I am a Mail Handler for the Postal Service with 40 years of service. Currently, I can carry over 520 hours of annual leave into 2024. I am planning to retire in December 2025. If I don’t use any annual leave in 2025, I will accumulate an additional 208 […]
#123 TSP Withdrawals: When, How, and Why to Start
Listen to the Full Episode: Understanding your TSP withdrawal options is essential for a successful retirement. In this podcast episode, Micah and Christian break down the three financial phases: accumulation, preservation, and distribution, highlighting the critical decisions federal employees need to make when withdrawing from the TSP. Learn about the different withdrawal options, including lump […]
I Passed On The Fork… Now What Do I Do?
https://youtu.be/-lxMYExTiGQ The Road Not Taken: What Happens When Federal Employees Make (or Avoid) Big Decisions. Understanding Federal Retirement Options: Deferred Resignation, VERA, Postponed Retirement, and Deferred Retirement With the deadline for the “Deferred Resignation” passed, we are getting a lot of questions from federal employees who are saying, “I didn’t take the deferred resignation can […]
FERS Go Bag: Is Yours Packed?
How prepared are you if you no longer work for the Federal Government? Maybe you accepted the Trump Administration’s “deferred resignation” package; maybe your agency did a Voluntary Early Retirement (authorized as a VERA); maybe there was a reduction in force of mass layoffs? Maybe you are one of the many federal employees that we […]