Mid-Year Tax Tips For Federal Employees: Part 2

For part two of our mid-year tax planning series, we’re going to review one of the most reliable tactics for reducing taxes: which is bunching. This strategy is the process of accelerating deductible expenses, such as real estate taxes, charitable contributions, etc., into a given year so that you can itemize your deductions. This strategyContinue reading “Mid-Year Tax Tips For Federal Employees: Part 2”

Variable Annuities: What Federal Employees Need To Know

Federal employees often ask me if annuities are good or bad? And my response is that they’re neither good nor bad—because they’re just tools that work well to meet specific goals and do not work well to meet others. Thus, the only way to know whether an annuity may be a solution for you isContinue reading “Variable Annuities: What Federal Employees Need To Know”

Should You Use Your TSP To Pay Off Your Mortgage?

As federal employees near retirement, many questions inevitably come up. One common question I am asked is, “should I use my TSP to pay off my mortgage?” And my answer almost always is, it depends. Though it might seem like a smart financial move, several factors should be considered before deciding to pay off yourContinue reading “Should You Use Your TSP To Pay Off Your Mortgage?”

3 Reasons Why Federal Employees Should Hire A Financial Advisor

Personal finances can be complicated, especially when you’re a federal employee with a robust benefits package that includes a FERS pension, survivor benefits, the Thrift Savings Plan, and life insurance, all of which require some type of financial decision making. And while OPM and your HR specialists do an excellent job of providing plenty ofContinue reading “3 Reasons Why Federal Employees Should Hire A Financial Advisor”

The Public Service Loan Forgiveness Program For Federal Employees

The Public Service Loan Forgiveness (PSLF) Program is a federal program designed to encourage students to enter public service by forgiving any remaining loan balance after 120 qualifying monthly payments (10 years) have been made. As simple as that may sound, in practice, qualifying for this program hasn’t gone very smoothly, in part due toContinue reading “The Public Service Loan Forgiveness Program For Federal Employees”

Numbers Every Landlord Should Know

Everyone’s journey into the world of rental properties is a little different. Some made the deliberate decision to become a landlord, while others took a less intentional path and one day found out they were an accidental landlord. Regardless of which route you took, there are two metrics you need to know to understand theContinue reading “Numbers Every Landlord Should Know”

6 Tips To Tune-Up Your Finances For The New Year

As you kick off your new year, it’s important that you take the time to ensure your finances will support the year you hope to have rather than hinder it. Since our finances affect every facet of our lives, improving your finances can support success in other areas of your life. Use the following 6Continue reading “6 Tips To Tune-Up Your Finances For The New Year”

Defining the Why Behind Your Financial Life Plan

Many people think that financial planning is investment management or insurance sales, but those are just financial planning tools. Real financial planning is the process of aligning all of your resources to support your life goals. Said differently, financial planning (when done right) is the process of painting your dream life, being clear and honestContinue reading “Defining the Why Behind Your Financial Life Plan”