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Showing posts with the label FederalEmployeeFinancialIndependence

Example: Understanding FERS Deferred Retirement: Which Benefits Will I Forfeit? (Illustrated)

Are you considering a FERS Deferred Retirement? Are you aware of the potential impacts that will occur if you do so? In this video, we discuss the FERS Deferred Retirement and what impacts it has on your other benefits as a Federal Employee. You can read the full article here: Leave a comment below if you have any other questions regarding your FERS Deferred Retirement and the impacts it may have on your other benefits! -=-=-=-=- Want to learn more about how you can plan for your federal retirement? Then check out: Plan Your Federal Retirement Website: Do you like listening to podcasts? Want to specifically learn how to better plan for your federal retirement? Then check out: Plan Your Federal Retirement Podcast: Are you looking to work with a financial planner who specializes in the intricacies involved with the federal employee retirement system? Then check us out: Shilanski & Associates, INC.: Also, follow me at these places below and say hi! LinkedIn: ...

Calculating Your Federal Employee FERS Annuity: A Step-by-Step Guide with an Example

Are you trying to understand how much your FERS Annuity will be when you retire? There are two misconceptions many federal employees have when it comes to their federal retirement: 1) mistaking years of service and/or 2) understanding their Hi-3. In this video, Micah is going to break down how the FERS pension works and provides an example! You can read the full article here: Do us a favor and hit that subscribe button! It helps us continue to grow and get this content out there for federal employees! -=-=-=-=- Want to learn more about how you can plan for your federal retirement? Then check out: Plan Your Federal Retirement Website: Do you like listening to podcasts? Want to specifically learn how to better plan for your federal retirement? Then check out: Plan Your Federal Retirement Podcast: Are you looking to work with a financial planner who specializes in the intricacies involved with the federal employee retirement system? Then check us out: Shilanski & ...

Is It Better to Withdraw Funds from Your Pre-Tax TSP or Roth TSP?

Have you ever wondered when it comes to taking money out of your retirement account , if you should take it from your Pre-Tax TSP or your Roth TSP? In this video, Micah helps you make an educated decision as you plan your federal retirement! You can find the full article here: Leave us a comment below and let us know what your plan is for your retirement account withdrawals from your TSP! -=-=-=-=- Want to learn more about how you can plan for your federal retirement? Then check out: Plan Your Federal Retirement Website: Do you like listening to podcasts? Want to specifically learn how to better plan for your federal retirement? Then check out: Plan Your Federal Retirement Podcast: Are you looking to work with a financial planner who specializes in the intricacies involved with the federal employee retirement system? Then check us out: Shilanski & Associates, INC.: Also, follow me at these places below and say hi! LinkedIn: Facebook: Until next time, ha...

Mistakes That Can Happen When You Move Your Funds From Your TSP To An IRA To A Roth IRA?

Moving funds from your TSP can be a tricky process. But in this FERS Federal Fact Check, Micah identifies mistakes that people often make, so you don't have to! You can read the full article here: Leave us a comment below if you have a question about transferring funds from your TSP, and we'll try to answer it in a future video. -=-=-=-=- Want to learn more about how you can plan for your federal retirement? Then check out: Plan Your Federal Retirement Website: Do you like listening to podcasts? Want to specifically learn how to better plan for your federal retirement? Then check out: Plan Your Federal Retirement Podcast: Are you looking to work with a financial planner who specializes in the intricacies involved with the federal employee retirement system? Then check us out: Shilanski & Associates, INC.: Also, follow me at these places below and say hi! LinkedIn: Facebook: Until next time, happy planning! Micah Shilanski, CFP® #PlanYourFede...

Leave Your TSP Untouched And "Will" It To Your Spouse

It's really important to understand how taxes work when you pass away. If you leave your TSP untouched, and 'will' it to your spouse, does it go into the ordinary income bucket, or would your spouse get it all? In this video, Micah talks about how IRA and taxes play a part in your retirement post your death, and how you can make sure your loved ones don't incur any problems later on. You can read the full article here: Leave us a comment below if you have any questions about the potential downsides Federal Employees could face if they decide to leave their TSP untouched! -=-=-=-=- Want to learn more about how you can plan for your federal retirement? Then check out: Plan Your Federal Retirement Website: Do you like listening to podcasts? Want to specifically learn how to better plan for your federal retirement? Then check out: Plan Your Federal Retirement Podcast: Are you looking to work with a financial planner who specializes in the intricacies i...

When You Take Money Out Of The TSP, Does It Increase Your Taxes?

Peter asks if making a one time TSP withdrawal would put him in a higher tax bracket. Micah answers using the classic tax buckets illustration. You can read the full article here: If you found this video informative, please consider subscribing to our channel. If you have any questions about TSP, leave us a comment below and we'll try to answer it in a future video. -=-=-=-=- Want to learn more about how you can plan for your federal retirement? Then check out: Plan Your Federal Retirement Website: Do you like listening to podcasts? Want to specifically learn how to better plan for your federal retirement? Then check out: Plan Your Federal Retirement Podcast: Are you looking to work with a financial planner who specializes in the intricacies involved with the federal employee retirement system? Then book a consultation here: Thanks! Also, follow me at these places below and say hi! LinkedIn: Facebook: Until next time, happy planning! Micah Shilanski, ...