Save Don’t Spend One concept that should be a part of the fabric of our being is save, save, save during the last five years of our federal work career. Hopefully you have been contributing to your TSP since you began working, but certainly the last 5 years before retirement is a time you shouldRead… Read more »
http://www.psretirement.com/social-security-fers-employees-todd-carmack/ I am often asked by clients “When should I start taking my Social Security payments?”. There is no single right answer to that question because everyone designs their retirement differently. This added income can make a difference on when you decide to retire and how much of a benefit you are willing to accept.Read… Read more »
http://www.psretirement.com/older-people-and-work/ Do older people work to survive or because they want to stay in the game? I believe the answer is YES to both. In our society we segment people often without giving it much thought. There are older people in the Congress, even in the White House just moments away from the most powerfulRead… Read more »
PSRetirement.com The rules for your Thrift Savings Plan are pretty straightforward while you are working, but they become increasingly more complex as you enter retirement and attempt to access the money that you have saved in your TSP.gov account. You have 5 withdrawal options for your Thrift Savings Plan that you can select from. OptionRead… Read more »
http://www.psretirement.com/the-federal-financial-advisor/ I was recently asked if my trainer of financial advisors and planners interested in the federal workforce differed from training federal workers? Without missing a beat, I said most emphatically “It certainly does.” It is more intense because financial advisors and planners need to know more about the Federal Retirement Systems than the federalRead… Read more »
The Office of Personnel Management (OPM) has proposed a “Phased Retirement” program. Although implementation has not been announced, it may be valuable to our readers to get a jump start on what Phased Retirement is all about. The Office of Personnel Management realizes the importance of preserving and protecting institutional knowledge. As federal employees leaveRead… Read more »