Age 60 + Federal Pension + $1M Saved: The 5 Decisions Most People Get Wrong
About this episode
This episode discusses five critical decisions federal employees should make before retiring at age 60 with a FERS pension and significant savings.
Federal retirement planning at 60: if you're a year or two from retiring from federal service with a FERS pension, Social Security, and about $1M saved in your TSP, here are 5 decisions to make before you retire — so you stop asking "Am I okay?" and start building the retirement you actually want. This covers income order, TSP taxes and RMDs, Roth conversions, FEHB and Medicare timing, and IRMAA — gaps many federal employees miss before retiring. Apply for a Retirement Consultation: https:/...
People in this episode
Host: Charles Dzama
Topics covered
- federal retirement planning
- FERS pension
- TSP savings
- retirement decisions
- Social Security
- health benefits
- tax implications
Keywords
- federal retirement
- FERS
- TSP
- retirement planning
- Social Security
- Medicare
- RMDs
- Roth conversions
- IRMAA
Mentioned in this episode
Organizations: FERS, TSP, FEHB, Medicare, IRMAA
More episodes of Federal Employees Retirement & Benefits Podcast by CD Financial
- Federal Retirement Acronyms Explained: FERS, CSRS, TSP, FEHB, SRS & More
- FERS Annuitant vs. Annuity: Federal Employees Get These Two Confused
- Federal Retirement Acronyms Explained: FERS, FEHB, FEGLI, CSRS, High-3 & More
- The Financial Vocabulary That Intimidates Retirees — Decoded (Roth, RMDs, Capital Gains)
- $1M Saved But No Written Income Plan? Here's Your Problem
- Federal Retirement Mid-Year Check-In: Are You Still on Track to Retire within 5 Years?
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