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Because of the 2017 tax law, many were surprised to learn that it no longer paid to itemize deductions that had been important in the past.
No matter how humble your salary, job, habits and possessions you have an estate.
Have you had your professional mid-life crisis yet? If not, this might be a good time to get it over with.
If you own a home, have a spouse, carry life insurance and invest in the Thrift Savings Plan, you probably need an estate plan.
Many long-time government workers and retirees are worth more dead than alive due to the variety of wealth they accumulate over a lifetime.
Most federal and postal TSP millionaires got that way by ignoring the ups and downs of the market despite the pre-Christmas plunge in 2018.
Hardly anybody joins the government planning to become rich but you could be well on the way to millionaire status if you meet a few key characteristics.
As more companies scale-back or more often eliminate retirement plans for their workers, the government’s benefits package looks better and better to many private sector employees. But all comparisons are relative.
This week's Your Turn guest is estate attorney Tom O’Rourke, a former IRS attorney who now works exclusively on things such as wills, powers-of-attorney, medical directives and trusts, which some would say most people should have.
Estate planner Thomas O'Rourke joins host Mike Causey on this week's Your Turn to discuss the best strategies for maximizing the amount of money you have in retirement, including how to prep for retirement and the advantages of both the traditional TSP and the Roth TSP. October 31, 2018
Few people have enough money to purchase a decent annuity but federal workers who contribute to their FERS and CCSRS plans get guaranteed lifetime income and can also provide a survivor annuity.
A secure financial future is even more likely if you know where you are now and where you are heading, as you get closer to that magic time when you could retire.
Having a secure financial future is even more likely if you know where you are now and where you are heading, as you get closer to that magic time when you could retire.
How does the 2017 Tax Act affect your tax and estate plan? Find out when Washington area estate tax attorney Thomas O'Rourke joins host Mike Causey on this week's Your Turn. February 14, 2018