Dan and Katelyn discuss military buyback, including deposit percentages for CSRS and FERS, timing, and benefits like higher annuity payments, as well as Health Savings Accounts (HSAs), covering their advantages, Medicare impacts, and inheritance considerations.
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The Fed15 Podcast: Maximizing Military Service Buyback & Harnessing the Power of HSAs
Dan explains whether military buyback is worth it, covering the purpose, FERS and CSRS deposit percentages, and the best time frame for making the buyback. He highlights benefits like higher annuity payments and fewer TSP withdrawals, clarifies the difference between buyback and giving up military retirement, and outlines the buyback process.
Katelyn discusses the power of Health Savings Accounts (HSAs), explaining their benefits and differences from FSAs. She also addresses how Medicare Part A impacts HSA contributions, strategies to counter this, and why HSAs may not be ideal for non-spouse inheritance.
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