Ep #52: How Much Do You Want to Spend in Retirement?

Micah is flying solo in today’s podcast to answer this indirect question that he gets when meeting with clients. He discusses how to decide what you want to spend in retirement and shares the tools he uses to help people plan for that. Listen in as Micah goes over the issues he has with budgets […]

Should I buy back 20 years of military time?

buy back military time

“Greetings, I am retired from the Army after 20 years as a Staff Sergeant.  I am currently a GS 14 with 11 years under FERS. When I retire do I keep my military retirement monthly check and a fed GS retirement separate from the military time? Or should I buy back the time and retire […]

Conflicting Information About My Lump Sum Annual Leave

Lump Sum Annual Leave

”I have gotten conflicting information about my lump sum annual leave. I plan on retiring on 12/31/21. I know that I will get my lump sum A/L payment a few weeks into 2022. Will the IRS count this as income for the tax year 2021 or 2022? Also, will taxes on the lump sum A/L […]

Can you deduct your FEHB premiums in retirement?

FEHB premiums in retirement

I am aware that after I put in ten years’ federal civilian creditable service and then retire, my FERS annuity will be reduced monthly by 10% for the surviving spouse 50% annuity and that FEHB premiums will be deducted as well. My questions: Are the FEHB premiums in retirement deductible? Is the 10% deduction taxable? […]

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: