In this video, Jose Armenta, CFP®, reviews the requirements that must be met for your spouse to maintain Federal Employees Health Benefits (FEHB) coverage if you predecease them. If you’d like to learn more about carrying FEHB coverage into retirement, read this article.
Tag Archives: federal employee benefits
What Happens To Your Federal Employee Health Benefits In Retirement?
As a federal employee, you know that you have a robust employee benefits package, and your likely aware that your Federal Employees Health Benefit (FEHB) coverage is a critical part of that package. But what happens to your FEHB coverage when you retire? Can you keep your coverage? Do your premiums increase? There is aContinue reading “What Happens To Your Federal Employee Health Benefits In Retirement?”
Are You Contributing Enough To Your TSP? (VIDEO)
In this video, I’ll cover a few rules of thumb for contributing to your TSP. If you want to learn more about your TSP, read this article.
Understanding Your TSP’s Investment Options
Among the many benefits of working in the Federal government is the Thrift Savings Plan (TSP). The TSP boasts fifteen broad-based investment options, including five individual funds (C, S, I, F, and G) and ten lifecycle funds. Although there is plenty of information available on the TSP’s funds, many Federal employees don’t understand the fundContinue reading “Understanding Your TSP’s Investment Options”
5 Ways Your Federal LEO Retirement Benefits Are Different
For the most part, all Federal employees enjoy the same robust benefits, such as the Thrift Savings Plan (TSP), various insurance programs, and of course, the FERS pension. However, special category employees, namely law enforcement officers (LEOs), are eligible for enhanced retirement benefits and are governed by different retirement rules. Because these enhanced benefits andContinue reading “5 Ways Your Federal LEO Retirement Benefits Are Different”
5 Things You Should Know About Withdrawing From Your TSP
Whether you are nearing retirement or still building up your nest egg, it’s important that you take the time to understand some of the complexities that are involved with taking TSP withdrawals. Understanding these complexities will help ensure you are not missing critical elements in the multistep retirement planning process. Read on to learn theContinue reading “5 Things You Should Know About Withdrawing From Your TSP”
The TSP Loan At A Glance
Like many 401(K)s, the Thrift Savings Plan (TSP) allows active participants to borrow from their accounts. However, before you can determine whether taking out a TSP loan is the right choice, you must understand how the TSP loan works. Read on for a quick review of the TSP loan nuts and bolts. How A TSPContinue reading “The TSP Loan At A Glance”
Does Your Agency Match Count Toward Your TSP Contribution Limit?
One of the biggest perks of the Thrift Savings Plan (TSP) is the generous government match. Yet, there is some confusion around whether the agency’s match counts toward the annual employee contribution limit set by the IRS. This confusion probably stems from the fact that there are two limits imposed on qualified defined contribution plans,Continue reading “Does Your Agency Match Count Toward Your TSP Contribution Limit?”
Can You Have A Roth TSP And Roth IRA?
In this video, I’ll cover whether you can have both a Roth TSP and Roth IRA and some of the differences between the two. If you want to learn more read this article on the TSP.
How Is Your TSP Taxed?
The Thrift Savings Plan (TSP) is a qualified retirement plan, which means the plan meets specific IRS requirements and, as such, receives additional tax benefits and protections. The tax benefits you’ll receive and how your withdrawals will be taxed depends on whether you have a traditional or a roth TSP. Traditional vs Roth Taxation TraditionalContinue reading “How Is Your TSP Taxed?”