Podcasts about federal employee retirement system

Are you ready to turn your retirement savings into a reliable income stream? Navigating the complexities of your Federal Employee Retirement System benefits, Social Security, and Thrift Savings Plan is essential for a smooth transition into retirement. Learn how to manage your TSP investments, explore effective withdrawal strategies, and determine the best timing for your retirement. Join Micah and Christian as they cover crucial topics including Health Insurance, Medicare (with a focus on Medicare Part B), and the impact of Cost-of-Living Adjustments on your retirement funds. They also provide guidance on estate planning, long-term care, and essential legal documents to ensure your family is well cared for. Get the expert guidance you need for a successful retirement. Tune in today and take the first step toward a financially secure future. https://zurl.co/ta9c

Are you concerned about your financial future, especially in the face of stock market volatility? In this enlightening video, Charles shares invaluable insights on why sticking to your investment plan is crucial for long-term retirement success. He debunks common myths about retirement savings and offers practical advice for overcoming financial setbacks. Whether you're wondering if your current plan is sufficient or just seeking reassurance during market lows, this video is a must-watch for anyone aiming to build a solid financial foundation. Join Charles as he guides you through the journey of financial resilience and success.

This week's episode we will be discussing: -Why Pursue Leave Without Pay?-How to Accomplish This?-Helping Someone In Need?Click the subscribe button to stay up to date! We love hearing from you! Please email us with questions or ideas you'd like to have answered each week! Need a question answered or want to prepare for retirement now? Click here and schedule yourself for a 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtube. Cheers, Charles Dzama

This week's episode we will be discussing: -Do I Really Make 5%?-Could Liquidity Be a Factor?-What Other Tools Could I Use To Compound Interest?Click the subscribe button to stay up to date! We love hearing from you! Please email us with questions or ideas you'd like to have answered each week! Need a question answered or want to prepare for retirement now? Click here and schedule yourself for a 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtube. Cheers, Charles Dzama

This week's episode we will be discussing: -How can a calm heart benefit me?-Can anger effect my life expectancy?-Can I live with more joy?Click the subscribe button to stay up to date! We love hearing from you! Please email us with questions or ideas you'd like to have answered each week! Need a question answered or want to prepare for retirement now? Click here and schedule yourself for a 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtube. Cheers, Charles Dzama

DEALING WITH TRAUMAIs Trauma Impacting My Health?Can I Dump My Mental Trash?How To Move Forward?Click the subscribe button to stay up to date! We love hearing from you! Please email us with questions or ideas you'd like to have answered each week! Need a question answered or want to prepare for retirement now? Click here and schedule yourself for a 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtube. Cheers, Charles Dzama

This week's episode we will be discussing:- How does aging change our activities?- What is left-right patterning and how can it help me?- How can resting help me stay active? ​​​​Click the subscribe button to stay up to date!We love hearing from you! Please email us with questions or ideas you'd like to have answered each week!Need a question answered or want to prepare for retirement now? Click on the icon below and schedule yourself for a 15 minute phone call.Cheers,Charles Dzama

This week's episode we will be discussing:- How important is hydration?- What common food pitfalls should we avoid?- Does organic really make a difference? Click the subscribe button to stay up to date!We love hearing from you! Please email us with questions or ideas you'd like to have answered each week!Need a question answered or want to prepare for retirement now? Click on the icon below and schedule yourself for a 15 minute phone call.Cheers,Charles Dzama

This week's episode we will be discussing:- Pain In Retirement – Heck No! - No Pain - Lose it How? - A Little Elixir Works WondersClick the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- You Can't Work Out Anymore (you're too old)- That's a Lie!- Stretch It Out – When?Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

-  $ Money & Mindset – both are key -  Do You Have Enough of Both? -  Touching People's Lives -  Part Time Job for The People (the money doesn't hurt either)Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- What Happens When We Create More Money?- Why Does The Cost of Living Get So High?- Is This Permanent?Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:-  Why Do I Need It?-  How Will It Help?-  Isn't It Expensive?Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- How Can I Get Rid of Taxes?- What Do I Get to Keep In Retirement?- Making a Plan to Get Rid of Uncle Sam & the State!Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:-   Stable Retirement Income - How?_-   Losses Are a Retirees Enemy!-   Laying the Income Foundation NOWClick the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:-   Financial Ruin or Financial Success?-   Increasing Annually – Why?-   Establishing How Much You'll Need In Retirement – WHERE DO YOU START?Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:-   Pensions – Are They Enough?-   Gross VS Net – Don't be Fooled!-   Don't Leave Money on the Table!Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCCD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:-   Don't Miss Out!-   Are There Benefits You Aren't Getting?-   What Combination Will Save You The Most?Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:  -   Any Home Needs a Foundation Built on Concrete & Rock!  -   Does Your Pay Check Fluctuate w/ Your TSP/401K???   -   Reliable Source of Income Essential from Retirement Savings!Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:-   Have You Stress Tested Your Money?-   Will Your Money Last as Long as You Do?-   Inflation – Will It Ruin Your Plan?Click the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- New Website Erased Many Beneficiaries!- Your Spouse May Not Be Listed At All!- Have You Checked Your Beneficiaries on tsp.gov?Click the subscribe button to stay up to date!Click here for a no charge 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- What Are You Retiring To?- Retire With a Purpose – Live Longer- A Sense of BelongingClick the subscribe button to stay up to date!Click here for a complimentary 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week we will be discussing:- Banks Failing Why?- Do I Need to Worry?- Will I Lose Money or Is This an Opportunity?Click the subscribe button to stay up to date!Click here for a no charge 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- How Meager Are G-Fund's Returns?- Is the G Fund Really Pacing Inflation?- Should You Beware of Bond Funds?Click the subscribe button to stay up to date!Click here for a no charge 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Email us with questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- Should You Leave Your Money Growing TAXABLE In TSP?- What Is a Required Minimum Distribution?- What Do YOU Want Your TSP To Do For YOU?Click the subscribe button to stay up to date!Click here for a no charge 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us at info@cdfinancial.org questions or ideas you'd like to have answered each week!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- Is There A Roth Option For Your TSP Balance?- What Is A Private Roth Conversion?- Can I Convert My TSP All At Once?Click here for a no charge 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeClick the subscribe button to stay up to date!We love hearing from you! Please email us with questions or ideas you'd like to have answered each week! Info@cdfinancial.orgFind us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- Can You Withdraw From Just One Fund?- How Many Times Can You Withdraw Before You Have To Take Your Balance?- Does It Matter What You Want To Do With Your TSP?Click the subscribe button to stay up to date!Click here for a no charge 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeWe love hearing from you! Please email us with questions or ideas you'd like to have answered each week! Info@cdfinancial.orgFind us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This Week We Will Be Discussing:- What Healthcare Expenses Are Covered?- How Do I Calculate My Personal Need For an FSA?- How Can This Save Me Tax Money?Click the subscribe button to stay up to date!Click here for a no charge 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeFind us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:-Will This Reduce My Pension?- What If My Spouse Is Using My Federal Health Insurance?- Do I Have To Make This Decision Now?Click the subscribe button to stay up to date!Click here for a no charge 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeFind us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- Don't Miss Out on the Bonus, Find Out How!- Why Should I Keep My Basic Group Life Insurance (FEGLI)?- How Much Will Survivor Benefit Take Out of My Pension?Click the subscribe button to stay up to date!Click here for a no charge 15 minute phone call: https://calendly.com/charlesdzama/complimentary-15-minute-phone-call-youtubeFind us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- Don't Miss Out on the Bonus, Find Out How!- Why Should I Keep My Basic Group Life Insurance (FEGLI)?- How Much Will Survivor Benefit Take Out of My Pension?Click the subscribe button to stay up to date!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- Will Taxes Take it All?- When Will the Money Arrive?- Does This Come in One Lump Sum?Click the subscribe button to stay up to date!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- Can I Boost My High 3?- Accurately Calculating High 3?- Should I Take a TDY (temporary duty)?Click the subscribe button to stay up to date!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

In this week's episode, we will be discussing:- How conservative should I be?- Which fund should I focus on when the stock market plummets?- What percentage should be going into my TSP?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- What if I'm under 62?- Is it possible to calculate what my pension will be right now?- How much will my high 3 affect my pension check?Click the subscribe button to stay up to date!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- How can I retire penalty-free?- How soon can I retire?- Does time in the military affect when I can retire?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- Which fund will grow my money the most - G, S, C?- What is the risk to reward ratio?- Will max funding help or hurt my TSP?Click the subscribe button to stay up to date!Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

- Will I lose my unused sick leave?- Sick leave vs. annual leave - which is better?- Is it possible to get 100% credit for my sick leave at retirement?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- Don't Miss Out on Optimizing Your Pension Checks!- Will Your Retirement Date Affect Your Tax Bracket?- Which Is Worth More, Your Pension Check or Annual Leave?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- What Happens at Age 72?- Can You Keep Control Over Your Tax-Free Assets?- What Could It Mean for You and Your Loved Ones?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

In this week's episode we will be discussing:- G-Fund, Promises & Pitfalls- FIA, What Does This Mean?- Is It Possible to Create the Income You're Looking For?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

In this week's episode we will be discussing:- Income Is Like A House - What Do We Mean By That?- What Are The Pros & Cons to the G-Fund?- Why Is a Written Retirement Income Plan Essential?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:-  Bad Debt - What Do We Mean By That?- Who Would You Rather Pay Interest To?- Why 5%?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:- How Much Income Are You Going to Need in Retirement? - What is a Reasonable Rate of Withdrawal? - What Should I Do No Matter What the Balance Is In My TSP? Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we talk all about the FERS Special Retirement Supplement. Here is a preview of what we will be discussing:- What Many Feds Do Not Realize About SRS- The "Supplemental Bridge" Payment... Am I Eligible?- What Do The Calculations Look Like?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week we will discuss common questions many Federal Employees have regarding their Health Insurance in Retirement:- Don't Make Any Mistakes, It Could Be For Life!- Is It True That I HAVE to Get Medicare Part B at Age 65?- What If I Have TRICARE, Can I Keep It In Retirement?- How Often Do I Pay For My FEHB in Retirement?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

In this episode we focus on when you may receive your FERS Pension Check and some helpful tips so you can pay your bills. Below is a preview of what we'll be covering:- What Is the Average Time Frame You Can Possibly Expect?- Be Prepared! HOW?- Knowing is Half the Battle, What Do We Mean By That?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

How much can you put in your TSP? Are you taking full advantage of your savings potential?To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week we explore the following questions many federal employees have about taxes & their TSP:- Will Taxes Go Up or Down in the Future?- Can You Transfer Your Money Inside TSP to a Roth TSP?- Taxes - How Much Will They Really Take!?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

What are the advantages of a TSP Roth?  How do you utilize these?  Charles explains in this episodeTo schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week we will discuss Social Security and examine what you might lose:- Money Lost, Why!?- What Does My Social Security Maximization Plan Look Like?- Why Does Your Full Retirement Age Matter?- 50 Cents on Every Dollar, What Do We Mean By That?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

Charles Dzama tells you what you need to know about Federal Long Term Care... the pros and cons.To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

If risk equals growth, can you maximize growth and still play it safe with your income? Charles explains in this episode.To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode addresses the do's and don'ts of what to do during a market downturn:- Running to the G-Fund, Is That My Best Option?- Moderation Is Key, Why?- Written Retirement Income Plan, How Does This Help Me?To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

Many federal employees ask this question while working. This week's episode we will answer the following questions, such as...- Should You Withdraw Money from Your TSP while working?- Why Would I Want to Withdraw from My TSP?- Would It Really Be the Best Way to Eliminate Debt?Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week we explore the following questions that often times get asked of me during our federal retirement training:- "Charles, Should I Buy Back My Military Time??"- How Does It Impact My Federal Pension?- Is There a Deadline?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

What percentage of your FERS benefits is taxed? What percentage is tax free? Charles Dzama explains in this episode.To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week's episode we will be discussing:-  Three Legged Retirement, What Do You Need To Know?- How Can I Generate More Income?- Is Your Social Security Taxed?To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

Charles Dzama drops some great tips on what to AVOID when dealing with your Federal Life Insurance. Don't let this mistake capture you!To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

What are the advantages of a TSP Roth?  How do you utilize these? Charles explains in this episode.To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

Our top tips for maximizing your TSP in the year that you retire!To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.Visit our website: https://www.cdfinancial.org

In this week's episode we will be discussing:-  Is Doubling Your TSP Unattainable?- Max Fund, Max Fund, & Max Fund - Why?- Utilizing The Roth TSP, How Does This Help The Closer You Get To Retirement?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

Can your TSP provide monthly income when the stock market falls and inflation rates go up? Charles Dzama explains in this episode.To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week we discuss a common question that many have after retirement, along with important questions to examine prior to making a decision.​​- What are your goals with TSP?​​- What do you want that money to do for you?​​- Should I formulate a plan?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

When Congress created the Federal Employee Retirement System in the ‘80s, one of the most notable changes was that future retirees would get smaller cost of living adjustments than participants in the old Civil Service Retirement System. CSRS and Social Security beneficiaries get COLAs that match inflation; FERS retirees get a smaller adjustment. That hasn't been a big deal over the past decade of low inflation, but obviously circumstances have changed. The National Active and Retired Federal Employees Association (NARFE) is urging Congress to pass the Equal COLA Act, which would get rid of the disparity between CSRS and FERS COLAs. To talk more about it, the Federal Drive was joined by John Hatton, Vice President for Policy and Programs at NARFE.

What are your options inside the TSP? Find out in this episode!To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

Can you withdraw money from your TSP when the market is having a downturn? Should you? Find out in this episode!To schedule a phone consultation with our office, click the link below:https://calendly.com/charlesdzama/sm_15mintc Check us out on social media!Facebook: https://www.facebook.com/CDFinancialLLCInstagram: https://www.instagram.com/cdfinancial.llc/Twitter: https://twitter.com/CDFinancial_LLCLinkedIn: https://www.linkedin.com/company/cd-financial-llc/CD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

This week we will discuss tips for your TSP in 2022, which include:- 2022 Max Funding Increase: What You Need to Know- Fund Allocations & Future Contributions, You Might Be Missing Out- Rebalancing, What Do We Mean By That?Find us on Facebook!https://www.facebook.com/CDFinancialLLCOur Site:https://cdfinancial.org/Schedule your complimentary 15 minute phone call today! https://calendly.com/charlesdzama/sm_15mintcCD Financial is a registered investment adviser. Lic #0G46793Investing involves risk, including the potential loss of principal. Any references to protection benefits generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Our firm is not affiliated with the U.S. government or any governmental agency.

With a 4.9% cost of living adjustment (COLA) set for Federal Employees Retirement System (FERS) retirees, and a 2.7% pay raise on track for January, many working feds and retirees have got to be breathing a sigh of relief. This is a real take-it-to-the-bank silver lining during a time of worldwide pandemic when so much has changed. It will make trips to the store and gas station less painful. The problem, as always, for working folks and retirees is what's next? There are also lots of things to consider, including picking the best health plan for you and yours to get you through 2022. So I called in the cavalry in the form of Tammy Flanagan. She's a well-known, popular federal benefits expert. And she is our a guest on our Your Turn. Tammy was a fed for many years and now does consulting with feds and retirees.

Hello and welcome to the 55th Episode of the Money Pilot Financial Advisor Podcast. For those of you who have stuck with the podcast to middle age, Thank You! I love speaking with you each week and bringing you info on money and finance that you can use to live your best life. In celebration of Episode 55, today we're talking about you turning 55 and your Thrift Savings Plan (TSP). TSP is very similar to a workplace 401k. But there are a few differences and today's discussion is about one, TSP and being age 55.You have probably heard that you can't withdraw money from your TSP before age 59 ½ without paying a 10% tax penalty. But if you separate from service in the year you turn 55 years old or later, you can withdraw any or all of your TSP without paying the 10 % penalty. You will still have to pay tax on Traditional TSP withdrawals, but you won't face a penalty. Now, if you are a federal employee under the special retirement provision for law enforcement, firefighting, and air traffic control personnel who reach retirement eligibility earlier than other federal employees, you can make penalty-free withdrawals from TSP when you separate from service at age 50 or later.This penalty-free withdrawal is only available if you separate from service when you are age 55 or older. This applies to both military and civilians. In practice, few military will be able to serve until age 55, even if you wanted to. But if you do, you can take advantage of this penalty-free withdrawal just like the civilians. If you separate or retire before that, you won't be able to take advantage of this when you turn 55. You must separate at 55 or later. Or if you are under the civilian special retirement provision age 50 or later.Just because you can tap your TSP early without penalty, it doesn't necessarily mean it is a good idea. You could be living in retirement for 40 more years. TSP makes up a key component of Federal Employee Retirement System (FERS) and military Blended Retirement System (BRS) retirements. Leaving TSP to grow can help offset higher costs of living later in life because of inflation and higher need, like more healthcare as you age. But if you need it, maybe for a gap in income or a one- time expense, you can takea TSP distribution without a penalty if you separate at 55 or later. For example, minimum retirement age for most FERS employees is between 55 and 57 years old. But you can only begin receiving retirement benefits at that MRA if you have 30 years of service. If you have at least 20 years of service you can receive your full retirement pay starting at age 60. This is a good example of a situation where you might need or want to tap TSP early. If your federal MRA is age 56 and you call it quits at age 58 with 26 years of service. You'll eligible for your full retirement at age 60. But still that's 2 years away. You may have saved enough to tide you over to 60, or take up another job outside of government service. But if you still have a gap and need a source of income for those 2 years before your pension starts, this rule could be a solution. To wrap up, anyone can begin withdrawals from your TSP any time after you reach age 59 ½ without penalty. But if you separate from service when you are age 55 or older, you can begin distributions from TSP without paying the 10% penalty anytime. Just remember you will still owe income tax on distributions from Traditional TSP. But if you meet the 55-year-old rule, you won't have to pay the additional 10% early withdrawal penalty. And lastly if you  under special retirement provisions, the rule is 50 or older for you.I hope you've enjoyed today's podcast and keep your questions coming. I specialize in helping military and federal employees navigate transitions and gaps. If you'd like help with your financial decision making, reach out, I'm here for you. 

Show Notes – Episode 6 TSP L Fund ChangesThis July, the Thrift Savings Plan (TSP) has made some changes to its L Lifecycle Funds. These funds get their name from year you plan to retire and begin withdrawing your money, called the target date. You choose one appropriate target date fund. Then that fund invests your money based on how much longer you have to retirement. They manage a shift in risk by following a set plan, called the glide path. They invest in higher risk investments while your young and gradually shift your portfolio to less risky investments as you get close to retirement. Target date funds are typically available in retirement savings accounts like TSP or a 401(k) where you can invest by payroll deduction. You can also open an IRA and invest in a target date fund. Target date funds continuously re-balance the fund as needed when the value of stocks values change and throw the fund out of balance, off the glide path. The fund managers are constantly “buying low and selling high" to keep the balance and stay on the path.In choosing a target date consider when you will start withdrawing your retirement savings. You normally can't draw from these retirement plans until you're at least 59 1/2 years old, or you pay a 10% early withdrawal tax penalty. For military, its very unlikely you will be that old when you leave the service, even if you retire. So pick a date where you’re at least age 60. There is an exception for FERS employees. Your TSP will be exempt from the penalty if you separate from federal service in the year you turn 55 or later. For Special Category Employees (SCE), it's 50 or later. For everyone, the penalty will apply for most withdrawals from an IRA before age of 59 ½. Also consider what kind of “retirement” you envision. Many peoples’ views are changing and they’re not just planning to hit 65, collect social security, and sit in a rocking chair. You may be thinking of a second career or doing something part time when you separate from government service. In that case, your target date might be even later. It’s up to you. TSP calls its target funds Lifecycle (L) Funds. TSP has five core mutual funds C, S, and I are stock funds, G and F are bond funds. The L Funds invest in the 5 core TSP mutual funds in different percentages depending on where your target date year is along the glidepath. For example, L 2060 will invest almost entirely in the C, S, and I stock funds and a very small amount in G and F bond funds. That will shift gradually over time, so you are invested mostly in conservative F and G bond funds and much less in the stock funds at the target date. Once a target year arrives, that fund is retired and your savings are put in the L Income fund. This is the fund designed for TSP participants who are withdrawing their funds in retirement.This July, there was some changes to the L funds. First off, there are more of them. They used to have an L fund for 10-year intervals. So if you were planning on retiring in 2025, you had to choose between L 2020 fund or L 2030 fund. TSP has now added more funds farther out, and at 5 year intervals. That’s an L Fund every 5 years from 2025 to 2065. This gives more options to our younger employees and servicemembers and makes it a little easier to pick an appropriate target if you were between the 10 year marks.If you would like more detailed information, you can check out a blog I wrote for the Military Financial Advisors Association at their website: http://militaryfinancialadvisors.org/blog/You can find more information at: https://www.tsp.gov/funds-lifecycle/If you have any questions about today’s show, or would like to learn more, reach out and let’s do this, together. https://www.moneypilotadvisor.com

Show NotesThere are so many demands on your paychecks, it can be tough when you don't have enough cash to tackle all that at once. Here are my recommended top 3 priorities.Emergency Fund. A common rule of thumb is to have three to six months of essential living expenses set aside. This will include groceries, your rent or mortgage payment, car payment, gas, and utilities, as well as insurance (health, life, disability, home, auto, renter’s…) If you lose your job or are furloughed, you can still cover all your expenses for t a few months while you get back on your feet. Three months worth of expenses can seem impossible at first. I recommend you start with a $1,000 goal. Put away what you can each month in a savings account Even if it's just $50 or $100 a month, keep it up and when you hit your first thousand dollars milestone dance a little jig and lift your sights on the three-month prize.Ever wonder how you eat an elephant? One bite at a time. So, tackle your emergency fund the same way. TSP Match. Contribute enough to your Thrift Savings Plan (TSP) to get your employer match. This is literally free money. For military in the Blended Retirement System, when you contribute 5% of your base pay to TSP, the government will match it, that is it put an additional 5% into your TSP account. Federal employees in in the Federal Employee Retirement System (FERS) who contribute 5% of your combined basic pay plus locality pay also get a 5% TSP match. Regular civilian employees such as spouses with 401(k) or 403(b) retirement plans through work often had some kind of match as well. Ask about the details. https://www.tsp.gov/making-contributions/contribution-types/ Saver’s Tax Credit. The Retirement Savings Contribution Credit, nicknamed the Savers Credit, is a program to help savers with modest income put away little extra for retirement. Up to certain income limits, military and civilian employees that put at least $2000 a year in their TSP (or other qualified retirement plans like IRAs and 401(k)s) can receive the federal tax credit for up to 50% of their contributions. This is a tax credit that will reduce your federal tax bill dollar for dollar (but not below zero). https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit Pay off Credit Cards. The average interest on a credit card balance is from 14% to more than 25% a year. If you have $1,000 in credit card debt, that could be more than $250 in interest added in the first year. But that snowballs as you pay interest on top of interest. Chances are, if even you stop using the card and you're making minimum payments, that balance on your card will still grow, larger year after year, like an elephant. The only way out from under this is to make larger payments on your card until the whole thing is paid off. Find a payment that is more than the minimum required, and pay each month until it starts to shrink.How to Prioritize? You can tackle these three savings priorities one at a time. I recommend you put some money toward each one every month, starting now. You'll gain a bit more peace of mind each month knowing that you can weather a storm, you're investing extra, free money for your future, and that credit card elephant is will start disappearing before you know it.If you have any questions about today’s show or would like to learn more, reach out and let’s do this, together. https://www.moneypilotadvisor.com

The idea of an out-of-the-blue pandemic shutting down America and the rest of the world would be an April Fools Day prank of the worst kind. Unfortunately, this is not a drill. Unlike past major events, 9/11, the Great Recession, which hit all of us but in many different ways, we are all pretty much in the same boat here. It may be better to be young in Idaho than to be 75 in Brooklyn. But maybe not all that much better. Hopefully you’ve got food. Toilet paper. You are taking every precaution. Now you wait. We all do. Federal employees, unlike many other working Americans, will have an annuity, a pension, if they work long enough. Either from the Civil Service Retirement System or Federal Employee Retirement System. CSRS costs employees more but produces a more generous monthly benefit that is fully-indexed to inflation. FERS has a less generous annuity formula and its partial catchup-with-inflation feature doesn’t kick in until age 62, except for a limited group of workers. FERS workers are entitled to a generous matching contribution from the government toward their Thrift Savings Plan. Over time its impact is tremendous. Unfortunately the TSP is in the tank, temporarily we assume and hope, until we get out of the current mess. But for now most balances are down for most people to the point where many are rethinking their retirement date. And if not, should be. So where to start? When in doubt, and in all things retirement, start with Tammy Flanagan. She’s been thinking and rethinking your career since the virus hit. And I’ll be talking with her today live, at 10 am EDT, on our Your Turn radio show. You can listen live at federalnewsnetwork.com or 1500 AM in the Washington metro area. The show will be archived on our home page so you can listen later, listen again or pass it along to a friend or coworker. If you have questions for her, send them to me before showtime at mcausey@federalnewsnetwork.com.

In today's Federal Newscast, A bipartisan pair of lawmakers want to give some federal employees a new retirement flexibility.

This week on Your Turn, host Mike Causey talks with Federal Managers Association President Renee Johnson and FMA Government and Public Affairs Director Greg Stanford about where we are, what needs to happen to secure the pay raise. Johnson, of the Naval Air Systems Command’s Fleet Readiness Center-East in Cherry Point, North Carolina, has been a fed for 25 years.  Stanford covers Capitol Hill. Later in the show, Mike and his guests discuss what's needed to block proposals eliminating future cost of living raises for FERS retirees while charging FERS workers 6 percent more for their reduced benefits.

In this episode Dave and Steve talk about the White House proposal to change the Federal Employee Retirement System. What changes are being recommended and what are the chances that these recommendations become law?

Many say the thin red line between partisan politicians of both parties and the career civil service is the 9,100 members of the career Senior Executive Service. The SES came out of the Carter administration’s effort to revamp the civil service and make top executives more mobile — and responsive — to their political bosses. Some SES members belong to the Senior Executives Association which generally works closely with federal professional groups, unions and retiree organizations such as the National Active Retired and Federal Employees Association to protect federal benefits which have been under attack for more than a decade. That includes everything from pay freezes under Presidents Barack Obama and Donald Trump, to major cuts in the Federal Employee Retirement System. SEA president Bill Valdez is my guest on this episode of Your Turn, a radio show (Wednesday's at 10 a.m. EST) streaming on Federal News Radio or at 1500 AM in the D.C. area.