What Does Telework for Federal Employees Look Like Under a Harris, or Trump Administration?

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What is likely to happen with the federal government’s telework policies after the election? 

Since implementation of the Telework Enhancement Act of 2010, federal agencies have leveraged workplace flexibilities as a way to support an adaptable workforce capable of achieving objectives and navigating challenges and workforce needs, according to the U.S. Office of Personnel Management (OPM).

But what can federal employees expect with regard to telework following Election Day — under a new administration in place in January 2025 — with either Kamala Harris or Donald Trump as president? Follow link to read more from FedSmith. https://bit.ly/3NLWd7L

The Rise of TSP Millionaires: How Federal Employees Are Achieving Seven-Figure Savings

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The Rise of TSP Millionaires: How Federal Employees Are Achieving Seven-Figure Savings

In recent years, the number of TSP millionaires has been steadily rising, with nearly 117,000 federal employees now holding seven-figure balances in their Thrift Savings Plan accounts. This significant growth is largely attributed to strong market performance, disciplined long-term saving, and the power of compounding.

Whether you’re early in your career or nearing retirement, learning how to become a TSP millionaire can help you maximize your TSP. Here’s what you need to know. Follow link to read more from Servicing Those Who Serve. https://bit.ly/48o7NiX

How will the election impact my investments?

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As market volatility increases around election time you’re probably wondering, “How will the election impact my investments?” Please feel free to reach out to discuss any concerns you may have.

The Beneficiary Liquidity Plan Series. Are There Families Who Cannot Pay?

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The Beneficiary Liquidity Plan Series 

Are There Families Who Cannot Pay?

According to Phil Graham, Founder of The Beneficiary Liquidity Plan, sometimes, there is no one to pay for the funeral expenses. Perhaps the parent that passed away had money, but their children do not. Or, the children do not want to volunteer to pay even if they do have money. In rare cases, there is no family at all and a neighbor is the one left coordinating the final arrangements.

What Solutions Are Available? 

Some families must resort to the Department of Human Services. No one is excited about this solution and it also limits what services are available to the family. There are short-term loan businesses that offer funeral assistance, usually at a high interest rate. Funeral homes are less likely to accept the collateral assignment of an insurance policy, however there are third-party business that will for a fee, of course.

What Are the Funeral Expenses and What Is the Average Cost?

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What Are the Funeral Expenses and What Is the Average Cost?

Source: Phil Graham, Founder of The Beneficiary Liquidity Plan

Funeral home expenses often include professional services (embalming, use of facilities, service, etc.), merchandise costs (urns, caskets, vaults, headstones, etc.), and cash advances (flowers, musician, honorarium, death certificates, etc.). Families should plan to spend close to $10,000 for a burial and $6,700 for cremation services. The Beneficiary Liquidity Plan® helps to ensure families can pay for these expenses at any funeral home in the future.

Are There Additional Out of pocket Expenses for the Family?

Additional expenses can include travel costs for family members, celebration of life, luncheon, property taxes, putting a house on the market, etc. The Beneficiary Liquidity Plan® will give families access to money immediately for more than just the funeral service. Please call 856-401-1101 or contact us at www.franklinplanning.com to learn more.