Q. My family and I are covered by the federal BCBS program through my federal position. My wife who is older will be 65, ( I am 57) in a couple of months and has just filed for Medicare A coverage. I asked the local BCBS rep for our agency when and whether she would need to file for the Medicare part B. The BCBS rep said when I retire she would need to file then for Medicare B coverage. My question is, would having and paying for Medicare B with the BCBS policy be redundant coverage? Your elaboration would…
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Q. My husband and I signed up for the FLTCIP package a little over 10 years ago and are now in our early 70s. I’ve set money aside from my inheritance to pay for the premiums, as they would be unaffordable otherwise. The money I set aside should have been enough to cover 30 years of premiums, but if we can continue to expect huge premium increases every seven years, I will run out of money before I really need the coverage. Please steer us to resources that can help us make the right decision; i.e., whether to keep one…
When you’re investing for goals, like retirement income, that may be many years off — it can be easy to lose sight of those objectives and become distracted by what’s happening at the moment. Nothing provides investors with a better opportunity to make this mistake than market volatility. Your investment portfolio has been growing nicely and fairly steadily for years and then, for no clear reason and without warning, its value falls — far and fast. One day, you felt good about your TSP’s prospects for supporting a nice standard of living in retirement, and the next day, your confidence…
Q. I am planning to retire sometime in 2016 with more than 40 years of service. I have been reading about the voluntary contribution program and have opened a VCP account with OPM. I am currently waiting to get a determination of how much I can contribute to the program. My plan is to contribute to the program and then roll over the contributions to a Roth IRA. Can I immediately roll over the entire amount deposited into the VCP to a Roth IRA? I am 60 years old, so the 59 ½ year age-withdrawal restriction would not apply, but would…
Q. I am 68 years old and do not want to touch my TSP account until I have to at 70½ years old. What percentage will I be required to take when that occurs? I currently have my money in the L Income Fund. Which L Fund do you recommend for me at this point and time?
Q. I am retiring at 62 with 41 years of federal service. I plan on leaving my TSP monies in my TSP account and taking a monthly withdraw. I’ve been told that if I pass away, my remaining TSP balance will be lost and not given to my wife who is the first beneficiary. Is that true?
Q. I have a big chunk of money in the TSP G Fund. Now that the interest rate hike is imminent, I need to find out a way to preserve the capital.
Q. Is it possible to refinance a TSP loan I got about a year ago? I’m having a hard time adjusting my budget to pay over $400, and my cost of living has increased.
Q. I am a FERS federal employee with 29 years of service. I am seeking a qualified federal retirement planner who can assist me. Is there a list of professionals I can select from?
Q. I have a suspicion: A speaker for MyFEDBenefits at MyFedBenefitsHelp.com was at my union meeting for the National Association of Letter Carriers. This speaker talked all about helping us with our benefits. I asked him why he didn’t mention how he gets paid. He said he was going to tell us like he always does but when he left he never did. What got me suspicious was when he said we could roll our TSP into one of his approved IRAs. This suggestion required me to speak up and tell everyone that the TSP has the lowest fees around and to read the Mike…