Katelyn and Dan discuss how federal employees can create more tax flexibility in retirement and prepare for one of the largest potential retirement expenses: long-term care.
Katelyn explains how a tax diversification strategy can help federal retirees manage taxes more effectively throughout retirement. She breaks down the three tax buckets-taxable, tax-deferred, and tax-free accounts-and discusses how using each strategically can help reduce tax liability, manage Medicare IRMAA surcharges, navigate Social Security taxation, and prepare for required minimum distributions (RMDs). She also shares practical considerations for building a flexible retirement income plan.
Dan covers the growing challenge of long-term care planning for federal retirees. He reviews current long-term care costs, discusses the status of the Federal Long Term Care Insurance Program (FLTCIP), and explains different ways retirees fund care, including self-insuring, private insurance options, and Medicaid. He also walks through how to estimate a personal long-term care funding gap, common planning mistakes, and steps federal employees can take now to better prepare for future care needs.
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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.
