Fed Pilot Podcast

Fed Pilot Podcast

di Kevin Jones

What if I change jobs?

Kevin suggests that people should not rely on blanket statements or general advice when it comes to buying back military time. Instead, they should evaluate their own situation and make an informed decision based on the specific details. The workshop provides an opportunity to do this and to ensure that the decision is the right one for each individual.

Military Buy Back - Yes or no?

Kevin encourages attending their workshop to gain a better understanding of the situation and make the right decision. Ultimately, the decision to buy back time from the military is up to the individual, and they should carefully consider their circumstances before making a decision.

Adding a new spouse to FEHB in Retirement?

Kevin explains that adding a spouse to health insurance and electing a survivor benefit in retirement are two separate processes. Getting married in retirement allows you to add your spouse to health insurance, but to keep the survivor benefit, you must elect it and start paying for it, even paying back missed premiums. It is recommended to attend workshops to better understand the complexity of the survivor benefit program.

Roth Conversions - To tax or not to tax

Kevin emphasizes that this type of conversion may not be the right move for everyone and recommends attending a workshop to learn more about the ins and outs of the process. He notes that it is a little complicated and requires careful consideration before making a decision. Overall, while the TSP does not allow for this type of conversion, it is possible to do so in a traditional IRA and can be a way to grow money tax-free over time.

Can I (Should I) work after federal retirement?

Kevin encourages individuals to attend their workshop to get specific questions answered and to gain a better understanding of the different avenues available to them. Ultimately, the decision to work a civilian job after retiring from the federal government is a personal one that should be carefully considered based on individual circumstances.

Can I add my Spouse to health care?

He emphasizes the importance of making plans for retirement and considering potential scenarios that may occur. By doing so, retirees can avoid unexpected situations and have contingency plans in place.

Why does the formula for sick leave change?

This video emphasizes the importance of understanding the changing rules around retirement benefits, particularly when it comes to sick leave. Speaker 1 encourages people to seek out help and attend workshops to ensure they have a clear understanding of how to calculate their retirement benefits.

Lifecycle funds not for old people?

Kevin discuss the common misconception about Lifecycle funds in retirement planning. He explain that despite the belief that these funds are only for younger people, they are actually designed for those who are about to retire.

Using or Storing Leave - Which is better?

Overall, Kevin advises that the decision on whether to use or store leave depends on personal goals. They encourage attendees to attend workshops to learn more about their options.

Can I still have Health Benefits if there is a break?

Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better.

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