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TSP and FERS are important parts of your retirement

Lifetime Retirement Income: Is it Even Possible?

Wondering how to get the well-deserved peace of mind that comes with lifetime guaranteed income? Is it even possible? Yes! It very much is, and here’s how. Imagine taking that vacation without the fear of it affecting your retirement or better yet having all your essential living expenses covered for the rest of your life....Read More

Should Illinois Now Tax Retirement Income?

In Illinois, the huge budget crisis is no secret and experts have been working hard to resolve it in recent months. Now, as was inevitable, the topic of conversation has moved towards retirement income and whether Illinois should follow the guidance of other states and tax this area. So far, they have resisted the temptation,...Read More

Trumps Continues Journey to Paid Family Leave

In President Trump’s proposed budget, we were able to get a better idea of the direction in which the administration wants to go. For example, we saw that the stance towards paid family leave hasn’t changed. For all new parents, including adoptive parents, the President has suggested six weeks of paid leave. Though this isn’t...Read More

Getting Your Adult Children Off Your Payroll

As almost any parent knows, the responsibility to your children doesn't end when they turn 18, and they may still be financially dependent on you, even if they've left the house. According to a Pew Research Center survey, 61 percent of parents with at least one adult child of legal age said they contribute to...Read More

reviewing your tax plans by Aubrey Lovegrove

Maximizing Your Tax Returns in 2019

The clock is ticking away when it comes to the various ways Americans can keep their hard-earned money in their pockets with April 15 being the tax deadline. Taxpayers tend to leave too much tax return money on the table, and this problem mostly occurs because they haven’t known about (or taken) all of the...Read More

Maximizing the Efficiency of Retirement Savings

In recent times, there has been a particular focus in the US on retirement security. While assessing potential solutions to the multi-employer pension plan financial crisis, policymakers are also considering a plan that would allow small businesses to offer group retirement plans with other small entities. In Canada too, the Canada Pension Plan is getting...Read More

BWM Inc can build your retirement on a solid foundation.

Prospective Retirees Not Financially Prepared For Golden Years

Did you know that most people have not saved enough money for their golden years? In fact, the Allianz finance firm conducted a survey of over 3,200 baby boomers in 2016, and it showed that over 60 percent were worried that they’d run out of money before they died – fearing more than death itself....Read More

How to Be Aware of What Your Retirement Income Could Be Like

According to the old saying, time flies when you’re having a good time. For the people in 1987, retirement investing was new for the majority of federal employees. So much has happened since that time. Today, when federal employees retire, they’ve got income from FERS, TSP, and Social Security to replace pretty much the income...Read More

Making Sure You’re Prepared to Retire in 2019

Now is when you should make sure you are fully prepared if you count yourself amongst the millions of retirement-aged Americans ready to say goodbye to the full-time workforce in 2019. The transition to your next phase of life, whether it be retirement or semi-retirement, should receive more than just a passing glance. Every day,...Read More

Feds Can Provide Notice of Intentions in Advance

Illness or injury can cause a medical condition that is catastrophic at any age, potentially leading to the patient losing their ability to make the appropriate decisions. Thanks to “advance directives” you can now give directions for your medical care in advance when such instructions are to be deemed as necessary. The availability of the...Read More

GAO Report Urges Congress to Act to Save Postal Service Retiree Fund

If Congress fails to take action to address the funding shortfall for the U.S. Postal Service, the agency will not have enough money in 12 years to pay for retirees’ healthcare. This has been an ongoing issue for the last ten years, as the USPS has been ordered to pre-fund the benefit for prospective...Read More

Take a Look at the New Retiree Dental Rates Online

Military retirees who would like to enroll in vision and dental coverage for next year will now be able to check out all the available plans. TRDP (TRICARE Retiree Dental Plan) ends on 31st December. The retirees who would like to maintain dental coverage must choose a plan from the options that are included in...Read More

3 Possible Predictions for Federal Government Workers and Retirees

3 Possible Predictions for Federal Government Workers and Retirees If the predictions listed below turns out be true, it would be federal employees and retirees that get the much-needed assistance they need to deal with higher health premiums. And, for working individuals, it means getting accustomed to new types of health plans that offer comparable...Read More

Use Caution When Estimating Your Expected Income

A lot has happened since 1987 when we first learned of the Thrift Savings Plan and how it fits into the multi-tiered Federal Employee Retirement System (FERS). For today’s retiring federal employees, the income that comes from Social Security, FERS, and investments in the Thrift Savings Plan (TSP) will completely replace the net income they...Read More

Five Important Retirement Decisions Feds Have To Make

As a federal employee late in your career, it is likely that you are contemplating retirement. This may be the opportunity to pick up new hobbies and pursue passions you may not have had time for while you were actively working. But, for some, it is a different kind of opportunity, one where they will...Read More

Will Your Military Pension Be Enough In Your Golden Years?

Most companies have eliminated pension plans for the more popular 401(k) option, as it allows employees to make contributions toward their retirement. The military, on the other hand, still provides the pension. If a person stays in the service for the full 20 years, they get 50 percent of their highest three years of base...Read More

You Could Soon File Insurance Claims with Robots

What is TSP? Nowadays, Artificial Intelligence is the rage across different industries. Surprisingly, the insurance industry is a significant investor in AI-driven technology. A 2017 Global Trends Study estimates that the insurance sector spent an average of $124 million in AI technology. Interestingly, this amount is $54 million more than the average of other surveyed industries....Read More

Linda Jensen | Top Four Tips for IUL Shopping

Linda Jensen: Your IUL Guide LINDA JENSEN - Obtaining a universal life insurance policy that suits your unique needs is often a challenging undertaking. But why is that so? It is because universal life insurance policies are flexible products. Given that, selecting the right one requires that you evaluate between numerous available options. Most likely you...Read More

Michael Wood | Optional FEGLI Premiums Rising After Age 50

MICHAEL WOOD - FEGLI provides coverage to federal employees and is employer-sponsored. Interestingly, it is the largest insurance program of its kind in the USA. The program was created in 1954 and covers federal employees, their families and retires. Currently, the Office of Personnel Management administers the program with MetLife Insurance Group underwriting its...Read More

Retirement Funds: Three Ways You Can Be Preparing Financially

Retirement Funds: Three Ways You Can Be Preparing Financially Approximately 43 percent of homeowners are worried their pensions will not cover the costs of their retirement, according to a study done by SunLife. At a time where we are living more active and longer lives after retirement, retirees are considering how they will finance their retirement goals when

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