100% C. then at 59.5, moving all holdings out to a useful fund with real options, and the same with each years contributions until I retire. TSP is obsolete.

Part B premiums, always capable of increasing yearly,without limits. If there were some sort of regulation that premiums can only increase a certain percentage per year, then I would consider it. We retirees do not have a vote in how much premiums are increased. Once enrolled, there is no recourse to get out.

Harrison clare county and the correction officer invovled with the American Legion commando, how many times going to be for my eltronics things are being hacked blocked and being dang Satanism cults aiding Marijuana favoritism folks and you called this problems ? Im a paganism not a Satanism or anything else .

All of these FERS retirement videos are based on a TSP value of 1 million or more. Some of us don't come close to that amount. I would like to see a video calculation on a TSP value of 300K and see where that gets us. Not everyone is retiring with 1 million in the bank!

Excellent, informative video!!

Can a non federal spouse (retiree) opt out of Medicare Part B - if federal retiree carries FEHB? We are a High income bracket and will turn 65 in the same year.

I look at volitvity as a common occurrence. I started my TSP with nothing and I have several income streams that will be there after retirement not including social security. I don't watch TV and am not concerned what is spread in the mainstream media. Thanks for the info.

Too late. I am already happily retired under CSRS. The worst financial advice that I ever followed was "do not open a Roth. Put all of the contributions in a traditional account and get the deduction now because you will be in a lower tax bracket when you need the money". Now I have a huge tax tumor. Am paying much more in taxes from distributions now than that meager deduction I had when working.

Retire asap. Enjoy your life while you are able. Many people die before retirement.

Brown Elizabeth Williams Margaret Hernandez Helen

I really don't think a Roth conversion is the way to go in most cases. If you're not retired it makes no sense and if you are retired and have multiple income sources you can hold the acct until 75 and then take your minimum RMDs between 5% to 10% annually and the balance continues to grow probably faster then your withdrawals. At 85-95 or so you can pass the deferred acct it to your kids and or Grand kids at probably a lower tax rate compared to yours. Take more than the minimums if it looks like your heirs will be in a higher bracket than you

Incredibly horrible advice

My daughter is disabled and on SSI and SSDI. She can draw from my social security when I retire. Is this a good reason to take Social security at age 62?

Great video - thank you! Would love content for late investors (55+) who came to this after taking care of family with my income. I'm a single mom and just now have money to invest but only have 65k in TSP with 4 years from retiring from gov to go onto something else. Thanks.

Your handwriting sucks

$1000 in Trad TSP or $700 in a Roth TSP, that is the question!

I contribute $450 in each per pay period. Which is very close to the max for this year.

Thank you so much!

We all know Taxes are going to INCREASE for us and our kids, Pay the taxes now. Also, See if you can use a HDHP with a HSA then invest the HSA funds with a HSBA. When you turn 65 it essentially becomes another Roth bucket.

I recently retired after 38 years in the civil service and did quite well with the TSP. My advice to new people in the working world, civil service or not, would be as aggressive as possible until you get within a few years of retirement. And then back off only a little bit. I was mostly in the C fund but tried to be clever a few times and always regretted it. Even in retirement i have a lot of money in aggressive stocks to keep ahead of inflation.

I came across this video by doing a search. Am I glad I found it. This was very insightful information. I am a recent FED retiree, and I am trying to figure this retirement planning out. I will sign up for the newsletter to learn some more. Thank you.

What about FEGLI once you retire?

C fund 100%

Usually your maximum catastrophic out of pocket is around $5k year. Minus your Medicare part B premiums for opting out. So the most you could be out is $3k. And that’s for some major medical costs. It just doesn’t seem prudent to have both. Most years you’re throwing away money. The only downside is if the Government eliminates FEHB for retirees. Then you got that part B penalty. Which could be 100-200 % more if you waited 10-20 years.

I’m about to be 65 in November and planning to retire in December 2024 meaning January 1st 2025 I’ll be retired! Since I’m a widow of a Vietnam Veteran, VA approved my health benefits but is asking me to enroll in Medicare Part A and Part B in order to continue with their benefits. Do I have to continue with my BC/BS health Insurance I have now?

How do you figure out the lump sum instead of the annuity route

1:13 has a FALSE statement. You CAN maintain FEHB even if you're taking a REDUCED pension or at least that's what the instructor and slides state in the training we received. If you're at your MRA+10 at age 57, you CAN continue FEHB after you retire at age 57 and take FERS pension immediately, reduced by 25%.

Outstanding advice

Can fixed indexed annuities also do calculations such as point-in-time that does worse than you think for the returns?

Do fixed indexed annuities also have an expense ratio?

Does Northwestern Mutual Life offer Long Term Care policies?

You might consider getting non-glare eyeglasses so that you don’t have reflections off your glasses in your videos.

I appreciate the video. I receive a military pension (20 years of Army active service) and am 100% P&T service connected through the VA. I currently work as a VSR (VA claims processor). Once I hit my MRA, which at that time, I would have 14 years in, I will postpone my retirement until I reach 62 so that I don't receive the 5% reduction for each year under 62. I also invest heavily into the TSP. I think I am going to be in great shape come my permanent retirement.

How will Kaiser HMO be affected by the new PSHB plan ?

WOW, I'd always heard that annuities could be bad, but I don't think anyone has described why in such detail. Thanks!

Social Security is not a BENEFIT...it's an ENTITLEMENT!!

The issues you are pointing out are causing seniors to stay in the workforce - backing up workforce development. The government should fix FERS so that it maintains parity with inflation. Also, remember that many of us were told that FERS would be better for us than CSRS. That has not turned out to be true for most of us. The government has been steadily reneging on its past promises. With such low pay and bad behavior and retirement uncertainty, why would the best and brightest choose a career in civil service? Compound that with the way in which the civil service is demoralized in politics, there's little to no benefit now. So, the quality of our workforce is steadily degrading. The government needs to stop shooting itself in the foot and be a good model for the private sector and treat its employees and retirees fairly. We shouldn't have to worry about surviving in retirement after a long career in service to our country. And we should be a place where young people want to pursue their career dreams.

The Music, are you kidding me!? Next video how about banging two symbols together while you talk. Wierd

thanks

Please correct me if I'm wrong.. So I can suspend FEHB or PSHB, enroll in medicare part B and sign up for Senior Advantage Plan at Kaiser. This will cover my family's medical needs.

I agree abut the music.

First time in this channel, glad that I stumble into it, I have Roth TSP already for many years but I decide to stop contributing and instead put the funds in a brokerage Roth IRA, the reason is for the flexibility I will have once I retire, luckily the Roth IRA is having much better performance than the Roth TSP also. I'm maximizing the traditional TSP with good results.

Nice, thanks!

One thing to consider with costs is that one does not necessarily need to have a super policy that pays for the entire period of care. Just like a deductible in health or auto policies, if you can pay some costs out of pocket, then the policy you buy can be cheaper- basically a subsidy that helps you so you don't bankrupt yourself and your partner. So if one can pay out of pocket a few thousand a month, then you can choose a policy that has a reasonable premium.

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Mis July I followed eecommendation of advisor and went from G to C 100%. It has now plummeted, and I've lost tons!! I retire in 2 years, but now I have so much to make up for. Pretty terrified.