Federal Employee Financial Planning Podcast

What does a real financial planner actually do—and how do you know if you've hired one? In this episode, Michael, Tommy and John break down the most common misconceptions about financial planning and explain why it's about much more than just investment management. You'll learn why financial planning is especially crucial for federal employees, how fiduciary standards impact the advice you receive, and what red flags to look for in a planner. Access the full show notes at Mason & Associates, LLC Resources Mentioned: Mason & Associates: LinkedIn Tommy Blackburn:  LinkedIn John Mason: LinkedIn Office of Personnel Management (OPM) VERA (Voluntary Early Retirement Authority)

What if your six-month emergency fund isn't enough? In this episode, John, Michael, and Tommy tackle the shifting financial landscape for federal employees in 2025. As government changes create uncertainty—think early retirements and layoffs—they share smart, strategic ways to prepare. You'll learn how to build a tiered emergency plan, optimize your liquidity, and adapt your lifestyle budget in case your income suddenly takes a hit.  Access the full show notes at Mason & Associates, LLC Resources Mentioned: Tommy Blackburn: LinkedIn John Mason: LinkedIn Dave Ramsey Rocket Money EveryDollar Thrift Savings Plan (TSP) Don't Max Your TSP 

Should you elect full survivor benefits when retiring as a federal employee? In this episode, John, Tommy, and Mike discuss one of the most critical decisions for federal retirees. They explore the costs, benefits, and long-term financial implications of survivor benefits, urging retirees to carefully consider their options. They also emphasize the importance of full survivor benefits for ensuring continued income for spouses after retirement, providing real-life examples to show how these benefits can impact financial security, tax advantages, and peace of mind. Access the full show notes at Mason & Associates, LLC Resources Mentioned: Tommy Blackburn: LinkedIn John Mason: LinkedIn Federal Employee Health Benefits (FEHB) Stay Wealthy Retirement Show Federal Employees - DO NOT Decline Survivor Benefits! Mason & Associates Interview with Wavy 10- Military Survivor Benefits

Medicare decisions can be overwhelming, and with rising costs and policy changes, making the right choice is more important than ever. In this episode, Bryan Gay, owner of Boomer Insurance Group, shares his insights from helping over 20,000 clients navigate Medicare enrollment, insurance options, and the impact of the Inflation Reduction Act. He explains why working with his team can be a game-changer and how choosing the wrong plan could cost you in the long run. Access the full show notes at Mason & Associates, LLC Resources Mentioned: Tommy Blackburn: LinkedIn John Mason: LinkedIn Bryan Gay: LinkedIn | Website Blue Cross Blue Shield Compare

Is the Deferred Resignation Program an opportunity or a risk for federal employees? In this episode, Tommy, John, and Michael break down what this program means, how it's impacting federal employees, and why having a solid financial plan in place is more important than ever. They'll discuss why you can't rely on every media headline, the importance of working with a knowledgeable team, and how to position yourself for financial stability—no matter how secure your job may seem.  Access the full show notes at Mason & Associates, LLC Resources Mentioned: Tommy Blackburn: LinkedIn John Mason: LinkedIn OPM FAQs

Did you know that the recent passage of the Social Security Fairness Act could significantly increase retirement income for many Americans? In this episode, John and Tommy break down the elimination of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), explaining how these changes impact public sector employees and their Social Security benefits. They discuss how financial advisors can help clients navigate these shifts, optimize their benefits, and prepare for potential tax implications. Access the full show notes at Mason & Associates, LLC Resources Mentioned: Tommy Blackburn: LinkedIn John Mason: LinkedIn Social Security Fairness Act MoneyGuide Pro RightCapital Dave Ramsey Episode 81: Social Security Shake-Up: What Proposed Changes Mean for Federal Employees Episode 73: Maximizing Social Security with Elaine Floyd Episode 41: Social Security In The News & We're Confused Episode 38: Social Security: The Tax Torpedo Episode 37: Social Security: Family and Survivor Benefits Episode 36: Social Security: Beyond the Basics Episode 35: Social Security: How to Maximize Your Benefits Episode 30: SECURE 2.0 Episode 12: Federal Employee Financial Planning Social Security Fairness Act: WEP Episode 11: Federal Employee Financial Planning Social Security Fairness Act: GPO

Are you ready to make informed decisions about your federal benefits and financial future? In this episode, Tommy, John and Ben explore the current market landscape and what the start of 2025 could mean for investors, especially those navigating the complexities of federal benefits. They discuss the importance of staying focused on long-term growth despite market volatility and share actionable tips on building a financial plan for the new year, balancing personal goals, tax considerations, and investment strategies. Access the full show notes at Mason & Associates, LLC Resources Mentioned: Tommy Blackburn: LinkedIn John Mason: LinkedIn Ben Raikes: Website Mason & Associates YouTube Channel Best Days to Retire as a Federal Employee   Don't Close TSP  Don't Max Your TSP Do NOT Decline Survivor Benefits

How will upcoming changes to the Thrift Savings Plan (TSP) impact your retirement strategy? In this episode, John, Tommy, and Ben explore the evolving landscape of TSP, focusing on new contribution limits and, coming in 2026, in-plan Roth conversions. They emphasize the importance of a collaborative approach to financial planning, avoiding groupthink, and tailoring strategies to each client's unique needs. Access the full show notes at Mason & Associates, LLC Resources Mentioned: Tommy Blackburn: LinkedIn John Mason: LinkedIn Ben Raikes: Website Dave Ramsey Thrift Savings Plan (TSP) Michael Kitces

What happens when Elon Musk and Vivek Ramaswamy take the reins of government efficiency? In this episode, John, Tommy, and Ben dive into the bold initiatives of Trump 2.0's Department of Government Efficiency (DOGE), led by Musk and Ramaswamy. With plans to slash $2 trillion in federal spending and eliminate entire agencies, this duo's vision could ripple through the federal and state systems, impacting employees, communities, and businesses alike. Access the full show notes at Mason & Associates, LLC Resources Mentioned: Know The Score Key Retirement Options and Benefits for Federal Employees

Are you concerned about the future of Social Security? ith proposed changes to taxation and potential expansion of who is eligible for benefits, it's more important than ever to understand how these changes could impact your retirement.  In this episode, John, Tommy, and Ben, explain the complexities of Social Security. Access the full show notes at Mason & Associates, LLC

Are you a federal employee curious about the best mortgage strategies in today's market? In this episode, John and Tommy are joined by James Anderson, Regional Market Manager at CapCenter, to explore how inflation, interest rates, and economic resilience impact federal employees looking to buy or refinance. Learn how income is defined for mortgage purposes, why interest rates might improve over time, how to navigate today's market without waiting for rates to drop, and how federal retirees can downsize smartly.  Access the full show notes at Mason & Associates, LLC

Are you still relying on traditional tax preparation methods or software? In this episode, John, Tommy, and special guest Rachel Meredith from Banks Mountain Financial dive into the crucial difference between tax planning and simple tax preparation. They explain why a proactive, year-round tax strategy is key to long-term financial success, as well as how their seamless collaboration helps clients navigate tax challenges with a forward-thinking approach. Access the full show notes at Mason & Associates, LLC  

Are you paying the right price for financial advice? Join Ben, Michael, John, and Tommy as they break down the complexities of financial advisor fees and the real value behind them. They'll reveal the “all-in” costs clients face and explain why fees aren't always comparable, shedding light on what makes a financial advisor worth their price. Through this episode, you'll learn to assess the true worth of specialized advisors and why experience, like that of a seasoned CFP or CPA, might demand a higher price tag. Access the full show notes at Mason & Associates, LLC

What happens when emotions mix with investments? In this episode, we dive into the intersection of politics, markets, and personal finance. John and Tommy share insights on how to design a portfolio that minimizes unknowns, regardless of political changes. You'll learn why staying the course is crucial—even when market predictions seem tempting—and how a solid, long-term strategy can help you avoid emotional pitfalls. Access the full show notes at Mason & Associates, LLC

Are you a federal employee planning for retirement but feeling overwhelmed by your options? In this episode, Michael, Ben, Tommy, and John break down the Federal Employee Retirement System (FERS), explaining key retirement benefits and strategies to maximize your pension. From the differences between immediate retirements to the role of sick leave and survivor benefits, this episode covers what you need to know. Access the full show notes at Mason & Associates, LLC

What happens to your estate planning documents when you move between states? In this episode, Megan Ingram and Julie Steinbacher from Steinbacher, Goodall & Yurchak share expert advice on the legal implications of relocating and how it affects your estate plan. You'll learn about the importance of keeping your documents updated, especially after major life changes or moves, and how laws like the Uniform Trust Act help estate documents travel across state lines. Access the full show notes at Mason & Associates, LLC

Are you confused about when to refinance your mortgage or how interest rates affect your decisions? In this episode, John, Tommy, and Ben dive into critical financial topics for federal retirees navigating today's housing market. You'll learn about the challenges of refinancing, when it's a good idea, and when you might want to hold off. They also explore discount points, what makes buying a home more difficult now than in the past, and how to prepare for future market changes. Access the full show notes at Mason & Associates, LLC

Are you truly prepared for the unexpected? In this episode, Michael, Tommy, and John dive into how to protect yourself financially, tackling the common objections and biases they encounter in their decades of experience. You'll hear key insights on insurance, including how to ensure you're covered before you need it, how FEGLI Option B compares to Basic, and why life and disability insurance are non-negotiable. Listen in to learn why it's crucial to plan both for living a long, fulfilling life and the unexpected realities that could happen tomorrow.  Access the full show notes at Mason & Associates, LLC

What's the best way to maximize your Social Security benefits? In this episode, Tommy and John dive into this critical topic with expert Elaine Floyd, CFP®, who shares insights from her extensive experience in retirement and life planning. Elaine explains the intricacies of Social Security, emphasizing that your benefit and retirement strategy should be tailored to your unique situation, rather than following a one-size-fits-all approach. Access the full show notes at Mason & Associates, LLC

Is it the right time to hire a financial planner? In this episode, Tommy, John, and Michael dive into the intricacies of financial planning and highlight the importance of expert guidance. They discuss the pitfalls of trying to manage your finances alone, the risks of bad advice, and why getting professional help early on can make all the difference.  Access the full show notes at Mason & Associates, LLC

Are you wealthier than you think? In this episode, John, Tommy, and Mike will explore how you can activate your millionaire powers and start making decisions based on what you can afford, rather than what you think you can't. They'll discuss the importance of having a proactive approach to financial planning, so you're prepared to make well-informed decisions before it's too late. Access the full show notes at Mason & Associates, LLC

What goes into a successful strategic planning meeting? In this episode, Tommy, John, Ben, and Michael dive into their strategic planning meeting season, sharing valuable insights and lessons learned. They discuss the importance of holding these meetings to ensure everyone is aligned in their financial plans for 2024. You'll learn why it's crucial to plan for your future early and avoid letting retirement sneak up on you, as well as the significance of having a consistent and smooth approach to retirement planning. Access the full show notes at Mason & Associates, LLC

Have you considered whether your financial plan can adapt to fit your life as things change? Join Tommy, Michael, John, and Ben in this episode as they unpack distribution planning assumptions and explain why a one-time financial plan falls short. They tackle the myth that running out of money equals failure, highlighting how other income sources like federal benefits and investments can play a crucial role in financial security.  Access the full show notes at Mason & Associates, LLC

Have you ever wondered about the ins and outs of the Federal Thrift Savings Plan (TSP) and its impact on your financial future? In today's episode, John, Michael, Tommy, and Ben break down the competitive advantages and disadvantages of the TSP. We'll explore the benefits of maintaining your TSP long after retirement, including one option that allows post-tax contributions to grow tax-free. Access the full show notes at Mason & Associates, LLC

How does the financial-planner-to-client ratio impact the quality of financial advice? In this episode, John, Michael, Tommy, and Ben will discuss how the ratio of clients per advisor shapes their approach to financial planning. They will share their journey from managing 150 - 200 clients per planner to capping it at 100, explaining why this change was necessary for delivering top-notch service. Access the full show notes at Mason & Associates, LLC

How do financial planners demonstrate value? In this episode, John, Tommy, and Ben explain the intricacies of the client relationships they maintain as financial planners. They unpack the distinction between onboarding and ongoing client service, emphasizing the importance of maintaining a continuous partnership with your financial advisor. Access the full show notes at Mason & Associates, LLC  

What are the perks of virtual versus in-person client meetings? In this episode, Tommy, Ben, and John weigh the advantages, exploring how virtual meetings offer unparalleled flexibility and opportunities. They will explain how virtual meetings not only save time, but also provide greater access to financial advice, as well as the less intimidating nature of virtual interactions, where discussing finances from the comfort of home can alleviate stress.  Access the full show notes at Mason & Associates, LLC

Wondering what goes on during strategic planning meeting season at Mason & Associates? Join Tommy, Ben, and John as they break down what to expect during this crucial time. From adjusting plans to accommodate changing goals to demanding excellence from your financial planner, this episode covers it all.  Access the full show notes at Mason & Associates, LLC

Is your financial planner as knowledgeable as they say they are? Do they have all the experience needed to guide you? In this episode, Michael, Tommy, Ben, and John dive deep into the common misconceptions surrounding financial planning. They challenge the notion that anyone can be a financial planner and stress the importance of transparency in the industry. Listen in as they shed light on topics like estate planning for everyone, why financial planning extends beyond insurance sales or investment management, and more. Access the full show notes at Mason & Associates, LLC

Have you ever wondered how your financial planner gets paid? In this episode, Michael, Tommy, John, and Ben tackle this question head-on, shedding light on the various compensation methods in the financial planning industry. They cut through the jargon to explain the surge in annual meetings and the strategic importance of mapping out financial goals at the beginning of the year. From explaining fee-only versus commission-based models to the significance of transparency in understanding your planner's payment structure, they will equip you with the knowledge you need to hire the right advisor. Access the full show notes at Mason & Associates, LLC

Did you know that the Tax Cuts and Jobs Act of 2017 has far-reaching implications up until 2025—with impending changes set to unfold in 2026? Today Michael, John, and Ben discuss the complexities of this legislation, from the sudden shifts in withholdings to the surprising revelations during tax season in April 2019. They also explain how seemingly minor adjustments can lead to significant financial outcomes. Listen in to hear about the current tax landscape, as well as its impact on individuals and businesses alike.  Access the full show notes at Mason & Associates, LLC

Are you taking advantage of all that is available to you as a federal employee? In this episode, Michael, Tommy, Ben, and John discuss the "Rich Men North of Richmond" parody of federal employees, dissecting its jokes. From the unique benefits like inflation-adjusted pensions and cost of living adjustments (COLA), they cover what sets federal employees apart.  Access the full show notes at Mason & Associates, LLC

How do baseball and financial planning intersect? In this episode, Michael, Tommy, John and Ben break down the game of financial planning. From end-of-year tax strategies to building your financial 'team,' they explain what can help you win big. Access the full show notes at Mason & Associates, LLC

What exactly does a Roth account allow you to do? John, Michael, Tommy, and Ben dive into the intricacies of Roth accounts in this episode and discuss everything from Roth TSPs and conversions to the nuanced distinctions between Roth and traditional IRAs.  Access the full show notes at Mason & Associates, LLC

In this year-end reflection, Michael, Tommy, Ben, and John dissect the financial landscape of 2023, sharing the surprises and lessons learned along the way. They explain the critical importance of discerning financial information sources, urging listeners to rely on professional advice over sensationalized media information.  Access the full show notes at Mason & Associates, LLC

Small steps, big leaps. In this episode, Michael, John and Ben explain the power of initiating modest changes in your financial plan, drawing parallels to the similarly slow approach required in physical fitness. Tune in to discover why waiting for the future to pursue your dreams can be a costly delay. Access the full show notes at Mason & Associates, LLC

Unlock the doors to unique planning opportunities for dual federal employees as Michael, John, Tommy, and Ben delve into pre- and post-retirement strategies in this episode. They explain the untapped potential for fun and financial prosperity when dual federal employees understand the lucrative nature of their benefits and work with a financial planner who specializes in their unique situation. Access the full show notes at Mason & Associates, LLC

You just got a call from the doctor—and it wasn't the news you were hoping for. You're scared, but you're determined to beat this sickness. Although it is important to keep a positive mindset and fight your way back to health, it is also essential to have a plan in place in the unfortunate event that you aren't able to overcome it. So what do you do next? In this episode, Michael, John, Tommy, and Ben will be discussing what you need to have in place to ensure your family is taken care of if you pass away. Access the full show notes at Mason & Associates, LLC

In the world of financial planning, the worst time to seek a financial planner is after the death of a spouse. So, in this episode, Michael, John, and Tommy share the importance of having a thoughtful plan in place before the loss occurs. They'll break down why it's crucial to work with planners well-versed in your specific situation, how to secure digital assets, and more. Access the full show notes at Mason & Associates, LLC

Going beyond the dollars and cents, retirement is a lifestyle shift, and it is essential to plan for it as such. In this episode, you'll discover the practicalities of planning for retirement as Michael, Tommy, and John discuss sick and annual leave, the value of proactive planning over reactive approaches, and how strategically using leave can impact not just your retirement, but also your current life.  Access the full show notes at Mason & Associates, LLC

Getting through a divorce is challenging, but it becomes even more complex when federal or military benefits are involved. In this episode, join Tommy, Mike, Ben, and John as they delve into the crucial topic of divorce and its implications for federal employees. Discover the significance of due diligence when seeking counsel, negotiation tips for a fair outcome, and more. Access the full show notes at Mason & Associates, LLC

Have you ever wondered about the fiduciary responsibility in financial planning, especially as a federal employee seeking financial guidance? Join Tommy, Mike, Ben, and John in this episode as they delve into the essential concepts of fiduciary service and what it takes to find the perfect financial planner for your unique situation. They'll discuss the significance of expecting, demanding, and requiring fiduciary service and guide you through what it means to be a fiduciary (the answer may surprise you!). Access the full show notes at Mason & Associates, LLC

In the financial planning world, the practice of reviewing documents is often overlooked, leaving clients' financial futures hanging in the balance. Join John, Michael, Tommy, and Ben today as they discuss why document reviews are key, as well as why they meticulously examine tax statements, Social Security statements, insurance statements, and estate documents—unlike some who merely request these papers for show.  Access the full show notes at Mason & Associates, LLC

Today Mike and John are once again joined by Bryan Gay, Owner of Boomer Insurance, to explore the intricacies of TRICARE For Life Medicare Advantage. For many retirees, especially those with a military background, navigating the complexities of Medicare options can be daunting. Bryan sheds light on the two primary choices available to those with TRICARE for Life, and breaks down what to know about each. In this eye-opening episode, we dive deep into the ever-evolving landscape of healthcare options, with a particular focus on TRICARE for Life (TFL) and the intriguing possibilities presented by Medicare Advantage. Access the full show notes at Mason & Associates, LLC

Today John and Tommy are joined by Bryan Gay, Owner of Boomer Insurance, to delve into Medicare, specifically focusing on FEHB, Medicare Part D, Advantage Plans, and forthcoming 2024 changes. They'll help uncover the mysteries surrounding Part D for non-federal individuals and offer insights into the challenges they face, as well as what to anticipate in the upcoming year.  Access the full show notes at Mason & Associates, LLC

Today John, Ben, and special guest Bryan Gay from Boomer Insurance discuss Medicare and Medicare Advantage, shedding light on a topic often overshadowed by federal employee health benefits. They start by breaking down Medicare, comparing it to just another insurance company, and exploring the distinctions between Medicare Part A and Part B. You'll gain valuable insights into the affordability and comprehensive coverage provided by Medicare, as well as discover the out-of-pocket limits associated with this healthcare option. Access the full show notes at Mason & Associates, LLC

Much like keeping track of a game's score on a scoreboard, it is essential to know the score of your financial plan. Understanding this score is paramount in your financial planning journey, as it can mean the difference between running toward your goals or making costly errors. In this episode, John, Mike, Ben, and Tommy will emphasize the importance of understanding the score of your financial plan so you can plan effectively, efficiently, and accurately for your retirement. Access the full show notes at Mason & Associates, LLC

Are you thinking about retiring early? Join Tommy, John, Mike, and Ben in this episode as they explore the world of early retirement planning. They define early retirement in different sectors, spotlighting health insurance, taxes, and time management as key concerns. Beyond finances, they emphasize the need to discover a passion or something that will fill your time up when you retire so that you can continue feeling fulfilled. Access the full show notes at Mason & Associates, LLC

Ever thought about whether striving for perfection is worth the trade-off in terms of enjoyment and attainability? In this episode, Michael, John, Ben, and Tommy discuss the downsides of fixating on flawless blueprint plans. Through personal stories and financial insights, they find the balance between aiming for perfection and recognizing that progress often trumps unattainable ideals. They share practical examples, dissect areas that require compromise, and advocate for proactive measures to avoid getting stuck in overthinking. Access the full show notes at Mason & Associates, LLC

Time continues to move quickly and it is already more than halfway through 2023. What better time than now to take action and get your finances in order? Don't wait for the perfect moment or a later date; start today, even if it means beginning with small steps. In this episode, Michael, Tommy, John, and Ben gather to provide an update on the events of 2023. Access the full show notes at Mason & Associates, LLC

In this episode, Michael, Ben, John, and Tommy discuss Social Security, an issue currently making waves in the news. Their confusion comes from conflicting signals: there are constant warnings of potential benefit cuts, but there is also talk of proposed changes that will make this issue worse. As they explain the situation, you will be reminded why it is essential to have expert guidance in navigating this complex landscape. Access the full show notes at Mason & Associates, LLC