Dan and Katelyn explore early federal retirement planning for women, reviewing various benefits and programs. They discuss the rise of TSP millionaires and offer insights on how to achieve this status. In both cases, they emphasize the importance of starting early.
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Katelyn emphasizes early retirement planning for women, noting the need to explore benefits and strategies for a resource-rich retirement. She highlights that women often live longer than men and face unique challenges with pensions and Social Security due to multiple societal roles. Katelyn also outlines key considerations for FERS, TSP, FEHB, HSAs, and Roth IRAs.
Dan explores the rise of TSP millionaires and shares insights on achieving this milestone. He emphasizes starting early and taking advantage of the contribution match, as well as the benefits of catch-up contributions after age 50. He warns against being overly conservative when young and stresses the need for proper asset allocation, along with the importance of staying the course through market volatility. Finally, he advises seeking professional help to build a diversified portfolio.
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