Guidance for Your Federal Benefits
Navigating the complexities of federal benefits can be overwhelming, especially when coordinating your Thrift Savings Plan (TSP),FEHBP healthcare benefits, FEGLI options, and FERS/CSRS income expectations. At YTS Wealth Management, we specialize in providing tailored wealth management services to federal employees and retirees, government contractors, and military personnel. Our mission is to simplify the process, ensuring you make informed decisions that align with your financial goals and maximize your benefits through our mission to serve those who serve.
Thrift Savings Plan (TSP) Management
The TSP is a critical component of your retirement strategy. Our team of experts will guide you through:
• Investment Strategies: Understand the various funds within the TSP, explain each fund's holdings, create reasonable return expectations, and coordinate these factors to achieve your retirement goals.
• Contribution Planning: Determine the optimal contribution rates and catch-up contributions to enhance your retirement savings while considering your current and future tax liabilities.
• Withdrawal Strategies: Explore options for withdrawing funds before and during retirement, including minimizing future taxes and optimizing required minimum distribution (RMD) obligations.
Federal Healthcare (FEHBP) Guidance
Understanding and utilizing your federal healthcare benefits is essential for your overall well-being. We provide comprehensive support with the following:
• Plan Selection: Analyze your options under FEHBP and guide you in choosing the plan that best meets your needs.
• Benefit Coordination: Ensure that your healthcare plan integrates effectively with other benefits, including dental and vision coverage, and provides options in your residential location.
• Cost Management: Strategies to manage out-of-pocket expenses and maximize your healthcare benefits.
Federal Employees' Group Life Insurance (FEGLI) Planning
Life insurance protects your family from unexpected events and can be essential to your wealth accumulation stage. Moreover, it can also be a powerful tool for leaving a lasting legacy.
• Plan Election: Evaluate the additional coverage options available outside of Basic, and how you can use these options to protect your family.
• Needs Analysis: Understand the amount of insurance that is right for you based on your needs, family situation, and legacy goals.
• Benefit Reduction Alternatives: Explore alternative funding structures available for your family to maximize the income or funds left to them.
Why Choose Us?
• Local Expertise: We deeply understand the unique needs and opportunities for federal employees and retirees in this region and can, in most cases, meet in person if desired.
• Personalized Service: We take the time to understand your financial situation and tailor our advice to meet your needs.
• Comprehensive Approach: Our services go beyond TSP, healthcare, and life insurance. We offer holistic financial planning to help you achieve your broader financial goals, incorporating all aspects of your unique benefits package and pension.
Schedule a Consultation
Ready to take control of your federal benefits options and financial future? Contact us today to schedule a consultation with one of our advisors. We'll work with you to create a customized plan that maximizes your government benefits while holistically aligning with your lifetime financial objectives.
