Monthly e-News

May 2017: Mid-Career Retirement Planning

Mid-Career Retirement Planning
Published: May 22, 2017

“A goal without a plan is just a wish.”   -Antoine de Saint-Exupéry

With summer fast approaching, you may be planning your vacation more diligently than your retirement.   Don’t overlook retirement planning for too long.  Ask yourself these questions:

When will I retire?  Am I taking steps now to save for retirement?  Have I planned for the unexpected? Continue reading

April 2017: Compound Interest – Friend or Foe

Compound Interest: Friend or Foe
By: Raymond Kirk, Ph.D, Federal Benefits Specialist
Published: April 20, 2017

April is the official National Financial Literacy Month.  One of the important building blocks of financial literacy is understating compound interest and its impact on you.

Albert Einstein is alleged to have said, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”  Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on. This addition of interest to the principal is called compounding. Continue reading

March 2017: Understanding CSRS Offset and Spousal Survivor Benefits

Understanding CSRS Offset and Spousal Survivor Benefits
By: James Marshall, Federal Benefits Specialist
Published: March 20, 2017

Recently I have encountered a few widows and widowers receiving less benefits from OPM due to what I believe to be a communication issue between OPM and Social Security. I’d like to use this article to help begin to explain how spousal survivor benefits are computed for widows/widowers of CSRS Offset retirees. Continue reading

February 2017: Estate Planning Issues for Single Parents

Estate Planning Issues for Single Parents
By: Marc S. Levine, Esq.
Published: February 20, 2017

More and more, we get less and less “straightforward” estate planning scenarios. Clients come to us single, married to their first spouse, married to new spouses, with blended families, married to non-citizens and dealing with children or spouses that are no longer able to deal with their own lives.  One of the more common, not straightforward issues we see, is clients raising children as single parents. Their issues are often almost straightforward, but are occasionally fraught with land mines. Continue reading

January 2017: New Year’s Financial Actions for Federal Employees

New Year’s Financial Actions for Federal Employees
By: John Jilek, Certified Financial Planner
Published: January 20, 2017

Start with a personal budget. Your goal in budgeting is to identify where your expenditures are being made relative to your “bring home pay”. If you do not like the idea of a ‘budget’, view the process as the beginning phase of financial independence. In other words, you are determining your monthly cash flow. Monthly cash flow is the”bring home pay” less your minimum monthly expenditures. Continue reading