Plan Your Federal Retirement Podcast

Hello, my name is Gerald. I have a question. I'm a few years out from retiremen, how can I be sure I'm financially ready to stop working when the time comes? What to consider? Thank you. - Gerald  https://zurl.co/r3vPO

When planning your retirement from the federal government, small mistakes can lead to BIG problems, like delays, reduced pensions, or even being told you don't have enough service time to retire!

The federal retirement process is evolving—paper applications are being replaced by the new Online Retirement Application (ORA)! In this episode, Micah and Tammy bring their decades of expertise to help you confidently understand the new Online Retirement Application (ORA), address fears surrounding recent legislative proposals, and provide crucial insights into navigating retirement benefits. Discover the transition from paper to online retirement applications, understand why emotional decisions can be costly, and get expert advice on making the most of your federal benefits. https://zurl.co/K7RZI

Are you really ready for retirement? In this episode, John explores what it takes - financially and mentally - to step into retirement with confidence. From understanding your income and taxes, to preparing for lifestyle changes, to navigating the emotional shift, this is more than just a checklist. It's about creating a life you're excited to live every day!

Are today's market swings making you nervous about your retirement? You're not alone but the good news is, there are steps you can take to feel confident and in control. Tune in and learn how to build a resilient plan with cash reserves & smart spending, avoid common tax mistakes (like getting blindsided by RMDs), find out how to protect your TSP & investments from market risk, and discover why creating a “boring” plan frees you to enjoy the exciting parts of life. Whether you're approaching retirement or just getting started, this episode is full of actionable tips to help you focus on what you can control - and stop worrying about what you can't. https://zurl.co/z3PQ1

I have 2 years state retirement contributions, 10 years military (7 years federal 3 years guard). Can I combine state and federal retirement contributions? Do I have to be a current federal employee to participate in the buyback program? Can reserve military service retirement points be used? - Tee    https://zurl.co/Q6XcK

Are you adjusting your TSP contributions correctly for maximum growth this year? In this episode of All About FERS, John answers a common (and essential!) question: "With the new TSP contribution limits for 2025, how much should I contribute each pay period to stay on track, maximize my match, and prepare for retirement?" Let's break it all down so you can make smarter decisions with your TSP and avoid costly mistakes, such as front-loading your contributions.

In this episode of the Plan Your Federal Retirement podcast, Micah Shilanski and Christian Sakamoto dive deep into the relationship between the economy and your retirement portfolio. Markets are unpredictable. Your retirement doesn't have to be. Learn how the economy & your retirement portfolio work together, and how to protect yourself from downturns. If you're a federal employee planning for retirement, or even if you're already retired - this episode will help you understand how to align your retirement plan and how to plan smartly so you can retire with confidence. https://zurl.co/SeVVv

Question about TSP matching Contributions. If I retire at the end of a month, which happens to be the middle of a pay period, do I still get matching TSP contributions? - Ken   https://zurl.co/19okf

What can you really control in your federal retirement? In this episode, Micah and Jamie explore the common challenges federal employees face with retirement planning, TSP, and benefits management. Learn how mismanaging your retirement benefits can lead to financial setbacks and discover the key steps to take control of your future. https://zurl.co/T8p7F

Can I suspend FEHB in retirement then start it again later if my new (private sector) employer offers health coverage benefits that I'd like to take advantage of? - Michael https://zurl.co/OVYii

I have 15 years of federal service and am 55 years old. I have only been in the FEHB for my most recent 3 years of federal employment. I want to leave federal service soon. If I want to retire with FEHB, could I do that by reentering federal service later on for a further 2 years? In other words, can I lock in federal health benefits by becoming a postal worker at age 63-65, for example? - Kim 

In this throwback episode Micah and Tammy will discuss what coverage do you have, and what coverage do you actually need? Everything you need to know about Medicare and Federal Employees Health Benefits, providing you with the answers you need to make informed decisions about your health coverage. Understand the importance of healthcare planning and find out the critical changes in healthcare plans, shedding light on the latest updates that directly impact you. Discover the inclusion of infertility benefits across all plans, enhanced maternal health coverage, and a focus on mental health and obesity. Explore the nuances of Medicare Parts A, B, C, and D, and determine whether you need both Medicare and FEHB.  Knowledge is power, and we're here to empower you on your healthcare journey.

The more confident you are that you won't be scammed, the more vulnerable you are. Scammed, Phished, Hacked, or Conned… isn't just for the vulnerable population anymore. It's happening with higher intensity levels than we have ever seen before. While there is never a “foolproof” method of avoiding being victimized, there are a few steps that you can take to safeguard yourself and your loved ones.  https://zurl.co/Ygobg

Is it possible to request a waiver to access the FERS Supplement two years early? My wife has 32/33 years but only turns 55 in August. Thanks. - Fred https://zurl.co/PcyUl

Is “buy and hold” really the best strategy for retirement investing? In this podcast episode, Micah and Christian explore why this popular approach might not hold up especially in retirement. They explain how inflation, market downturns, and income needs require a more flexible investment strategy. You'll learn to build a written plan, prepare for volatility, and make better decisions with your TSP and other investments. Tune in to gain practical insights to help you invest confidently throughout retirement. https://zurl.co/NczRn

Thank you for your wonderful and helpful videos on postponed retirement. The one question I have remaining is - I understand that if I retire at MRA and 10 that I cannot take my annuity without penalty until I am 62. Is there an option to continue with health benefits at time of resignation and not collect annuity until age 62 or do you have to start both at the same time? - Nancy  https://zurl.co/yidsG

Think you know how your FERS pension, Social Security, or military retirement will be taxed? Think again. In this episode, Micah and Floyd break down the tax pitfalls federal employees often overlook—like unexpected withholding issues, taxable income from multiple sources, and the impact of rental property depreciation. They share real examples and strategies to help you plan ahead and avoid costly surprises. Tune in now and take charge of your retirement planning! https://zurl.co/Yve3K

First, I have listened to your podcast for year,s and it has been a wealth of information. Thank you. Now for my question...I am a 54 year old federal law enforcement officer. I plan to retire in June after 33 years of service. My plan was always to transfer my TSP to an IRA so I had more control. I plan to take withdrawals from the TSP/IRA immediately upon retirement. However, I recently read that if I do the transfer, the IRA rules would then apply, and I could not withdraw until age 59 1/2. Is that true? - Sam   https://zurl.co/DCfuA

What does retirement really look like beyond the financials? In this podcast episode, Micah and Floyd discuss what life is like after retirement, focusing on more than just finances. They cover essential topics such as planning your daily routine, staying active, considering relocation, and having conversations with your spouse. The episode offers key steps to help you create a meaningful and fulfilling retirement. Don't miss this chance to gain the knowledge and confidence to embrace your next chapter with purpose and enthusiasm! https://zurl.co/UuUFl

I'm 65 now,  still working usps, when I retire in 1 to 2 years, I'm interested in keeping monthly health insurance down.  Is it more cost effective to keep fehb only, or get Medicare part b. I know best would be both, but I want to keep monthly cost low - Damian    https://zurl.co/veOww

Tax season can be overwhelming, but federal employees can stay ahead with the right strategies.  In this podcast episode, Micah and Christian break down essential tax planning techniques, including the importance of estimated tax payments, understanding tax brackets, and how to avoid common pitfalls. Discover how proactive tax planning can save you money and reduce stress when it's time to file.  Don't wait until the deadline—start planning today for a smoother tax season! https://zurl.co/bbkyR

Yes, good morning. Jeff here, wondering about having a postponed retirement. When the paperwork needs to be filled out, if I want to start that postponed retirement 2 years from now and I am actively working for the government now, when I walk out the door, if I do not have all that paperwork already in place, how difficult will it be for me to get those things completed after leaving service? Thank you. - Jeff https://zurl.co/UeE7J

It's crucial to evaluate your TSP decisions as you approach retirement. Understanding the various benefits associated with your TSP can significantly impact your financial future.  In this podcast episode, Micah and Tammy delve into important topics regarding TSP withdrawals, available distribution options, and the associated tax implications. They provide insights on how elements such as timing, cash flow planning, and recent regulatory changes can influence your overall retirement strategy.  This conversation offers valuable information to help you prepare for retirement effectively—don't miss out, listen now! https://zurl.co/5kxHM

Good morning, my name is Alberto. I am a Mail Handler for the Postal Service with 40 years of service. Currently, I can carry over 520 hours of annual leave into 2024. I am planning to retire in December 2025. If I don't use any annual leave in 2025, I will accumulate an additional 208 hours. My big question is: will the Postal Service cut me a check for 520 hours or 728 hours? I'm hearing conflicting answers to this question. - Alberto 

Understanding your TSP withdrawal options is essential for a successful retirement.  In this podcast episode, Micah and Christian break down the three financial phases: accumulation, preservation, and distribution, highlighting the critical decisions federal employees need to make when withdrawing from the TSP. Learn about the different withdrawal options, including lump sums, partial withdrawals, TSP annuities, and transfers to IRAs. Discover how tax planning, required minimum distributions (RMDs), and timing impact your financial future. They also share real-life examples of costly mistakes and how to avoid them. Tune in to ensure you make informed decisions about your TSP and set yourself up for long-term retirement success. https://zurl.co/cEHsZ

How prepared are you if you no longer work for the Federal Government? Maybe you accepted the Trump Administration's “deferred resignation” package; maybe your agency did a Voluntary Early Retirement (authorized as a VERA); maybe there was a reduction in force of mass layoffs? Maybe you are one of the many federal employees that we have been chatting with who said, you know what, “It's been real. Sometimes it has been fun. It's no longer real fun.” and you just want to leave federal service.  Are you ready to leave federal service? If so, you may want your FERS Go Bag Packed and ready.   When planning for your federal retirement, one of the most important steps is to pack your "FERS Go Bag" - a metaphorical bag of financial and practical preparations to ensure a smooth transition when you leave federal services or, as smooth as things are going to be right now. As financial advisors who have helped thousands of federal employees learn about their benefits (no matter where they are at in their careers), here is our list of the Top 5 Items you need to have verified and have before you leave Federal Service. https://zurl.co/S2LdK

Estate planning involves more than just creating a will; it's about ensuring financial security, protecting your loved ones, and avoiding common mistakes that may lead to unintended consequences. In this podcast episode, Micah and Christian discuss essential estate planning topics, including the necessary documents, the dangers of outdated plans, and why having a power of attorney is not sufficient. You'll learn about the top three estate planning mistakes made by federal employees, how to properly distribute and update your documents, and why neglecting to review your plan could cost your family thousands in taxes. Don't leave your financial future to chance—tune in now to learn how to take control of your estate plan. https://zurl.co/GLBhN

Hello, at age 57 years and two months, I separated from federal service for a civilian job after serving 5.3 years and buying back 17.2 years of military time. I currently have a good civilian job and plan to continue working until at least age 62. (I will turn 59 in March 2025.) My question is: should I apply for a postponed retirement at age 60 so I qualify for FEHB, or should I wait until age 62 to receive a higher percentage of my high-3? Another consideration is that I will be eligible for TRICARE at age 60. Thank you! - Donald  https://zurl.co/rrWQn

Planning for the future involves understanding what happens to your benefits after you are no longer here.  In this podcast episode, Micah and Christian explore the details of survivor benefits—who receives what, how to plan ahead, and why your choices are significant. You'll learn how your pension, Social Security, TSP, and FEHB affect your loved ones. The episode also covers important topics like insurable interest, beneficiary designations, and estate planning. Don't leave these crucial decisions to chance—tune in now to get the facts! https://zurl.co/jS2WG