If you are a Federal employee you are likely well-versed in the Thrift Savings Plan (TSP) which has the purpose of giving you a long-term retirement savings and investment plan. There are several advantages to the TSP, and one that is upcoming in 2024, is that the TSP L Fund is switching to a broader …
TSP I Fund Switches To A Broader Index – How To Choose Which One Is Right For You Read More »
If you are getting ready for retirement after a career in Federal service, congratulations! While this is an exciting time, it can be difficult to decide the best date for retirement. This decision requires careful consideration and planning, as it can impact your retirement income, so be sure you are ready and have thought about …
Rules Of Thumb For Deciding On Your Federal Retirement Date Read More »
With several options available, from different plan types to various coverage levels, using the “Federal Employees Health Benefits Program” aka the FEHB Open Season as a strategic tool can significantly impact the healthcare experience and financial well-being of millions of Federal employees and their families. Suppose you need help deciding what’s best for you. In …
How To Use The FEHB Open Season To Adjust Your Coverage Read More »
Is It Possible To Lose Your Federal Pension After Retirement? As retirement approaches, many federal employees look forward to the security of their hard-earned pensions. However, a looming concern often arises—can a federal employee lose their federal pension after retirement? The thought of potentially losing a pension that one has diligently contributed to over the …
Can You Lose A Federal Pension After Retirement? Read More »
Are you a federal employee looking to diversify your retirement portfolio beyond the Thrift Savings Plan (TSP)? While TSPs are a popular choice for many, exploring alternative investment options could potentially enhance your long-term financial security. Here, our team at The Federal Educators explores some of the most common alternatives to investing in TSPs that …
The Most Common Alternatives To Investing In TSP’s Read More »
Are you a federal employee overwhelmed by the countless options of FEHB plans available to you? Don’t worry, you’re not alone. With so many choices, it can be intimidating and confusing trying to find the right plan that meets your healthcare needs. We understand that selecting a healthcare plan can feel like venturing into uncharted …
Are you a federal employee who is about to retire with Medicare on the horizon? Well, before you make any assumptions about your health benefits, it’s time to debunk some of the most persistent myths that have been circulating. From misconceptions surrounding coverage options to concerns about costs and limitations, this article aims to shed …
5 Myths About Federal Employee Health Benefits And Medicare You Shouldn’t Fall For Read More »
As the golden years approach, retired federal employees are faced with an important decision: should they tap into their Traditional or Roth Thrift Savings Plan (TSP) first? It’s a question that carries significant implications for their financial future. While the answer may seem straightforward, it’s not just about satisfying immediate financial needs; it’s about making …
Should Retired Federal Employees Draw From a Traditional Or Roth TSP First? Read More »
We all know that a government shutdown can wreak havoc on various aspects of our lives, but have you ever considered how it might affect your health insurance? It’s a question that often gets overlooked amidst the chaos and drama, yet it is one that deserves attention. Join us as we delve into the world …
What Happens To Federal Health Insurance If The Government Shuts Down? Read More »
Attention government employees: there’s a new retirement savings regulation on the horizon that could have a big impact on your financial future. In 2024, some federal workers will be required to make catch-up contributions exclusively to their Roth TSP accounts. If you’re not familiar with the Roth TSP or what catch-up contributions entail, don’t worry …
New Requirement To Make Catch-Up Contributions Solely To Roth TSPs In 2024 Read More »