Financial Living Blog

Comparing TSP Investment Options for Federal Employees

Jan 11, 2023 10:27:40 AM

As a federal employee, your FERS basic benefit will likely be a major source of income in retirement. But it also likely won’t cover all your needs. That’s where the Thrift Savings Plan comes in. Like a private company 401(k) plan, the TSP allows you to save a portion of your paycheck in a tax-deferred investment account.

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Q4 2022 Market Update: Has the Fed Gone Too Far?

Jan 4, 2023 9:40:57 AM

Advance Capital Management’s president and chief investment officer, Christopher Kostiz, provides his key economic and market insights from the most recent quarter.

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The Most Important Advance Capital Blogs of 2022

Dec 28, 2022 9:00:00 AM

Each year, we post a list of our favorite blogs that we published. This year we’re doing things a little different. We’re featuring the most important blogs for people in certain situations. These are the blog posts they should read, read again and consult whenever needed.

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How Much Should You Pay for a Financial Adviser?

Dec 21, 2022 11:06:48 AM

The purpose of building wealth is to create a fulfilling and secure financial future. And, the role of a financial adviser is to help you do that. But, as with any profession, advisers don’t work for free. So, how much exactly should a financial adviser cost?

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Watch Your Step: AT&T Pension Mistakes to Avoid

Dec 14, 2022 8:33:48 AM

The most important AT&T retirement benefit for most employees is their pension. It will provide substantial funds for creating an investment portfolio (lump sum) or a monthly paycheck throughout retirement (monthly annuity). You just have to decide what to do with it as you near retirement. And that’s where things often go wrong. You could get less than you deserve. To help you maximize your benefits, here are some AT&T pension mistakes you’ll want to avoid.

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Spending Down Your Savings: IRA Withdrawal Rules

Dec 7, 2022 9:40:36 AM

Saving for retirement can feel like a long, upward climb. Taking step after step, saving dollar after dollar. But the view at the top is worth it… except the journey isn’t over. You now have to navigate your way down. That is, you have to take money from your savings to fund your retirement without tripping up.

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Social Security Changes for 2023

Nov 30, 2022 9:28:55 AM

The biggest Social Security change for 2023 is the major cost-of-living adjustment (COLA) increase. At least, that is the one most people are talking about. But there are other important changes set to go into effect next year that will impact both workers and retirees. To help you prepare, here are the Social Security changes for 2023 and how they could change your financial plan.

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How to Calculate Your High 3 for Federal Retirement

Nov 22, 2022 9:05:32 AM

Upon retirement, the Federal Employees Retirement System (FERS) will pay federal workers a monthly benefit based on their years of service worked under FERS, average high 3-year salary and age. This FERS basic benefit is often known as the monthly annuity. It is a major source of retirement income for federal workers. Knowing how it is calculated can help you decide when it’s the right time to retire.

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How to Prepare for Retiring in a Recession

Nov 16, 2022 10:40:45 AM

Recessions are a normal part of our economy. But no one can accurately predict when the next one will happen. It could happen at an inconvenient time for you personally. For one, you could find yourself retiring in a recession.

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Saving for a Rainy Day: Where to Keep an Emergency Fund

Nov 9, 2022 10:55:18 AM

Unexpected events in life often come with a hefty price tag. In fact, the average emergency expense was about $1,400, according to one study. Which highlights the importance of having an emergency fund.

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