Follow Up Friday – TSP and Social Security

Questions to ask yourself to ensure you’re properly balancing your social security and TSP so you get the most benefit. Listen to the Full Episode: Enjoy the show? Use the Links Below to Subscribe:    

Unexpected Taxes

tax planning in retirement

I am not sure this question is easy to answer but here goes. I retired in 2019 (LEO RET/Special Provisions) and immediately took a job making $80000+ for the next year until I was laid off due to Covid. I have been unemployed since October 2020 and have received my pension and have taken money […]

Ep #27: TSP and Social Security

TSP and Social Security

Are you wondering what to do about your social security or how to go about taking money from your TSP? If so, this episode is for you! Today, Micah and Tammy chat about how to balance social security and TSP so you get the most benefit. You’ll also learn what things you need to be […]

Sick and Annual Leave at Retirement

Sick and Annual Leave at Retirement

“Hi Micah and Tammy, I’m a Federal employee with 30 years in, and 5 years out from retirement. Can you explain how unused Sick and Annual leave are handled at retirement? I understand that unused SL balances can increase your annuity but I don’t understand the formulas. Thank you.” -Cheryl Annual Leave Let’s start with […]

Before You Cancel FEGLI

FEGLI

I researched the cost of life insurance and purchased a 20 year fixed plan that costs less than half what FEGLI will for me starting next year. I am 54 and FEGLI premiums jump (60% more?!) at age 55 and even more at age 60 (more than double!). Before I cancel the Option B FEGLI […]

Ep #26: What’s The Best Distribution Rate From Your TSP?

You’ve worked your whole life, now you’re ready to retire. But do you know how to maximize your benefits and set yourself up for retirement success? In this episode, we’re talking all about the Thrift Savings Plan and how to find that sweet spot to maintain a nice retirement lifestyle and your savings at the […]

Full vs Partial FERS Spousal Survivor Annuity

FERS Spousal Survivor Annuity

Hello Tammy and Micah, Great podcast! Learning a lot. About 5 years away for earliest retirement date. Question: let’s pretend money is NOT an issue for retirement due to FERS Pension, SSA, TSP, Investments but will need FEHB. For estate planning, do you have any thoughts on getting full spousal annuity 50% knowing that this […]

Ep #25: Why Life Events Matter

It’s the little details that can really trip you up, so Tammy and Micah share specific areas and situations they’ve noticed clients having trouble with and how you can avoid those issues. As the title hints, life events are a key area where many people do not do enough planning or strategy and in the […]

Using Roth TSP vs Traditional TSP while delaying Social Security

delaying Social Security

“I am 59 and planning to retire a year from now. My wife will retire at the same time (but at age 61, not a federal employee). We are planning to take her Soc Sec at age 62 and wait with mine till age 70. I have about 2/3 of my TSP in traditional and […]