The FERS supplement is a great benefit of your FERS retirement package. This supplement is available to federal employees who retire before age 62 and is a substitute for social security. The amount of the supplement is calculated using the same formula as Social Security, but it is unique to each employee. It's designed to create a social security piece of retirement that needs to be added for those who retire before the age of 62. But do you know what can reduce this supplement or even termina...
Jul 03, 2023•34 min•Ep. 80
What do you need to know about any advantages/disadvantages of filling out beneficiary designation forms to restate this assignment? And what are the advantages/disadvantages to naming my Revocable Living Trust (husband and wife) as beneficiary? https://bit.ly/3CG4hS6
Jun 28, 2023•9 min
Learn what's possible and what's not when it comes to your TSP in retirement. Here are the 7 things you can not do in TSP in Retirement, covered by Sierra Steele. https://bit.ly/3NznF9v
Jun 23, 2023•9 min
Retirement can be challenging, especially when it comes to managing your finances. One of the biggest mistakes you can make is assuming you can do anything you want with your thrift savings plan (TSP) after retirement. As a federal employee, you have phenomenal benefits, but as with any other tool, they have strengths and weaknesses. Knowing them can save you lots of money! Tune in to today’s episode, where Micah and Tammy are sharing the seven things you cannot do with your TSP in retirement an...
Jun 19, 2023•34 min•Ep. 79
I am turning 62 and I am drawing disability FERS . Can I draw social security and FERS together? End will my FERS change when I turn 62? https://plan-your-federal-retirement.com/fers-and-social-security/
Jun 14, 2023•6 min
The importance of knowing what lies ahead, what to expect and what steps to take when transitioning to retirement, covered by Sierra Steele. https://bit.ly/45Mr4cc
Jun 09, 2023•8 min
You are getting closer to retirement, but specific tasks must be completed to enjoy it thoroughly. You'll need to take care of all paperwork, or at least have copies of everything, a few months before retirement and a few months after the process starts, and make sure that all questions concerning service history have been answered. You should contact the human resources department, get an update on any electronic personnel records, and make sure that any beneficiary designations and health and ...
Jun 05, 2023•36 min•Ep. 78
Important things you need to know about contributions to your ROTH TRSP: https://bit.ly/3WyCqfy
May 31, 2023•4 min
You've been working and saving and planning for your retirement. And when you retire, you go through a psychological shift from accumulation to distribution. Here lies the importance of understanding your federal benefits and the best way to use them! The TSP is a phenomenal tool; your federal benefits, your pensions are phenomenal. Your health insurance is an outstanding tool. But is it perfect? No. There are gaps in these things, and we want to bring your attention to understanding how your to...
May 22, 2023•33 min•Ep. 77
Important things that you need to know about your Social Security and Medicare in retirement: https://bit.ly/42xqYmL
May 17, 2023•5 min
The importance of knowing the different streams of income and how to use them, covered by Victoria Kellerman. https://bit.ly/3nR06z6
May 12, 2023•13 min
Cashflow is the heartbeat of retirement, so you have to know the details of your income streams, the theory, and the reality behind some of your incomes. This way - you can work on your plan. The more we plan and apply, the easier and the more successful the retirement will be. We all know the three stools major of retirement - estate planning, cash flow, and social security. But what about the other income types? Whether it's rental properties, investments, or pensions, it's all part of that fi...
May 08, 2023•35 min•Ep. 76
Learn how to use your TSP in retirement. https://bit.ly/3hXxbnh
May 03, 2023•7 min
The importance of making a financial plan for a great retirement, covered by Victoria Kellerman. https://bit.ly/3LuIaDs
Apr 28, 2023•16 min
Setting goals and mapping a strategy - these are the ground rules for taking the action in your hands! No, you don't have to be precise or super accurate - we know things change, but navigating towards a point helps you reach the correct destination when sailing. Join today's discussion between two industry legends - Micah and Floyd Shilanski, where they reveal the most common mistakes you can make while planning for retirement and why they happen. Then, find out about the five areas of cash pla...
Apr 24, 2023•31 min•Ep. 75
Are you close to the 10% Pension Bonus? Did you even know there was a 10% pension bonus? Here's what you need to know: http://bit.ly/3KSOpR1
Apr 19, 2023•4 min
One of the most essential and fundamental questions is choosing the right federal retirement plan! Do you know how much you should save for your retirement? Are you being realistic with your intentions and expectations? Do you have a retirement income? And what if there is a gap... is there a way to solve it? Listen in as Micah and Tammy dive into the details of making the right decisions and the most important things you should pay attention to! http://bit.ly/40MkRu3...
Apr 10, 2023•37 min•Ep. 74
Will your FERS Supplement be reduced if you have other earnings? Here's what you need to know: http://bit.ly/3KmSLzO
Apr 05, 2023•6 min
What happens if you make the wrong selection? http://bit.ly/3KhuMBR
Mar 31, 2023•5 min
Net vs. Gross income. Which one hits the door of your bank account? Changes regarding insurance? Life insurance, health insurance... Any different kinds of SCD and any tips on taxes? Do you know all these rules and details you should consider while planning your retirement? We hope you get the most out of your benefits, so today, we cover some of the costly mistakes we see Federal Employees make. Listen in as Micah Shilanski and Christian Sakamoto point out these mistakes and learn how to avoid ...
Mar 27, 2023•28 min
I have 31k in my TSP. Is it possible to withdraw the total amount at one time? Here's what you need to know. http://bit.ly/3JpTgHD
Mar 22, 2023•9 min
I am new to the whole HSA thing as I had Blue Cross and APWU insurance for the previous 30 years, and I’m not sure I quite understand the benefits of it. Can you discuss the benefits of maximizing the amount of contributions to the HSA to maximize my benefit in retirement? http://bit.ly/3JJznwg
Mar 17, 2023•13 min
Accidents happen, but some come with severe consequences. For example, when covering someone with your HSA that you shouldn't cover, you can face severe penalties! That is why in today's episode, Tammy and Micah cover some fraudulent issues that can come up with health insurance and survivor benefits. Listen in as they explain how to make sure you are making the right decisions and determine who is eligible to go under your health insurance. http://bit.ly/3ZCU6aU...
Mar 13, 2023•34 min
Will you be able to keep FEHB into retirement? Here's what you need to know. http://bit.ly/3ELK3Yo
Mar 08, 2023•7 min
Changes the Secure 2.0 brings and what do they mean for the retirees and federal employees, covered by Victoria Kellerman. http://bit.ly/3KMF7qh
Mar 03, 2023•9 min
Changes are happening, and questions have been raised! That is why we have a special guest in today's episode - Steven Jarvis, CPA. Micah and Steven will answer the most common question out there these days and clear out all of your confusion. Join us and find out what is the Secure Act 2.0, and why does it matter? http://bit.ly/41j402z
Feb 27, 2023•32 min•Ep. 71
If there's a big Fers retirement Cola increase coming, when is the best time to retire to make sure you get the increase? http://bit.ly/3YQFQu0
Feb 22, 2023•6 min
Learn the options for social security benefits if you or your spouse passes away. You can find more information by clicking here: https://bit.ly/38ryYM7
Feb 17, 2023•7 min
The benefits in retirement that Federal Employees have are based on three things: Pension Social Security TSP To avoid misconceptions about one of the most essential things in your retirement planning - Social Security - we have Floyd Shilanski and his years of experience. Find out the different strategies you can use and learn when you can vs. when you "should" apply for your social security. Listen to what Floyd and Micah say about Social Security and how to make the best of it! http://bit.ly/...
Feb 13, 2023•28 min•Ep. 70
Do you know the difference between a Postponed retirement and a deferred retirement? Here's what you should know BEFORE you retire. http://bit.ly/3JXQCuD
Feb 08, 2023•7 min
