#98 Do You Really Need Life Insurance in Retirement?
Plan Your Federal Retirement Podcast
Release Date: 03/11/2024
Plan Your Federal Retirement Podcast
It is time to discuss retirement planning, cash flow management, and potential retirement expenses! In this special episode, Micah leads a discussion with Floyd Shilanski, RCF®, a team of seasoned advisors,Christian Sakamoto, CFP®, and JT Ferrin, CFP®, to uncover the crucial aspects of retirement planning that are often overlooked. Let's tackle the critical topic of cash flow planning and tax considerations so you can learn how to ensure long-term financial stability. With predictable pensions and TSPs, creating a retirement timeline becomes key to managing finances effectively! With...
info_outline Military to Civilian TransitionPlan Your Federal Retirement Podcast
Hello, I appreciate your videos very much. I am active duty and retiring next year, intending on becoming a GS employee. Can you do one on the military to civilian transition with regards to TSP and other issues, besides buying back time? I have both Roth and Traditional military accounts, and I assume they will be separate from the civilian ones. Will the Rule of 55 apply to my military TSP if I retire at 48 and immediately join the federal service? Finally, I plan on working about years and buying back 4 years of Academy time to earn a 11% pension. My plan is to stop working at 55 and then...
info_outline The Hidden Tax You Need to Be Aware of in RetirementPlan Your Federal Retirement Podcast
info_outline Does Sick Leave Count as 5.8 Hours Day or 8 Toward Service CreditPlan Your Federal Retirement Podcast
info_outline #101 Secure Your Retirement with the Thrift Savings PlanPlan Your Federal Retirement Podcast
Are you ready to embark on a journey towards a secure retirement? Join our experts, Micah and Tammy, as they analyze advanced retirement strategies to help you achieve financial security in your golden years. From understanding the critical importance of tax planning to maximizing your TSP benefits and optimizing retirement income, they provide you with the knowledge and insights you need to navigate the complexities of retirement planning confidently. Whether it's an OPM update or a rule that you should be careful about, we've got it all covered. Don't let misinformation or...
info_outline How do I Calculate My High-3?Plan Your Federal Retirement Podcast
How do I calculate my high three? I was a FERS employee from 1991-2000 then returned to FERS in 2022. I am 58 with a total of 23 years of credible FERS retirement because I did a military buy back of my active duty time (I retired from the Army Reserve). I know I will be giving up my SRS, but I plan to quit working after 24 months in July 2024. Is my high three calculated based on the last 24 months and the highest 12 months from my previous FERS time back in the 1990s? Thank you so much. - Rich
info_outline Is Social Security Going to Run Out?Plan Your Federal Retirement Podcast
info_outline Tax Management: How to Withhold Taxes From Social SecurityPlan Your Federal Retirement Podcast
info_outline #100 Retirement Real Talk: Honest Conversations About Life After WorkPlan Your Federal Retirement Podcast
Are you ready to retire? Have you considered the emotional part of this journey? Are you and your spouse on the same page about your golden years and have the same expectations? Let's discuss long-term plans, the difficult situations that life can bring, and the importance of ensuring you enjoy your golden years and create memories with your family! Join hosts Micah Shilanski and Tammy Flanagan as they explore honest conversations about life after work. From financial planning to emotional preparedness, they cover it all, helping you navigate retirement gracefully and practically.
info_outline The Best Days to Retire in 2024 as a FERS Federal EmployeePlan Your Federal Retirement Podcast
info_outlineFederal retirees face unique challenges, from income replacement to tax considerations. But what about life insurance needs and survivor benefits?
In this episode, our experts, Micah and Tammy, dive into the importance of tailored life insurance planning to address individual circumstances effectively. Is life insurance necessary, or how much coverage is sufficient? How do you determine the appropriate amount of life insurance? And what about planning for the future and establishing the right goals for survivors' benefits?
Discover the significance of proper beneficiary designations to avoid complications and ensure assets are distributed according to your wishes. Whether you're married or single, grasping the financial impact of life insurance is paramount for retirees.
Tune in and uncover practical strategies that will guide you through this critical aspect of financial planning. Your journey towards financial security begins here.