Financial Living Blog

Simple Ways to Increase Your TSP Savings

Nov 24, 2021 9:10:43 AM

Maxing out your Thrift Savings Plan account is not a necessity for federal workers to achieve a comfortable retirement. But there are many good reasons for making it one of your financial goals.

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Importance of Updating Federal Employee Benefit Beneficiaries

Oct 20, 2021 9:36:04 AM

One of the most important financial steps everyone should take is to keep their beneficiaries up to date. Such a simple task can be the difference between protecting your loved ones and pushing them apart.

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Do You Know Your FERS Retirement Age?

Sep 22, 2021 9:46:44 AM

From postal workers to VA doctors, we’ve had the pleasure of helping many federal government employees reach retirement. So, what is retirement age for government workers? Is it the conventional age of 65?

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Should Federal Workers Choose a TSP Roth or Traditional Account?

Aug 18, 2021 1:35:59 PM

Similar to a private company 401(k) plan, the Thrift Savings Plan allows each federal worker to save a portion of his or her paycheck in a tax-deferred investment account that can grow for future use as income in retirement. However, you are given access to two different account options: a TSP Roth and traditional account.

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Watch Out for These 7 Major FERS Retirement Mistakes

Jul 14, 2021 10:27:38 AM

According to the Employee Benefit Research Institute’s latest Retirement Confidence Survey, two-thirds of workers are confident they have enough to live comfortably in retirement. The same number of workers surveyed are confident they are doing a good job saving for retirement and know how much they will need.

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Good News: New Money Manager for Thrift Savings Plan Funds

Jun 9, 2021 1:22:52 PM

By Kurt Mears & Daniel Amiot, Advance Capital Management Financial Advisers

One of the many roles of an investment adviser is to monitor those who manage our clients’ money – mangers of mutual funds, ETFs and retirement plan investment options. This is an important component because changes can (and do) occur that will alter the original strategy, objective or focus of the investment. When this happens, it is essential to evaluate those changes to make sure the manager continues to fulfill their purpose in our portfolios or retirement plan lineups.

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TSP Matching Funds Explained

May 5, 2021 2:15:56 PM

By Kurt Mears & Daniel Amiot, Advance Capital Management Financial Advisers

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The Best Dates to Retire from FERS

Mar 24, 2021 10:29:05 AM

By Kurt Mears & Daniel Amiot, Advance Capital Management Financial Advisers

A common question federal employees ask us is this: I have heard there are “best” days of the year to retire from FERS – is this true? The answer is indeed, yes. In fact, the date you retire from FERS can carry significant importance based on your cash flow needs.

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Does FERS Include Locality Pay in the Annuity?

Feb 4, 2021 9:11:19 AM

By Kurt Mears & Daniel Amiot, Advance Capital Management Financial Advisers

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Benefits of a TSP Rollover for Federal Retirees

Dec 2, 2020 2:28:20 PM

After a long career, a federal worker may have a substantial amount of money saved in their Thrift Savings Plan (TSP) account. What you do with this money is an important decision because it will be a primary source of income for your retirement expenses.

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