What Every Young Federal Employee Needs To Know Now

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[@ricanredliner]

Im starting a federal job at 34. Planning to stay till 62 to retire and get the 1.1% and collect early social security. Putting the 5% into TSP to get the full match hoping in the next 28 years it builds up enough.

[@lunamorris2091]

I’m more than happy to discover this channel. I need to thank you for your time for this, particularly a fantastic watch!! I liked every little bit of it and I have subscribed you to look at new posts all the time.

[@aasdf6460]

Your videos are so informative for new folks getting into to public service and I always enjoy watching them. Keep it up!

[@PlanYourFederalBenefits]

Great to hear! Have a great day!

[@user-xz9ed8pw2s]

As always, great information and content!

[@muskduh]

thanks for the video presentation

[@joshuawilliams1094]

I just started working for the feds and I’m 21. I put 6% into my Traditional TSP and $250 into my roth because I honestly don’t know what I’m doing. I just know retirement is important

[@aaront936]

Put all of your contributions into the roth. And put your allocations into c & s only if you want to be a tsp millionaire.

[@joshuawilliams1094]

@@aaront936 I’m currently enrolled in the Lifecycle 2060. How would I move it?

[@xiloa23]

@@aaront936 can you explain why c & s? Or provide some links...I'm 22 with the feds and would love to learn

[@bazzam429]

Put 10% the gov will match you 10% so you're basically putting in 20% just so you know the government will tax what they match. But i believe they will match you up to 10%. Also don't leave your money in one fund group, look into broadening your portfolio.

[@bazzam429]

@@joshuawilliams1094 you need to log on to TSP.gov and from there you can move your money around and change how much money goes into each fund category

[@girlscoutfather6766]

Very useful, something geared to help out the younger generations. Thank you.

[@roachtoasties]

A young employee also needs to know their GS salary will never increase enough to buy a house. Home prices keep going up about 10% a year, but GS salaries may go up 1%. You'll be heading in reverse.

[@angelbrigg]

You just gotta look for deals.

[@cdakskid]

Whenever people start thinking the prices will keep going up at crazy levels, there is a big chance that there will be a correction. I've seen major housing pullbacks three times in my adult life. My advice would be to save up as much as you can and be ready for a pullback.

[@DevoutSkeptic]

Buy a condo then.

[@BuzzBloxx]

Va loan

[@HESCOBANDIT]

You minimize such problems by moving up the chain throughout your career. You don't get a job and settle.

[@alanwilliams5836]

Great topic and information, as always. I want to confirm something for others coming up on retirement. I am retiring on Dec 31st. I received an email from the National Finance Center a few days ago that told me to not expect my first retirement check for 8 to 12 weeks after my retirement date. I think it's important for anyone preparing to retire to have money at hand (ie... in checking or a savings account) to cover their expenses during that 2-3 months lapse between retiring and receiving initial annuity payments. I learned that from you and your channel, and took care of that before I retired,

[@PlanYourFederalBenefits]

Great to hear!

[@plantsondeck7098]

He's dead move em on up.

[@offthetop1794]

Great advise thank you! You remind me of Winston Deavor 😉

[@manofmayhem4988]

Do you know anything about discount flights for fed employees

[@Rudenbehr]

I would like to be a federal employee after earning 6 figures in industry for 5-8 years (I’m currently just an engineering student LOL so I have lofty dreams). But it’s super important to me to at some point help and service my country with my skill set.

[@IffyEdem]

Get a government job to get into tech. Do it for a few years and then look for private jobs where you can either get into making 6 figures a year at a FAANG company, or as a contractor do that you can still use your clearance and maintain government and private privileges

[@ayo__ayo]

That's not out of the realm of possibility at all as long as you're willing to move to the DC area. It's actually pretty common.

[@CampsitePyro]

I am retiring in 12 years. I do have a question that WHY--in this day and age, it still takes so many weeks before the first retirement check kicks in? Even if all the I’s are dotted and computers are working overtime, it still takes forever. First check should come in two weeks after my last standard paycheck

[@PlanYourFederalBenefits]

Great question!

[@nelsonfonville9533]

When can a spouse start spousal social security and can they switch to their social security at a later date? Thanks so much for your information.

[@PlanYourFederalBenefits]

Generally spouse's can't switch between the two benefits. They can only choose when to start benefits and will get whatever is higher, their own benefit or spousal benefits.

[@seaquest2681]

for a job that has different titles, but same position code, exact same duties, same qualifications 😮--should they be paid and be classified the same?

[@aaront936]

Get out of the G,F,I,&L funds and max out your roth tsp

[@kelionnoldo8251]

I got the job offer from usar and I'm goddamn happy

[@kelionnoldo8251]

@@JoeGrizzly_ exactly

[@VincentLyon]

Early bird gets the worm. Let's. Dig. Right. In.

[@VincentLyon]

And now that I've finished watching, I do feel more confident and competent. Thanks yet again!

[@PlanYourFederalBenefits]

Great to hear!

[@dynamo3059]

this guy makes good point but why is he like 22

[@Tribunal1023]

Because he is a young federal employee

[@dynamo3059]

hes a "premier federal advisor". how can you advise things when you barely know anything? people just starting out barely know anything

[@alezandradavila2581]

It’s awful

[@jeremymoore2388]

What every young federal employee needs to know is that YOU ARE WORKING FOR A CULT GOVERNMENT