I am excited to announce that you now have access to AssetLock® Personal, a FREE (No Fee) service that will support the success of your employer-sponsored retirement plan(s) as well as your investment accounts. This is compliments of Martin Hearn and Hearn Wealth Management LLC.
Managing finances properly is mainly common sense. While we’ve all made financial mistakes, most of those mistakes are easily rectified, particularly when promptly corrected. However, there are some financial decisions that can be much harder to recover from. Here are just a few of them:
This information should answer some frequently asked questions about changes to the TSP withdrawal options associated with the passage of the TSP Modernization Act (PL 115-84).
Questions and Answers about Changes to TSP Withdrawal Options
What’s going to change?
OPM’s Role in the Retirement Process
If your retirement application has cleared your agency’s personnel and payroll offices within 30 days, you well are on the way to being placed on the annuity roll. However, be aware that staffing shortages or an excess workload in your agency may slow that process.
Your Agency’s Role in the Retirement Process
Getting Started on the Retirement Process
You should begin planning for retirement at least a year ahead of the day you expect to retire. However, an early retirement offer, a “buyout,” or a RIF can motivate you to make a quick retirement decision. In either case, you need to wisely use the time you have to plan ahead.