What coverage do you have, and what coverage do you actually need? Join Micah and Tammy in this episode, where they explain everything you need to know about Medicare and Federal Employees Health Benefits, providing you with the answers you need to make informed decisions about your health coverage. Understand the importance of healthcare planning and find out the critical changes in healthcare plans, shedding light on the latest updates that directly impact you. Discover the inclusion of infert...
Nov 20, 2023•36 min•Ep. 90
I absolutely loved the episode on what you cannot do in the TSP. Naturally, it brought up other questions in my mind. Before I got smart in 2019 and started funneling all of my TSP contributions to Roth, I had designated contributions into Traditional TSP. What is a good strategy when I start withdrawing? Ideally, I'd like to withdraw traditional contributions first, then Roth contributions at a later time (so the Roth balance can continue to grow tax-free). But I don't believe I will have that ...
Nov 15, 2023•5 min
Listen to this week’s recap episode with Sierra Steele and learn about the most common things clients miss when talking with Financial Planners. https://bit.ly/3MAEL5T
Nov 10, 2023•11 min
https://bit.ly/46N9Xae
Nov 06, 2023•24 min•Ep. 89
should I delay my social security and let my wife draw it until my FRA? I planned on drawing at 62 anyways. I am retired navy and invest in TSP, also disabled. I hope this make sense. https://bit.ly/3SfzUL8
Nov 01, 2023•7 min
Listen to 'Follow Up Friday - Year End Tax Planning' and get proactive about your finances and tax planning. https://bit.ly/4730jjv
Oct 27, 2023•7 min
As the year winds down, it's time to get proactive about your finances and tax planning! Join us as we explore strategies to maximize your savings, minimize your tax burden, and tackle your taxes before the last minute of the year comes. Micah and Floyd will guide you through reviewing your withholdings and making paycheck adjustments to optimize your tax savings and explain the importance of identifying taxable income and tracking gross earnings. Learn how to make the most of your Thrift Saving...
Oct 23, 2023•19 min•Ep. 88
What happens to a surviving spouse if an employee dies while working, but that employee was also in the process of buying back military time? My husband has 16 years of service as a Civil Service employee (under FERS), and is currently buying back his military time (12 yrs of military service.) He’s paid a little more than 50% of his military deposit so far. https://bit.ly/46CSFw6
Oct 18, 2023•3 min
Learn how to avoid making irreversable mistakes after death and empower yourself with the knowledge you need to plan for a secure future, covered by Sierra Steele. https://bit.ly/48PDSQH
Oct 13, 2023•10 min•Ep. 87
Don't let irreversible mistakes catch you off guard. Empower yourself with the knowledge you need to plan for a secure future. Let's break down timelines, discuss essential documents like advanced healthcare directives, durable powers of attorney, and wills, and uncover common pitfalls to avoid. Join Micah and Christian as they explore the critical topic of estate planning, unraveling the irreversible mistakes that can occur after someone passes away. Their expert insights shed light on the impo...
Oct 09, 2023•30 min•Ep. 87
"If I retire after age 62, and supplement my monthly FERS pension by making small withdrawals from my Traditional TSP (assume $2,000/ month), would IRS rules determine that I was now in “distribution status,” and permanently stuck with Minimum Required Distributions every year?" - Victor. https://bit.ly/3LG5YUp
Oct 04, 2023•6 min
Learn to make informed retirement decisions and secure your financial future with valuable information in regard to your TSP, covered by Sierra Steele. https://bit.ly/468utlw
Sep 29, 2023•17 min
Whether you're just starting your career, planning for retirement, or already in retirement, or someone looking to understand TSP better, this enlightening episode with our special guest, Kim Weaver, will help you dive deep into the world of Thrift Savings Plan. Make informed retirement decisions and secure your financial future with valuable information and expert insights on making the TSP withdrawal process more manageable, and learn about the common challenges people face and how to avoid de...
Sep 25, 2023•42 min•Ep. 86
I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of precedence beneficiary assignments being spouse, then children in equal shares. I understand this order of precedence is followed when no beneficiary forms are on file. I have not submitted any beneficiary forms. Are there any advantages/disadvantages of filling out beneficiary designation forms to restate this assignment? What are the advantages/disadvantages to na...
Sep 20, 2023•9 min
Learn why the TSP is such a phenomenal tool for your retirement and find out what you should know about your TSP funding, covered by Sierra Steele. https://bit.ly/44IOg9y
Sep 15, 2023•12 min
In this episode, host Micah Shilanski and a special guest - JT Ferrin, delve into explaining the meaning of TSP Spillover and the advantageous role of Health Savings Accounts (HSAs) in retirement savings. The TSP Spillover is an important concept that might be unfamiliar to many federal employees. Micah and JT provide insights into this administrative change, explaining how it can affect retirement savings and clarifying common misconceptions. Take advantage of this opportunity to enhance your r...
Sep 11, 2023•28 min•Ep. 85
My husband and I both had careers with the National Park Service. He carried the family insurance for us. He retired in 2021 and did not select me for survivor benefits since I also worked for the federal government. I now want to resign and defer or postpone my retirement until I meet the minimum age. I am 54 (3/10/69). If my husband dies before me, do I still keep federal health benefits with a deferred retirement? What would happen if he does before I reach the minimum age for my deferred ret...
Sep 06, 2023•6 min
Learn about your options for living abroad in retirement and find out everything you need to keep your benefits, covered by Sierra Steele. https://bit.ly/45vmhLA
Sep 01, 2023•13 min
Do you wonder about your options for living abroad in retirement? Are you ready for change but need to know everything you need to keep your benefits? In this podcast episode, Joe Curry, CFPⓇ, CHS, joins Micah to delve into the intricate details of retiring abroad. The episode serves as a comprehensive guide for individuals considering the move, covering various challenges and considerations that arise when relocating for retirement. Get valuable advice and insightful perspectives, from the comp...
Aug 28, 2023•31 min•Ep. 84
All you need to know about your FERS eligibility. https://bit.ly/44d4zuU
Aug 23, 2023•6 min
Learn why the Federal Employee Health Benefits (FEHB) is such an excellent benefit for federal employees, allowing them to keep health insurance into retirement, covered by Sierra Steele. https://bit.ly/3YAsqnc
Aug 18, 2023•8 min
In this episode of Plan Your Federal Retirement Podcast, Micah and Jamie discuss the Federal Employee Health Benefits (FEHB) and how it is an excellent benefit for federal employees, allowing them to keep health insurance into retirement. But most importantly, they dive into the rules for dual Feds, which refers to a married couple where both are federal employees. Find out what actions you should take to keep FEHB in retirement and why reviewing your health insurance options during Open Season ...
Aug 14, 2023•18 min•Ep. 83
I'm about 10 years out from retirement. I'm wanting to stop putting money into the traditonal tsp and start a roth. Is that doable. Forms? Here's what you need to know: https://bit.ly/3DHv40L
Aug 09, 2023•6 min
Learn what the importance is of understanding the rules and regulations for federal employee retirement, covered by Sierra Steele. https://bit.ly/3DGvJ2G
Aug 04, 2023•13 min
Are you a federal employee planning for retirement? Do you know that negative outcomes can be prevented if only you know how to find the correct information and understand all the pieces of the Federal Retirement puzzle? But… what if the information you get from HR or OPM is different than what you think is right? How to verify if it is correct or not? Tune in to this podcast with Jamie and Micah as they discuss the importance of understanding the rules and regulations for federal employee retir...
Jul 31, 2023•29 min•Ep. 82
Everything you need to know about your unused sick in retirement. https://bit.ly/3Oc3T48
Jul 26, 2023•6 min
How do you know what to have in savings? Learn all about great tips on how to organize your savings and what your goal should be, covered by Sierra Steele. https://bit.ly/3PTagee
Jul 21, 2023•11 min
How many months’ worth of living expenses do you need to have saved up and why? Do you have emergency (911 account) reserves? These questions bother a lot of people. But, the fundamental question for each of us is: What should we have in savings? If you want to know what experts will advise you, tune in to today’s podcast, where Micah and Floyd discuss the importance of emergency funds for working and retired individuals. Find out why you should be intentional about saving and separating differe...
Jul 17, 2023•26 min•Ep. 81
What you need to know about the earnings test for FERS Supplement and earned income. https://bit.ly/3pJI1ng
Jul 12, 2023•6 min
Does everybody have the right to a FERS Supplement? Learn all about who will receive it and what you need to do and watch out for, covered by Sierra Steele. https://bit.ly/444LKe9
Jul 07, 2023•9 min
