Many retirees assume they will fall into a lower tax bracket upon retirement, but this assumption can often lead to unexpected tax liabilities. Consider Your Future...
With the looming possibility of Congress not extending the Trump Tax Cuts (TCJA) for individual taxpayers, those nearing retirement or already retired might find themselves facing...
From market fluctuations to unexpected spikes in inflation rates and uncovered healthcare costs, the road to retirement can be fraught with financial uncertainties. Facing a trifecta...
Retirement is the phase of life we eagerly anticipate, a time for relaxation and enjoying the fruits of our labor. However, ensuring financial stability throughout retirement...
When does the journey towards retirement truly commence? The IRS’s provision for Catch-Up Contributions to your TSP at age 50 marks a pivotal milestone in your...
As you transition into retirement, it becomes crucial to grasp the extent to which federal income taxes are withheld from your TSP distributions. Failing to do...
Why does the IRS mandate Required Minimum Distributions (RMDs) from your traditional Thrift Savings Plan (TSP) once you hit 73? Simply put, it’s all about taxes....
For many, the prospect of retirement conjures a mix of anticipation and uncertainty. A prevailing reason behind the lack of retirement planning stems from a fundamental...
For years, the 80% rule has served as a cornerstone in retirement planning, dictating that you’ll require 80% of your pre-retirement income to sustain your lifestyle...
When preparing for federal retirement, overlooking the accuracy of your Official Personnel Folder (OPF) until the eleventh hour can prove to be a critical error. The...