By: Phil Gardner, Federal Benefits Specialist
Published: June 20, 2019
Getting ready to retire? Your agency benefits officer wants you to start the process 3 to 6 months ahead of your retirement date. Here are some things to think about before setting up your meeting. Your benefits officer will provide you with full details and an estimate of your annuity. Continue reading
By: Marc S. Levine, Esquire
Published: May 20, 2019
What are some of the practical considerations when a loved one dies? A lot of my work [or “an estate planning attorney’s work”] with clients is about planning for some low-probability / high-impact events – such as an early or unexpected death, as well as planning for the reality that all of us will pass. This is one of the most important aspects of what we do – helping people navigate what can be a complicated maze of what has to be done after someone dies. Continue reading
By: Ray Kirk, Ph.D., Federal Benefits Specialist
Published: April 22, 2019
Banks, car dealers, credit card companies, newspaper columns all talk about credit scores and credit reports. Do you know how they differ and what they are used for?
A credit report chronicles your credit history — a credit score predicts your credit future.
A credit report is the detailed history of your credit use and repayment patterns. A credit score is a single number, based on an algorithm, predicting your credit risk based on the information in your credit report at one point in time.
By: Joel Cundick, CFP®
Published: March 20, 2019
What is a “Roth”, and where did it come from? In 1974, Congress passed legislation allowing the creation of Individual Retirement Accounts, or IRAs. Twenty-three years later in 1997, a new form of IRA was created by Congress. Labeled a “Roth IRA” (after the late Senator William Roth of Delaware), this new IRA allowed individuals to choose to pay taxes before contributing to the IRA, and then pay no taxes on growth and income in the account at the time of future withdrawals. From this point forward, the initial tax-deferred IRA option began to be referred to as a “Traditional IRA.” Roth options in employer retirement plans began to be offered in 2006 generally, and specifically in the Thrift Savings Plan in 2012.
By: Mike Townshend
Published: February 20, 2019
As we advance in life, many choices present themselves for how we will live and with whom. For many, living with our life partner and our children may involve Multi-Generational Living. This is a model that works very well for many of us. But, circumstances can and will change and with new life circumstances come different opportunities. Continue reading
By: John Jilek, CFP®
Published: January 22, 2019
When is playing it safe a bad idea?
What does safe really mean?
Federal Employees have a lot of worries going into 2019. Rightfully so! I write this on the 25th day of the government shutdown. Uncertainty seems to be everywhere, but letting this pervade your long term investment strategy is invariably a bad idea. Continue reading