The Thrift Savings Plan (TSP) is one of your most potent government benefits and can help you build a robust retirement portfolio. However, not everyone is aware of how to fully leverage the different funds available or the strategic decisions that can optimize returns. In this article, I would like to explain some [...]
https://www.youtube.com/watch?v=9TxPXSgmBoI by Brian Swerdlow Many federal retirees are eligible to receive Social Security benefits as early as age 62. However, some choose to wait until their full retirement age (FRA) to claim their benefits. The full retirement age for those born in 1958 is currently 66 years and eight months, rising to age 67 [...]
by Brian Swerdlow Indexed Universal Life (IUL) insurance continues to gain popularity as a versatile financial product. IUL offers flexibility, tax advantages, and potential retirement income. However, as with any investment or insurance product, there are benefits and drawbacks to consider, particularly for federal employees planning for retirement. In this article, we'll take [...]
by Brian Swerdlow Federal employees who participate in the Thrift Savings Plan (TSP) often ask me about the best strategies for managing their retirement savings. One question I get regularly is whether it makes sense to pay taxes on retirement funds sooner rather than later. If you are considering a Roth Individual [...]
In a hurry? Check out the video synopsis of the article here: by Brian Swerdlow If you participate in the (FEHB), you may want to consider making changes to your healthcare enrollment. That's because there have been significant improvements to the Medicare Part D prescription drug coverages under the Inflation Reduction Act [...]
by Brian Swerdlow The FERS Supplement, also known as the Social Security Supplement or Special Retirement Supplement, is officially referred to as the Retiree Annuity Supplement (RAS) by the Office of Personnel Management (OPM) in Chapter 51 of the CSRS/FERS Handbook. Despite common misconceptions, this benefit applies not only to employees under the [...]
by Brian Swerdlow Artificial intelligence (AI) is poised to transform the workforce, bringing both opportunities and challenges. Predictions suggest that AI will significantly impact job tasks for a substantial portion of the workforce, potentially automating thirty percent or more of work hours. Despite these impending changes, businesses and Congress have done little to [...]
Are you a USPS employee? Get ready for your new health insurance program. by Brian Swerdlow As the United States Postal Service (USPS) gears up to launch a new health insurance program, the Office of Personnel Management (OPM) is addressing a crucial issue: the potential impact on Medicare-eligible retirees who opt out of [...]
by Brian Swerdlow Selecting the right Federal Employee Health Plan (FEHB) for you and your family is a crucial decision that impacts your healthcare coverage and finances. With numerous plans available, it's essential to navigate through the options carefully to find the one that best meets your needs. Here are three critical steps [...]
by Brian Swerdlow Retirement is one of life’s most anticipated milestones. And it’s one that can give you the freedom to choose where you’ll enjoy this new chapter of your life. For government employees, selecting the right state for retirement can significantly impact their quality of life and financial well-being. Here are [...]
by Brian Swerdlow If you work for the federal government then you appreciate the numerous benefits, including attractive and robust insurance options. A standout perk is your ability to potentially continue your insurance coverages into retirement. However, not all employees qualify, and specific requirements must be met. Here’s a look at how some [...]
by Jerry Yu Financial services marketing can be seductive and somewhat deceiving. In brochures and on websites, you often see a happy couple lounging on a calm white beach. They're holding hands like love-struck teens and sipping icy cocktails without a care in the world. If you believe the marketing hype, once you've retired, the [...]
