Title | : | How To Pick Your Federal Retirement Date u0026 3 Common Mistakes |
Lasting | : | 13.12 |
Date of publication | : | |
Views | : | 31 rb |
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Does 20 taxes automatically come out of our pension, TSP withdrawels, and Social Security? Or do we have to tell them to do it? Comment from : Joy Narmore |
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You've been my #1 resource for several years now Dallen Here's a special annual leave and tax situation for retiring at the end of this year 2023 I'll have 440 hours of annual leave at the end of December The 27th pay period reaches all the way to Jan 13 2024 Do I need to retire at the end of December, or can I retire one week into January (still in the 2023 leave year) and have my A/L lump sum payout go against my 2024 taxes? Getting that lump sum in 2023 will put me into the next higher tax bracket I've already gotten plenty of "I think" and "probably" and "it should" responses from HR and colleagues I'm looking for a definitive confirmation of how my tax burden would be applied Huge thanks to you for this page Dallen Comment from : MJ Gee |
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Hello, I believe it was mentioned in the video that a link to federal pay calendars thru 2028 would be available, but I seemingly can't find it I did find the TSP link, though - thanks! Comment from : R Ro |
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Retired in 2021, Covid screwed up retirement payments Always have all your debts paid off, cash in the bank Live within your budget I’m very happy ✌️ Comment from : Bandito85fx |
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Just got introduced to this channel but already love it While I’m 50, I’m already thinking about what I need to do to retire by 63-64 Great info, thank you! Comment from : M Smith |
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Thanks for sharing the retirement dates Comment from : Juan Martinez |
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If you cash out your Annual Leave, is it taxed at a higher rate vs if you were to use it up? Comment from : REKAB |
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Another Great video! If I have more than 1000 hours SL I know this is applied towards years served but for how many years will this apply in the pension? Comment from : Lucky Penny |
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How accurate do you think those retirement calculators are? Comment from : Jerrold Frank |
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Does the chart that shows the beginning and end of the leave year for years 2020-2030 the same for postal employees? Or is the Postal schedule different? Comment from : Joe Raniolo |
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It’ll take 6-12 months to get retirement…also remember that NOBODY cares about your retirement but you…and the GS7 or GS9 at OPM sure doesn’t care about your retirement If you do what you’re supposed to do before retirement and it’s not there in a reasonable amount of timepick up your phone and immediately call your congress person… yo7 can call OPM until your heart is content, but they HAVE to respond to a congressional inquiry brIf you’ve been divorced make sure you submit a copy if your divorce decree, because OPM will just sit on your retirement paperwork if it’s not included… and they won’t contact you and tell you they need something to finish your retirement paper…thus, the nobcares about you retirement, but you Comment from : Tomahawk Tom |
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Can you do a video about sick leave service credit? I think people don't realize a day of sick leave is 58 hrs, not 8 hrs, for purpose of determining the number of sick days toward credit Comment from : Shauna Weatherly |
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I heard you can avoid an early withdrawal penalty if you choose to receive your funds on a regular distribution schedule if under 595 Can you explain how that works? Comment from : Bill Eastman |
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Your "date of final separation" would be the day before you retire? Comment from : Brian Clauss |
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If you retire Dec 31st, your lump sum gets paid in the next year when you are retired and make much lessso less tax Comment from : serapheum |
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Can you transfer service credits from state retirement system to federal retirement system? Comment from : rajesh singh |
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If you retire with the social security supplemental Is that sent at the same time as your annuity?? Comment from : The Big Ragu |
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What happens if you complete 20 yrs at the Fed govt job and you leave still less than 55 urs old can you get back your retirement when you turn 55 or 59 yrs old? Do you get ti keep health benifits too with Fers? Comment from : 23molene |
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Thank you for the great information and happy 2022 retirement! Comment from : Salah Global |
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