Helping Federal Employees Make Smart Financial Decisions
Most federal employees don’t think about their taxes until April 15th is around the corner, however, thinking about taxes long before it’s time to file gives you the opportunity to do some tax planning that can potentially reduce your tax bill. That being said, the end of the year is a great time to useContinue reading “End of Year Tax Planning For Federal Employees: Part 3 Tax Loss Harvesting”
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”
It’s hard to believe that half the year has gone by already, and while summertime is perfect for going on family trips and sunbathing, it’s also a great time for some mid-year tax planning. Yes, I know, taxes, everyone’s favorite topic. Although you may not enjoy reading through your 1040 or your 1099s, you willContinue reading “Mid-Year Tax Tips For Federal Employees: Part 1”
While the TSP is great at providing tax benefits and allowing federal employees to save for retirement efficiently, it has several restrictions that limit how and when savings can be accessed. In fact, most federal employees are aware of the age restriction that imposes a penalty on TSP withdrawals before age 59 ½; however, manyContinue reading “Withdrawing From Your TSP Early: Part 2 Age 55 And 50￼”
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”
Most federal employees saving for retirement have heard the terms “IRA transfer” and “rollover,” which refer to how you move your money from the TSP to an IRA. And while both terms are often used synonymously, they’re not identical and have significant differences that you must be aware of to avoid making a big mistake.Continue reading “The Big Mistake To Avoid When Transferring Your TSP”
Something went wrong. Please refresh the page and/or try again.
Become An Insider
Get new content and the occasional freebie delivered directly to your inbox.