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Federal Employee and Military

Civil Service and Military Personnel have access to unique benefits available only to them. These benefits and retirement plans are constantly changing and require specialized knowledge and training from any financial advisor attempting to advise this unique group in planning for their future.

At Chaney and Marin FINANCIAL Planning, LLC, we believe the first step in planning for your future is to understand your current benefits and implement a strategy to leverage every possible benefit you are eligible for. As you approach retirement, you should understand the end result of retiring at various ages and address any shortfall in income, if any, that may occur.

There are advantages and disadvantages to leaving your money in the Thrift Savings Plan (TSP). The same applies to Individual Retirement Accounts (IRA’s) should you decide to transfer your funds. It is extremely important that you understand the pros and cons of both options prior to taking any action. More importantly, if you decide to transfer your TSP to an IRA at retirement, make sure you are working with an advisor who knows how to transfer your retirement funds properly. This is especially true when transferring funds to an IRA when you are listed as a beneficiary on the retirement account of a non- spouse. Special rules apply to Inherited IRA’s and a financial advisor knowledgeable in the area of retirement account distributions can help you avoid the mistakes and pitfalls that can cause unnecessary taxation and penalties.

If you are close to retirement, we offer a free Federal Employee Benefit Analysis to assist you in planning your retirement. This report will assist you in picking your retirement date; projecting your CSRS or FERS annuity; the longevity of your TSP based upon the various TSP options available and much more. We have decades of experience assisting Military and Civil Service Personnel in the area of retirement and general financial planning. To explore what we can do for you, simply reach out to us. We are here to help.


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