Retirement savings play a crucial role in securing our financial future. As a veteran, former federal employee, or someone with a thrift savings plan, you have taken the first step towards a secure re
What to Do with Old TSP Accounts: A Guide for Federal Employees and Veterans
As federal employees and veterans, you may have accumulated funds in your Thrift Savings Plan (TSP) accounts over the years. But what should you do with these old TSP accounts? In this guide, we will
Active Investing vs Passive Investing: A Comparative Analysis
Investing has become an essential part of financial planning, allowing individuals to grow their wealth and achieve their financial goals. However, when it comes to investing, there are two primary ap
“I’ve retired from the Military, now working for Lockheed Martin, what should I do with my old TSP?”
If you have left government or military service in recent years, then there is a good chance you still have a Thrift Savings Plan or TSP account in your name. One great option is to roll your old TSP
How to plan for Capital Gains or Losses
Capital gains and capital losses are a common aspect of investing. Whether you are an experienced investor or just starting to dip your toes into the market, it’s important to have a plan in place to
The Psychology Behind Spending Money
The Psychology Behind Spending: Why We Think $30 a Day is Fine but $30 a Month Feels Like a Burden It’s a common scenario: we’ll easily spend $30 on a meal, coffee, or entertainment without a second t
What is a Required Minimum Distribution and when do I start taking them?
As individuals plan for retirement, understanding the intricacies of financial regulations becomes crucial. One such regulation is the Required Minimum Distribution (RMD), which outlines the minimum a
Effective Withdrawal Strategies to Make Your Money Last
Managing your finances during retirement is crucial to ensure a comfortable and secure future. One key aspect of retirement planning is developing effective withdrawal strategies that can help your sa
Comparing College Savings Plan Vehicles
When it comes to saving for your child’s education, there are several options available. Two popular choices are 529 college savings plans and Uniform Transfer to Minor Act (UTMA) accounts. In this ar
A Guide to Determining the Ideal Emergency Fund Size
Having an emergency fund is a crucial aspect of financial planning. It acts as a safety net, providing you with peace of mind and financial security during unexpected situations. However, determining