Dan and Katelyn explore the possibilities and key considerations for federal employees interested in working remotely from overseas. They cover benefits, healthcare, and taxes. Additionally, they discuss the common pitfall of contributing your full TSP limit too early in the year, which could result in missing out on significant matches and not fully maximizing your TSP contributions.
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The Fed15 Podcast: Can Federal Employees Be Successful Expats? Plus, TSP Contribution Pitfalls
Katelyn discusses key considerations for federal employees interested in remote work abroad or adopting a nomadic lifestyle. She covers essential topics such as payments, healthcare coverage (including FEHB and Medicare), affordability, and tax implications. She also highlights the importance of consulting financial professionals when planning an expat lifestyle. Finally, she addresses Social Security benefits and stresses the need for thorough research before making this transition.
Dan explains the importance of making contributions every pay period to receive the full TSP match. He highlights how contributing the full limit too early in the year can cause you to miss out on these matches. Dan shares helpful tools and resources to track your contributions and emphasizes the need to monitor and adjust to maximize TSP growth. Finally, he provides tips for optimizing your contributions throughout the year.
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