Federal retirement expert, Chris Kowalik, discusses the new guidance just released by the Thrift Savings Plan (TSP) with respect to the withdrawals and the loan options for participants affected by COVID-19. Is taking money out of your TSP account under these rules advantageous for you? Or, are there some hang-ups that you haven't considered? Chris will cover these four … [Read more...] about New TSP Withdrawal and Loan Options from CARES Act
FedImpact: Candid Insights for Your Federal Retirement
Chris Kowalik is a nationally recognized federal employee retirement benefits expert, and a frequent speaker and trainer for federal employee organizations and financial service firms throughout the country.
As the developer of the Federal Retirement Impact Workshop, Chris has analyzed the challenging retirement scenarios for thousands of federal and postal employees – helping them to avoid costly mistakes, and highlighting opportunities for them to gain greater financial security in their retirement years.
Federal retirement expert Chris Kowalik discusses the financial impact the coronavirus (COVID-19) is having on federal employees who are investors in the Thrift Savings Plan (TSP). The three main questions she addresses are: Is there a reason to panic? Should I rebalance my TSP because of this market downturn? Are there any weaknesses exposed in the TSP when we … [Read more...] about Volatile Market: The TSP and the Coronavirus
Federal retirement expert Chris Kowalik discusses the financial impact recent proposed changes to pay, benefits and retirement could have on both federal employees and retirees. Chris provides insight on the likelihood of whether each of the proposed changes may (or may not) happen -- plus some practical examples of how costly they could be if implemented. The benefit … [Read more...] about Understanding the Financial Impact of Proposed Benefits Changes for Federal Employees and Retirees
Federal retirement expert, Chris Kowalik, shares the advantages and disadvantages of the Lifecycle Funds (L Funds) within the Thrift Savings Plan . Key take-ways: What are the Lifecycle Funds -- and how are they different than the other funds in the Thrift Savings Plan? Some important challenges of the L Funds How the mixture of investments in the L Funds … [Read more...] about Pros and Cons of TSP Lifecycle Funds
Federal retirement expert, Chris Kowalik, provides some practical insight on how federal employees can prepare for income taxes in retirement. What you will learn: Why you likely won't be in a lower income tax bracket in retirement How various benefits are taxed: the CSRS and FERS pensions, survivor benefits, Social Security and the Thrift Savings Plan How … [Read more...] about How Federal Employees Can Prepare for Taxes in Retirement