Six Steps to Retirement Implementation

The journey to federal employee retirement

• Also Read: What You Need to Know About New TSP Withdrawal Flexibility for Federal Retirees
• Also Read: FEDVIP in 2024—What Federal Employees Should Know Before Open Season
• Also Read: FEGLI Life Insurance: The Changes Federal Employees Should Know About Before They Head Toward Retirement

requires us to dig in our heels and do what we are used to doing — Getting the job done with precision and excellence.  Your things to do list is your visual task of letting you know the level of readiness and needed preparation to ensure your goals are reached.    We are in this place because retirement is in our not too distant horizon.  If you are thinking about retirement in the next 5 years plus, we have a reasonable amount of time to put plans in place.  Below is a list of 6 steps you must take within 5 Years of Retirement as part of your Short Term Retirement Planning goals.  Retirement is an emotional experience as is starting a new job, getting married, having your first child.  These are all major life events and there is no denying that they can be stressful.  However, if we approach any one of these events, as prepared as we can be, success is in our hands.

6 Steps to Implement Now!!!!

1. Increase your cash reserves
2. Pay down your debt
3. Estimate how much money you need to retire
4. Assess and evaluate tax consequences
5. Diversify your investments
6. Educate yourself

P. S.  Always Remember to Share What You Know.

Recommended Articles

For Postal Employees – LiteBlue and the TSP

Federal Retirement Benefit Analysis

The Thrift Savings Plan (TSP)

Is The Pension Survivor Benefit Best For You?  by Todd Carmack

A Little-Known Opportunity Can Increase Your Retirement Income.  by Mark Sprague