The Retirement Process It’s never too early to start planning for retirement to achieve the lifestyle that fits your dream. I like to start by determining your estimated “fixed” expenses in retirement and your “wants” expenses. What do you want to do in retirement – travel, take tennis, golf, cooking lessons, garden, exercise, dine out, […]
Federal Employee Survivor Spousal Checklist By Carol Schmidlin During a recent retirement class, I was asked if there was a checklist available to guide a surviving spouse navigating what is required of them to obtain spousal benefits. There is not a checklist that I am aware of, so I said that I would attempt to […]
IRA ROLLOVERS AND REQUIRED MINIMUM DISTRIBUTIONS: TODAY’S SLOTT REPORT MAILBAG QUESTION: At age 80, after I take my required minimum distribution (RMD), can I then do a rollover from my IRA to my Roth IRA? If I can, is there a limit as to how much? I know that it is all taxable. Thanks, John […]
OPM’s Retirement Backlog Hit an 8-Year Low Last Month Efforts to streamline the processing of departing federal workers’ retirement applications continue to pay dividends, as the inventory of pending claims hit the lowest point since 2016. The government’s backlog of pending retirement claims from federal workers hit an eight-year low last month. The Office of […]
May TSP Returns: Significant Gains With One Fund Up 11.2% in 2024 One TSP Fund—the most widely held Fund—is up 11.2% (so far) in 2024. Only one TSP Fund is down. TSP Funds End Rally on Final Day of the Month The three major stock indices all posted gains in May. A significant rally on […]