Financial Living Blog

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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How to Calculate Your FERS Retirement Benefit

Aug 12, 2020 9:24:36 AM

By Kurt Mears, Advance Capital Management Financial Adviser

What every federal government employee knows is that one of your primary retirement income sources will be the FERS basic benefit. Along with Social Security, this pension-like system is a coveted form of guaranteed income. What you may not know is how exactly your FERS retirement benefit is calculated.

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Drawbacks of TSP Lifecycle Funds

May 27, 2020 8:29:24 AM

When it comes to your health, you typically get the professional advice of a qualified doctor. You don’t just choose from a menu of treatments. But when it comes to your long-term financial health, it’s often all up to you.

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Managing Your TSP During Market Volatility

Apr 1, 2020 11:59:24 AM

In the past month, the stock market dropped into bear market territory. During that time, the Dow Jones Industrial Index suffered its largest single-day drop ever, but also its largest one-day gain since 1933. Needless to say, as the world works to contain the coronavirus and faces the likelihood of an economic recession, the market has become highly volatile.

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