Dan and Katelyn dive into the topic of federal employees taking on side gigs, discussing important considerations such as rules, regulations, compliance, taxes, deductions, and contributions. They also examine the best retirement dates between 2025 and 2030, offering insights into the rationale behind these optimal retirement windows.
Check Out Our Next FERS Webinar for Federal Employees -
The Fed15 Podcast: Navigating Side Gigs & Strategic Retirement Dates for Federal Employees
Dan discusses key considerations for federal employees thinking about taking on a side gig. He covers some important rules and regulations that govern outside employment, helping employees stay compliant with federal guidelines. He also explains how additional income can impact taxes, deductions, TSP contributions, and the potential use of Roth IRAs or SEP IRAs. Dan emphasizes the importance of checking your department's specific policies to avoid conflicts of interest and prevent future issues.
Katelyn explores the best times to retire, focusing on two key factors for FERS employees: the timing within the pay period and the optimal time of the month for pension calculations. She also explains the significance of Saturdays in this context and shares ideal retirement dates between 2025 and 2030. Katelyn addresses common income concerns and explains why December 31st is a popular retirement date among federal employees.
Like and Subscribe on YouTube at YouTube.com/FedLife
“Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Lee, Sipe & Associates, Inc. is not a registered broker/dealer and is independent of Raymond James. Content represents the opinions of the speaker and not necessarily those of Raymond James. Important Disclosure Information: http://raymondjames.com/smicd.htm.
