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Dmason Financial Planning Tools

Dmason Financial Planning Tools
by GABRIEL MARTINEZ - Monday, July 12, 2021, 1:51 PM

Dmason Financial tools can help you with TSP, Retirement, and Financial Planning.

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No need to wait for seminars. Self-paced, training tools on AgLearn can help you understand Federal benefits and make plans to manage and invest your money to fund the lifestyle you choose. Recent updates include a new "Ready to Retire" course, changes due to the SECURE and CARES acts, and the new L funds.

Make your financial/retirement plans to secure your financial future with step-by-step guides written by Debbie Mason, a CERTIFIED FINANCIAL PLANNER professional.

Financial planning checklist:
  • Are you meeting your financial goals?
  • Have you paid off credit cards or other debts that you hoped to?
  • Have you kept within your budget?
  • Do you have an emergency fund?
  • Have you contributed the maximum amount to your TSP?

Take time now to get a grip on your finances
Be Money Smart Take Charge Now (DMASON 125)

Within one year of retirement? How can you have more after-tax money to spend? New
  • Will you have enough cash flow for your retirement plans without running out of money?
  • How can you create tax-efficient cash flow from savings to add to your other income sources (e.g., CSRS, FERS, Social Security)?
  • Should you change your investment allocations when you retire?
  • Would Roth conversions benefit you?
  • Have you planned for long-term care and estate transfers?

Take time now to make a retirement investment and cash flow plan
Ready to Retire? Tax-Smart Investment and Cash Flow Planning (Dmason 140)

Within 10 years of retirement? How much cash flow will you want from savings?
  • Will you have enough cash flow for what you want to do?
  • Do you need to reduce debt or increase savings to fund your goals?
  • Have you maximized your TSP and other tax-smart savings?
  • Have you looked at potential cash flow from TSP/IRA withdrawals?
  • Do you need to adjust investment allocations for short-, intermediate-, and long-term goals?
Have you reviewed your financial goals and savings needed lately?
  • Have you estimated income needs and savings growth over time?
  • Are you maximizing your TSP and other tax-smart savings?
  • Have you compared tax-smart saving options — TSP, Roth TSP, IRAs, Roth IRAs?
  • Do you know which investments are best for short-, intermediate-, and long-term goals?
  • Do you need help planning for child education, long-term care, or estate transfers?

(Edited by DANA DEROUCHEY - original submission Monday, July 12, 2021, 11:51 AM)