February 25, 2021 / by leslie "kathy" hollingsworth
Housing, transportation, and food often take prime position in retirement planning. But while these expenses may often be predictable, some could end up costing more than expected. Here are three expenses that can wreck your retirement budget. 1. TaxesA person's tax...
February 17, 2021 / by leslie "kathy" hollingsworth
Should you retire this year? This is a big question, and one we know is playing on the minds of many. There's uncertainty in the economy and a pandemic that doesn't seem to be going anywhere; this is planting seeds...
February 16, 2021 / by todd carmack
As we enter 2021, it's sometimes difficult to keep up with all the changes to Medicare. Don't worry, we have everything you need to know in this guide. For example, it starts with a $4 increase to all Part B...
February 11, 2021 / by leslie "kathy" hollingsworth
If you're struggling with retirement planning, the first thing to know is that you aren't alone. Not only is the cost of living increasing, but not everybody can access a pension, and saving is becoming increasingly difficult with debts such...
February 10, 2021 / by todd carmack
There may be significant Social Security changes in 2021. The results of the late-stage COVID-19 vaccine may bring an end to the pandemic. Besides, President-elect Joe Biden's inauguration in January will bring in a new dawn for politics. Still, one...
February 6, 2021 / by joe carreno
Getting prepared for retirement requires constant savings, investments, and successfully minimizing accrued fees and penalties. You can have more savings in a shorter time if you use your workplace retirement benefits optimally. You can also build your nest egg quickl...
January 27, 2021 / by todd carmack
The exceptional low yields from government bonds have been a major challenge of managing money in the past few years. When you consider inflation, there may be zero or negative yield. Since traditional retirement investment portfolios consist mostly of bonds,...
January 24, 2021 / by joe carreno
Millions of retired Americans rely on their Social Security benefits to take care of their bills during retirement. Considering that the average senior receives about $1,519 monthly in Social Security benefits, the money mostly covers essentials. But why focus only...
January 12, 2021 / by todd carmack
The Thrift Savings Plan is a significant component of a successful retirement goal for retirees under the Federal Employee's Retirement System (FERS). It is essential to know how to access your TSP when you retire and claim your funds while...
January 6, 2021 / by todd carmack
In June 2020, 3.5 million participants of the Federal Employees Retirement System contributed to the Thrift Savings Plan. However, only 666,175 federal employees actually contributed to the Roth TSP. This participation represents 18% of TSP participants. For the Federal Employees...
January 4, 2021 / by marvin dutton
2021 Contribution Limits for Traditional and Roth IRAs
December 29, 2020 / by marvin dutton
According to some studies, as many as two-thirds of Americans are failing in their retirement preparations. Unfortunately, another worryin...
December 12, 2020 / by todd carmack
When you are making your estate plan, you may want to include a trust. Many people make their estate plan because they want to leave some ...
December 10, 2020 / by joe carreno
Based on your choice, you can assign your Federal Employees Group Life Insurance to a single person, several people, trusts or firms. When you assign your Federal Emplo...
December 4, 2020 / by joe carreno
The main question that federal employees ask every time is if they are making enough contributions to their retirement plans, such as the ...
December 1, 2020 / by todd carmack
A few days ago, I saw a post on one of the social media pl...
November 24, 2020 / by todd carmack
The CBO (Congressional Budget Office) always reflects a pe...
November 9, 2020 / by joe carreno
You need to know the reasons why retirees live a financially comfortable life after retirement. You will discover that you don't need ...
