Page 27 - The Informed Fed--Hearn (edited 10.29.20)

Everyone and every situation is unique, especially when it comes to
structuring the federal employee benefits package. There are numerous
cultures, socioeconomic classes and personality types that interact on a
daily basis. The only thing about federal employees that is the same is
their benefits. The options on how to get the most out of those benefits
is full of variables. Here are some examples where variables can become
a problem when you take advice from “others”.
• Creditable service date
• The number of years an employee will word.
• The amount an employee commits to the TSP
• Spousal income

• The retirement of a spouse
• Investments outside the TSP
• Saving patterns and amounts
• Are there any inherited funds?
• Number of dependents
• Personal lifestyle
• Debt load
• Spending habits

• Health issues
• Spouse’s health issues
• Spouse’s insurance coverage
• Educational expenses
• Net assets

• Projected inflation rates at retirement
• Current and future tax bracket Current and future income
requirements
• Investment risk tolerance
• Your personal timeline (more discussion on this later)
• Support of elderly parents

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