Picking Smarter Investments in Your TSP. Sponsored By: Todd Carmack
Picking Smarter Investments in Your TSP: Todd Carmack If done carefully, it’s possible to use the government’s plan for retirement to your benefit. Almost five million people keep some or all of their savings for retirement in the United States government’s Thrift Savings Plan (TSP). However, many people may not be managing their TSP to
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Lawmakers Introduce Bill for Federal Employee Pay in 2022. Sponsored by Todd Carmack
A bicameral pair of Democrats recently introduced new bills to increase the pay of federal employees in 2022. Rep. Gerry Connolly (Democrat-Va.) has reintroduced the Federal Adjustment of Income Rates (FAIR) Act in the house. Similarly, Senator Brian Schatz (Democrat-Hawaii) is also expected to introduce a Senate’s companion bill. The new bill calls for
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Protecting Your TSP as You Approach Retirement sponsored by: Todd Carmack
Financial advisors will always tell you to invest aggressively when you are young and change to a more conservative investment strategy as you grow older. But most people don’t know what this means in practice. This article will show you an effective strategy to help you take enough risk while also being conservative enough to
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The Risks of Trading Your Own Retirement Assets
The option of trading your retirement assets may sound enticing. But is it the best way forward, especially in the long run? This article provides insight into this question.
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The COVID-19 Economic Turmoil’s Impact on Baby Boomers sponsored by Todd Carmack
The COVID-19 Economic Turmoil’s Impact on Baby Boomers sponsored by Todd Carmack As per Todd Carmack the impact of COVID-19 on every sphere of human life, especially on the economy, has been drastic and out of bounds. The damage caused by an invisible virus will take a lot of time and effort to overcome
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Protecting your 401K From the Coronavirus sponsored by Todd Carmack
Protecting your 401K From the Coronavirus sponsored by Todd Carmack As per Todd Carmack Corona Virus has emerged as a financial threat, and this threat is gaining ground rapidly all over the world. COVID-19 has given a sharp blow to the world economy, leaving the stock markets crashed. According to Steve Sexton, financial consultant and
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SSA Looks To Increase Continuing Disability Reviews To Save Money, But At What Cost? sponsored by Todd Carmack
SSA Looks To Increase Continuing Disability Reviews To Save Money, But At What Cost? sponsored by Todd Carmack As per Todd Carmack In the fall of last year, the Social Security Administration (SSA) publicly made propositions on making some changes to the Supplemental Security Income (SSI) and Social Security Disability Insurance programs. Both of
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What Are The Deferred and Postponed Annuity Options? Sponsored by Todd Carmack
What Are The Deferred and Postponed Annuity Options? Sponsored by Todd Carmack We will be going over deferred and postponed annuities for those federal employees that are looking to retire soon by Todd Carmack. When it comes to deferred annuities, this option is often the best if you are leaving your federal post before you
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What You Can Do About Taxes on Social Security Benefits sponsored by Todd Carmack
What You Can Do About Taxes on Social Security Benefits sponsored by Todd Carmack Once you are the legal age to pay income taxes, this will continue until the day you pass. There is no avoiding it. Todd Carmack said you will have to pay taxes on withdrawals from any tax-deferred retirement savings plans. You
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Learning about L Funds by Todd Carmack
The objective of L funds is to provide a balance between risk and return combined with an employee’s future retirement year. The L Funds are designed to make life a little easier for federal employees by taking the guesswork out of trying to diversify and rebalance TSP allocations for retirement planning.
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The Roth TSP by Todd Carmack
Todd Carmack explains various aspects of the Roth Thrift Savings Plan.
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Getting the most out of the Thrift Savings Plan by Todd Carmack
For employees under the FERS system, the TSP is one of the best benefits to take advantage of. The TSP plan allows FERS employees matching contributions:
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Evaluating Your Life Insurance Policy by Todd Carmack
Everyone needs to evaluate their life insurance policies on a regular basis with their agent to determine if it still meets the needs that it was set up for.
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Planning for your Federal Retirement by Todd Carmack
Preparing for your federal retirement starts the day you are hired and start taking advantage of one of the greatest benefits the Thrift Savings Plan.
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Understanding The Thrift Savings Plan, By Todd Carmack
The most important pieces of advice I can provide to employees is to make sure you are contributing a minimum Thrift Savings Plan (TSP). Todd Carmack, Arizona
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Social Security for FERS Employees by Todd Carmack
To be eligible for Social Security, you must first have worked a specific number of quarters. You will need 40 quarters to be fully insured for life. In other words, if you have worked for 10 years in jobs covered by Social Security, you can assume you are fully insured. by Todd Carmack
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Understanding Your FEGLI Coverage, by Todd Carmack
The cost or ‘premium’ paid to maintain FEGLI almost doubles every 5 years. At age 65, you may elect to reduce coverage by 2% a month for 50 months until it reaches 0, or continue to pay premiums. by Todd Carmack
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Is The Pension ‘Survivor Benefit’ Best For You? by Todd Carmack
you may be able to use the costs associated with your Survivor Benefit and purchase a life insurance policy that provides your spouse and or your heirs with a much greater benefit. by Todd Carmack
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