Dallen Haws

1 week ago | fedsmith.com | Dallen Haws

One of the most critical yet often overlooked decisions in retirement planning is the order in which you withdraw funds from your Thrift Savings Plan (TSP). The topic we will be covering will go over withdrawal strategies if you have both traditional and Roth TSP money. The strategy you choose can have a massive impact on how long your savings last and how much you ultimately pay in taxes.

1 week ago | fedweek.com | Dallen Haws

The loss of a spouse is one of the most emotionally devastating events anyone can experience. For federal employees, grief is often accompanied by confusion and uncertainty around the complex web of federal benefits and survivor entitlements. Whether you’re currently employed or already retired, understanding what happens to your federal benefits if your spouse dies—or what your spouse is entitled to if you pass away—is critical for protecting your family’s financial well-being.

2 weeks ago | fedsmith.com | Dallen Haws

Most articles written about federal careers are aimed at employees nearing retirement, as this phase of life involves a multitude of critical financial decisions that shape the future. However, investing in your federal career early can make life much easier, both now and in the decades to come. Even if you’re retiring soon, it’s never too late to start implementing these strategies now. Here are six habits every federal employee should develop early in their careers.

3 weeks ago | fedsmith.com | Dallen Haws

As a federal employee, planning for retirement includes understanding how to manage taxes effectively. Whether you are currently working or retired, implementing smart tax strategies can help you keep more of your hard-earned money. This guide outlines some of the best tax-saving strategies for federal employees, with a particular focus on TSP withdrawals, Roth conversions, charitable contributions, and relocating to tax-friendly states.

4 weeks ago | fedweek.com | Dallen Haws

Federal employees have access to a wide range of unique benefits, from pensions to the Thrift Savings Plan (TSP), Social Security, and government-sponsored healthcare plans. With such an extensive benefits package, the question arises: Do federal employees need a financial advisor? The answer depends on several factors, including financial goals, complexity of benefits, and personal interest in managing finances.