Understanding Taxes on Annual Leave Payout for Federal Retirees: Myth vs. Reality
Hello PYFR team! I love the podcast and appreciate it and all the resources you offer. My question is about taxes on the pay-out of annual leave for retirees. I assumed it would be considered income just like salary and would be taxed at whatever rate my income met for that year. But, a colleague […]
#106 How Much Should You Leave To Your Beneficiary
Listen to the Full Episode: Are you confident your loved ones will be financially secure when you’re gone? Have you ever wondered what happens to your assets when you pass away? Do you have a will, durable power of attorney, and advanced healthcare directives? These are not just legal documents, they are your peace ofmind, […]
Survivor Benefit Plan: Does Spousal Age Difference Affect Your Benefits?
I read the $1,000.00 example that you write and 50% of 1K is 500.00 a month for my wife. That makes sense and I understand. My Q is my spouse is 12 yrs YOUNGER than I am. Does the Age difference make a difference in the SBP cost? – Albert https://youtu.be/7p80OQfoJp0 Understanding how survivor benefits […]
When To Start The Process To Retirement?
I’m planning to retire December 31, 2025; I will have 10 years and 8 months. When should I start the process? – Angelia https://youtu.be/oZS4cyl1JtM Planning for retirement involves multiple steps, and timing is crucial. Angela, one of our readers with over ten years of federal service, plans to retire in December 2025 and asked when […]
#105 Demystifying FERS Retirement Calculators
Listen to the Full Episode: Federal employees can use various calculators to estimate their FERS benefits, but accurate documentation and proper completion of estate planning documents are crucial for retirement planning! Missing or incomplete information can lead to unexpected consequences, so seeking help from HR or knowledgeable individuals is essential. In this episode, Micah and […]
Withdrawing From TSP Without Paying The Penalty, is it Possible?
I am eligible to retire from fed service at 57 1/2. I will have 36 years of service. I plan on using my TSP to supplement my retirement. I cant seem to find a straight answer on withdrawing my money prior to 59 1/2 without paying the 10% penalty. Some sites say I can access […]
#104 Optimizing The TSP For Retirement
Listen to the Full Episode: Are you seeking clarity on TSP strategies? Join us on our latest podcast episode, where Christian and JT decode the complexities of TSP investments. From cracking the complexities of TSP investment options, including the G, F, C, S, and I funds, to unraveling the benefits of dollar-cost averaging, this episode […]
Moving TSP Money to G Fund – Here is What You Need To Know
I am 8 years from retirement and currently invested 100% in the C fund. When should I start moving money to the G fund and should it be based on a percentage of my current balance, or should I base it on how many years of withdrawals I want to protect once fully retired i.e. […]
#103 Don’t Replace Your Expenses in Retirement
Listen to the Full Episode: Are you ready to take control of your retirement finances? Your current spending habits could shape your future retirement lifestyle more than you realize. Join Micah and Tammy in this episode as they discuss the critical aspects of retirement planning. Learn why aligning pre-retirement income with post-retirement needs is crucial […]
When Can You Collect Your SRS (Special Retirement Supplement)?
If I retire age 59 under Postponed Retirement can I collect the SRS – Kenneth https://youtu.be/KAGt4Mu4OpM
#102 Key Things Advisors Wish Their Clients Knew
Listen to the Full Episode: It is time to discuss retirement planning, cash flow management, and potential retirement expenses! In this special episode, Micah leads a discussion with Floyd Shilanski, RCF®, a team of seasoned advisors,Christian Sakamoto, CFP®, and JT Ferrin, CFP®, to uncover the crucial aspects of retirement planning that are often overlooked. Let’s […]
Military to Civilian Transition
Hello, I appreciate your videos very much. I am active duty and retiring next year, intending on becoming a GS employee. Can you do one on the military to civilian transition with regards to TSP and other issues, besides buying back time? I have both Roth and Traditional military accounts, and I assume they will […]
