The Fed15 Podcast: Planning for Retirement–TSP Withdrawals and FEHB Considerations

Katelyn covers how to avoid common pitfalls when withdrawing from your TSP, offering valuable insights into the three main withdrawal options. She starts by explaining the process of a full withdrawal, followed by a detailed breakdown of partial withdrawals and, finally, the installment option. For each option, Katelyn explores the key features, highlighting the pros and cons, as well as sharing best practices to help you make an informed decision.

Dan focuses on FEHB in retirement, explaining when you can continue your coverage after you retire. He highlights how deductions may change, shifting from bi-weekly payments while working to monthly payments in retirement. Dan also covers the options for maintaining coverage—whether it’s for family, self plus one, or self-only—and the flexibility to make changes during open season. Additionally, he discusses the option of considering a Medicare Advantage plan within FEHB for further coverage in retirement. He also emphasizes key considerations, including the tax implications to keep in mind and the importance of planning ahead.