Ep #24: How Much Life Insurance Do You Need?
With so many misconceptions around life insurance, it can be hard to determine the appropriate plan or amount for your needs. Unfortunately, there are some people in the financial business that believe it is a one size fits all service, however that is not the case. So where do you begin? In this episode, Micah […]
Follow Up Friday – Best Day to Retire
How to properly plan for the day of your retirement. Listen to the Full Episode: Enjoy the show? Use the Links Below to Subscribe:
Preparing for Retirement under FERS
“Forgetting for the moment the part my personal $$ contributions were over the years….Will the IRS tax my FERS ‘Unreduced Monthly Annuity’ (UMA) or my UMA minus the Survivor Benefit Cost Reduction (SBCR)?Example: Assume UMA is 3000/month and SBCR is 300/month.Will the IRS withhold taxes based on 3000 or 2700?Thanks.” How will your pension be […]
Ep #23: Best Day to Retire
With more retirement planning and with every year that retirement gets closer, the question is often asked, “What day is best to retire?” Tammy and Micah sit down to set the record straight when it comes to choosing a retirement date. They share how people tend to focus on maximizing benefits and where else you […]
Ep #22: Estate Planning and TSP Quirks
Do you have a plan put in place for who will inherit your assets after your demise? Many people are solely focused on increasing their assets whilst they are still alive, but often forget about securing who it will all go to when they are gone. In this episode, Micah and Tammy will be discussing […]
Complications with FEHB Coverage In Retirement
If my spouse retired from Federal Service under CSRS and waived the spousal benefits but I am under his FEHB insurance is there any way for me to keep FEHB insurance if he passes away before me or we get divorced? I have listened to several of your podcasts and have heard stated that all […]
Ep #21: The Years After You Retire
Ensuring you have met your savings goals during your retirement planning is incredibly important, but it is just one of many things to consider. Unfortunately, retirement planning doesn’t stop when you retire, and it’s important to make sure you’ll be able to maintain your goals once you have retired. So in this episode, Micah and […]
FERS Retirement and Sick Leave
“What happens to your sick leave if you are 63 years and have 28 years of federal service. Thanks for taking this question.” FERS Sick Leave Rules As a Federal Employee under FERS, you earn 4 hours of sick leave each pay period, every two weeks. Your sick leave accrues and you can save it […]
FEHB and Medicare
“As a FERS retiree, am I required to sign up for Medicare at age 65; or can I opt out of Medicare Part B? Also, regarding my spouse, who has never been a federal employee but covered under my FEHB; what options (if any) does she have regarding Medicare part B?” FEHB and Medicare As […]
Ep #19: Phase of Retirement – 5 Years Out From Retirement
When we consider retirement, most of us think about this chapter in our lives as a positive time—and it can be, as long as we are fully prepared. So today, Micah and Tammy will be discussing all the measurements to put in place as you approach your retirement. They will be sharing how to […]
Social Security Strategies
“I have two questions about social security. I am 61 and my wife is 58. Let’s say my wife files for social security at age 62 and I wait until 70, if I predecease her before I have filed, and after she has started receiving her own benefits, would she be eligible for any spousal […]
Ep #18: Phase of Retirement – 10 Years Out From Retirement
When you are planning for your retirement, there are a lot of different areas you need to be aware of financially, and it can be an overwhelming amount of information to take in at once. So today, Tammy and Micah will be discussing the key factors to keep an eye on when you are 5-10 […]