Fed Pilot Podcast

Fed Pilot Podcast

by Kevin Jones

The SRS & The Earnings Test

In this transcript, Kevin addresses a question about the impact of working while receiving Social Security benefits. He explain that if someone retires at 62 and starts drawing Social Security, they may still work, but there is an earnings test that can result in a penalty.

How Divorce Affects Retirement

Kevin discusses the impact of divorce on federal benefits such as the Thrift Savings Plan (TSP) and pension. He clarifies that while divorce can often affect these benefits, it is not always the case.

You're Asking the Wrong FEGLI Question

In this transcript, Kevin discusses a question posed in one of their workshops regarding life insurance. The person asking the question is 62 years old with considerable savings and no spouse to leave money to after their passing.

TSP: Just Because You Can Doesn't Mean You Should

In this transcript, Kevin addresses a question about whether it is better to put money into an IRA Roth or a TSP Roth for someone who is retiring in one year.

Roth IRA or Roth TSP? Which is better?

In this transcript, Kevin addresses a question about whether it is better to put money into an IRA Roth or a TSP Roth for someone who is retiring in one year.

Cancer & FEGLI

Kevin discusses the availability of life insurance through FEGLI for individuals with cancer. He explains that while FEGLI may become expensive over time, it remains an option for those who already have it, even if they develop cancer.

Can you take Medicare Part B at Anytime?

Kevin addresses a question about Medicare Part B and emphasizes the importance of proper planning. He explain that individuals cannot obtain Medicare Part B before the age of 65. Once they reach 65, they have the flexibility to decide when to enroll, even beyond the age of 100.

Retirement - Can you add to your TSP?

Kevin addresses a common misconception about adding money to the Thrift Savings Plan (TSP) after retirement. He explain that once retired, individuals cannot contribute additional funds to their TSP, even if they have inherited money or wish to continue saving.

Survivor Benefits for Spouse By Default

Kevin discusses the survivor benefit program for federal employees. It is automatic for married employees, but their spouse can elect to receive a lesser or no amount of benefits by signing a form and having it notarized.

Not a Full Retirement?

Kevin addresses the issue of exceptions in retirement planning. He discuss a specific scenario where an individual is 62 years old with only 15 years of service, but wishes to retire.

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