In this three and half minute video, Teresa Kuhn, JD, RFC gives you just a few of the reasons why specially-designed and modified whole life insurance is catching on as perhaps the ultimate cash management tool. 21st Century whole life policies bear little resemblance to what your parents or grandparents may have had. Check out [...]
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 [...]
https://www.youtube.com/watch?v=PzhwHesz62Q By Rick Sparkman Pathfinders Wealth You've been diligently saving and investing for years to build your retirement nest egg. Now, as retirement approaches, it's crucial to start planning early and make informed decisions about what to do with your money to ensure it lasts as long as you do. A key consideration when [...]
by Sean Sparkman Pathfinders Wealth Securing the best interest rate for your mortgage can significantly increase your financial well-being. One tool that borrowers often use to achieve this is a mortgage rate lock. In this article, I'll explore what a mortgage rate lock is, how it works, its potential impact on the economy, and the [...]
by Rick Sparkman Pathfinders Wealth The Internal Revenue Service (IRS) and the Treasury Department have issued the final rules for required minimum distributions (RMDs) for beneficiaries under the 10-year rule, effective September 17, 2024. These rules affect beneficiaries of retirement accounts, mandating annual distributions with the requirement to deplete the entire account within [...]
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 [...]
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 [...]
Integrity, often defined as doing the right thing even when no one is watching, is a cornerstone of a fulfilling and successful financial life. In Sean Sparkman's upcoming book, "Income-Do," integrity is explored not just as a virtue but as a practical guide to economic success. Integrity means making the right decisions consistently, [...]
