Dan and Katelyn discuss how federal employees can think more strategically about Roth TSP conversions and determining how much they actually need to retire.
Katelyn explains the new Roth TSP in-plan conversion option and the key tax considerations federal employees should understand before converting. She breaks down how conversions are taxed, how Roth TSP withdrawals are treated, and why the “five-year rule” matters when determining whether distributions will be tax-free or subject to penalties.
Dan explores a common retirement planning question: how much is enough to retire. He explains why the traditional 70-80% salary rule can fall short and introduces the 25x rule as a more practical way to estimate savings needs. He also discusses building an income floor with pensions and Social Security, using investments for flexibility, and stress-testing retirement plans to prepare for taxes, market changes, and unexpected expenses.
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The FedLife Podcast is your in-depth, biweekly deep dive into the world of federal benefits and retirement planning. Hosted by federal benefits expert Ed Zurndorfer and Dan Sipe of Serving Those Who Serve, each 30-minute episode unpacks the complexities of FERS and CSRS retirement, FEHB and Medicare, survivor benefits, tax planning, and more. Designed for federal employees and retirees who want more than just the basics, FedLife goes beyond the headlines to explore the rules, nuances, and strategies that can make a meaningful difference in your retirement. Remember: it’s your Fed life, make it a great one.
The Fed15 Podcast is your weekly 15(ish)-minute briefing on federal benefits and financial planning, built specifically for federal employees and retirees. Hosted by Dan Sipe and Katelyn Murray of Serving Those Who Serve, each episode delivers clear, actionable guidance on topics like FERS and CSRS retirement, TSP strategies, FEHB, survivor benefits, tax planning, and more! Whether you’re five years from retirement or already there, The Fed15 helps you cut through the noise, avoid costly mistakes, and make confident decisions about your federal benefits.
