Ep #27: 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
Understanding Social Security Benefits is essential for integrating them with your FERS pension. Find out how your Social Security benefits are calculated, what is the best age to start claiming, and how they interact with your federal retirement.
Optimizing your Social Security benefits can provide additional financial security. If you want to learn more, check out our podcasts and articles.
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
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
“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
What is the Special Retirement Supplement? FERS consists of 3 different components: the FERS annuity (pension), Social Security, and the Thrift Savings Plan (TSP). The
Once your FERS Supplement ends, should you take Social Security benefits? This really comes down to a case by case basis. As you probably know
What is MRA? Minimum Retirement Age is a threshold that was created for FERS and CSRS to determine a federal employee’s eligibility for retirement. Depending
What is my FERS contribution? Depending on your start date, your contribution will be either be 0.8%, 3.1%, or 4.4% to FERS. The chart below
What is the FERS Basic Benefit Plan? As a Federal Employee, your retirement consists of three components: your Basic Benefit (also called your annuity or
“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
“I am 65, born in (November) 1955. I’ve only been a Federal Civilian Employee for 5yrs this November. I’ve also withdrawn $7,000.00 last year for
“Micah, love your videos. I’m retired (58 years old) from USPS. Very aggressive in TSP. 40% C, 40% S, and 20% I- I’m down close
Mary Beth Franklin is our go-to expert for all things Social Security benefits. With over 40 years as a financial journalist and a CFP designation,
“Next May I can retire with 35 years at the age of 62. I was considering working 10 more months to retire at 63 and
“… I recently went over the max earnings on my supplement and when I filled the form out in early June it is expected
Today Micah and Tammy are opening up the mailbag to answer your most burning questions about federal retirement. A few people wrote in asking about
We hear a lot of people say they want to turn on their social security as soon as possible in order to capitalize on the
Answering Retirement Questions If you have questions about your retirement from Federal Service, we can help! Our FERS Federal Fact Check for Federal Employees who
“I was looking at my LES I noticed the FERS Retirement on deductions section is a different “year to date” amount from the FERS Retirement
“I am retiring on 12/31 at the age of 56 – will my FERS Supplement calculation include 2019 earnings – after they get reported to
When you retire, it’s not just about having the time to do everything that you want to do—it’s also about having the money to make
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
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
“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
What is the Special Retirement Supplement? FERS consists of 3 different components: the FERS annuity (pension), Social Security, and the Thrift Savings Plan (TSP). The
Once your FERS Supplement ends, should you take Social Security benefits? This really comes down to a case by case basis. As you probably know
What is MRA? Minimum Retirement Age is a threshold that was created for FERS and CSRS to determine a federal employee’s eligibility for retirement. Depending
What is my FERS contribution? Depending on your start date, your contribution will be either be 0.8%, 3.1%, or 4.4% to FERS. The chart below
What is the FERS Basic Benefit Plan? As a Federal Employee, your retirement consists of three components: your Basic Benefit (also called your annuity or
“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
“I am 65, born in (November) 1955. I’ve only been a Federal Civilian Employee for 5yrs this November. I’ve also withdrawn $7,000.00 last year for
“Micah, love your videos. I’m retired (58 years old) from USPS. Very aggressive in TSP. 40% C, 40% S, and 20% I- I’m down close
Mary Beth Franklin is our go-to expert for all things Social Security benefits. With over 40 years as a financial journalist and a CFP designation,
“Next May I can retire with 35 years at the age of 62. I was considering working 10 more months to retire at 63 and
“… I recently went over the max earnings on my supplement and when I filled the form out in early June it is expected
Today Micah and Tammy are opening up the mailbag to answer your most burning questions about federal retirement. A few people wrote in asking about
We hear a lot of people say they want to turn on their social security as soon as possible in order to capitalize on the
Answering Retirement Questions If you have questions about your retirement from Federal Service, we can help! Our FERS Federal Fact Check for Federal Employees who
“I was looking at my LES I noticed the FERS Retirement on deductions section is a different “year to date” amount from the FERS Retirement
“I am retiring on 12/31 at the age of 56 – will my FERS Supplement calculation include 2019 earnings – after they get reported to
When you retire, it’s not just about having the time to do everything that you want to do—it’s also about having the money to make
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