Is the 3-legged stool enough? Question: I am contributing 5% to my TSP, getting the maximum agency match, and I’m also paying into Social Security and the Federal Employee Retirement System (FERS). Is that going to be enough to retire on? Answer: I want to answer this question on two levels. The first level will be
Facts: Unemployment reads 13.3%. The Fed Funds interest rate remains between 0% – 0.25% Q1 GDP read -5% according to the 2nd estimate. PMI contracted to a jaw dropping 43.1% The S&P 500 (C Fund) increased 4.76% during the month of May. Assessment: The above facts are improved compared to last month’s report. But, such positive
Thinking about taking Social Security early? Sounds like a good idea, however if you’re earning too much money while taking early Social Security, that can wipe out your benefits. Is there a way to have both? Can you get your Social Security and earn additional income at the same time? Join me in my upcoming
Facts: Unemployment reads 14.7%, with the most recent number of unemployment claims reaching 39 million The Fed Funds interest rate has been lowered to between 0% – 0.25%• Q1 GDP read -4.8% according to the first estimate. PMI contracted to a jaw dropping 41.5% The S&P 500 (C Fund) increased 12.8% during the month of
Long Term Care is a challenge to plan for. It’s a potentially large expense that can thwart the best of retirements. It’s the great “what if?” of retirement planning, and you’ll want to make sure you plan for it correctly. But the planning may not require a long term care insurance policy. Join my in my
Facts: Unemployment reads 4.4%, but unemployment claims reached 26 million, which would translate to 11% The Fed Funds interest rate has been lowered to between 0% – 0.25% Current GDP has not been released, but based on available data GDP is projected to decline -5.9% PMI contracted slightly, with the index reading to 49.1%. The
If there’s one thing Covid-19 has done to us all, it has changed our natural mode of operation and introduced a new dynamic into our lives. As such, things that we previously did without thinking are now being reevaluated. That can actually be a good thing! I want to harness this new perspective and apply
Facts before the Coronavirus meltdown: Unemployment came in at 3.5%. 4th Quarter GDP was 2.1%, according to the 2nd estimate. PMI expanded, with the index reading to 50.1%. The S&P 500 (C Fund) decreased -8.24% during the month of February. Projections after the Coronavirus meltdown: Unemployment range 9% – 30% !!!!! To put in perspective,
Watch Now – SHOULD YOU TAKE MEDICARE? Medicare Part B costs thousands of dollars a year. And they threaten you with penalties if you don’t take it. You already have FEHB. Do you need both?Watch my video – Should you take Medicare? In this video I explain: The costs of Medicare When you need to worry about
7 Financial Questions you’re probably asking yourself now These past few weeks I’ve been fielding questions from financially conscious people who want to know how to navigate the current economic environment. They know something big is happening but don’t know which way to run with it. They’ve heard the adage “when people are greedy, be
Urgent Webinar on Market Volatility with Stephen Zelcer I know, the market is in free-fall. I am having these client conversations everyday. I want to share with you what I’ve been telling my clients, and also give you the action steps that I’ve been giving my clients. Join me in this urgent, timely webinar, watch
What’s better: Roth or Traditional? Roth versus traditional. Better to pay the taxes now and no tax later, or better to pay no tax now and all the taxes later? This decision is relevant both when employed and also in retirement. In my upcoming webinar we will explore: Who should do Roth and who should
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