Federal Employees

Federal benefits are often confusing and complex. We show federal employees how proactive benefit decisions can positively affect their retirement and overall financial situation.

Federal employees are severely underserved when it comes to their financial planning. Fewer than 50% have calculated how much they need to save for a comfortable retirement, and less than 25% have ever worked with a financial professional.

Common concerns we address with Feds:

Through extensive training, our firm is well-versed in the particulars of these various federal benefit programs. Our guidance helps federal families make the most of these benefits—both while working and in retirement. Our goal is to always provide credible, top-notch financial planning services to our clients.

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VISIT OUR YOUTUBE CHANNEL

We are dedicated to educating federal employees on how to maximize value from your complex and often underutilized benefits. These videos go beyond talking about your benefits and provide practical suggestions on how to apply them in your everyday life. They simplify overwhelming topics by combining unbiased analysis of your amazing benefits with proven financial planning tactics.

04:11

FEGLI or Federal Employees’ Group Life Insurance Overview Part 1 of 3

Federal Employees’ Group Life Insurance, or FEGLI, is an important benefit that many employees might set and forget. Like all benefits, it is important to be educated about the benefits you receive but more importantly to evaluate your needs and adjust as needed. Welcome to Financial Planning 4 Feds. We are dedicated to educating federal employees on how to maximize value from their government benefits by developing and executing a financial plan. 0:56 Introduction 1:11 Types of life insurance 1:41 FEGLI Overview 2:25 Details on Your FEGLI Options Visit this link for more information on FEGLI from OPM: https://www.opm.gov/healthcare-insurance/life-insurance/ Federal employees and their spouses are invited to complimentary educational workshops covering their federal benefits. For details, visit: https://fedimpact.com/VWP Federal Benefit Resources: https://www.opm.gov/ https://www.tsp.gov/ https://www.myfederalretirement.com/category/podcasts/ https://www.myfederalretirement.com/ https://www.fedsmith.com/ Would you like to know more? https://www.valorwealthpartners.com/ https://www.linkedin.com/in/smithec/ https://www.linkedin.com/company/valor-wealth-partners https://www.facebook.com/ValorWealthPartners

17:36

10 Biggest TSP Missteps

The Thrift Savings Plan is one of your best benefits as a federal employee. Unfortunately, not everyone is making the most of their TSP. In this episode we share 10 of the biggest TSP missteps we have seen over the years, so you can save money, time and feel more confident in how you are saving for retirement. Welcome to Financial Planning 4 Feds. We are dedicated to educating federal employees on how to maximize value from their government benefits by developing and executing a financial plan. 0:40 Intro 1:15 None or outdated beneficiaries 2:33 Missing the full match 4:05 Treating the TSP in retirement the same as when working 5:16 Allocation not meeting your comfort for volatility risk 6:42 Overreliance on Lifecycle Funds 7:45 Ignoring your TSP for years 8:40 Not considering a TSP Loan as a solution 9:44 Underutilizing tax strategies 11:38 Overfunding when younger or not financially secure 13:55 Believing cheaper is better 16:00 Bonus Tip Links mentioned in this video: TSP website: https://www.tsp.gov/ 3% Benefit of using a financial professional: https://www.morningstar.com/content/dam/marketing/shared/research/foundational/831611-GammaEfficientPortfolio.pdf Federal employees and their spouses are invited to complimentary educational workshops covering their federal benefits. For details, visit: https://fedimpact.com/VWP Federal Benefit Resources: https://www.opm.gov/ https://www.tsp.gov/ https://www.myfederalretirement.com/category/podcasts/ https://www.myfederalretirement.com/ https://www.fedsmith.com/ Would you like to know more? https://www.valorwealthpartners.com/ https://www.linkedin.com/in/smithec/ https://www.linkedin.com/company/valor-wealth-partners https://www.facebook.com/ValorWealthPartners

14:19

5 Ways to Maximize Your FEHB Plan

Most federal employees don’t know where to go for competent advice on their Federal Employee Health Benefits. We enjoy finding the inefficiencies and best practices to make the most of your federal benefits. Today we share our insights on FEHB. Welcome to Financial Planning 4 Feds. We are dedicated to educating federal employees on how to maximize value from their government benefits by developing and executing a financial plan. In this episode we will go over: • Share our favorite tool for comparing FEHB plans and • Provide 5 of the best ways we have found to maximize your FEHB 0:44 Intro 1:09 Tools to Compare FEHB Plans 3:18 High Deductible Health Plans 6:09 Complacency with Your Current Plan 7:58 Evaluating Your Current Plan for Changes 9:50 Evaluating Medicare and FEHB Options 12:05 Understanding Dental and Vision Plans Links Mentioned in this video: OPM Comparison Tool: https://www.opm.gov/healthcare-insurance/healthcare/plan-information/compare-plans/ Consumer Checkbook FEHB Comparison Tool: https://www.checkbook.org/newhig2/year25/membership/orderonline.cfm Medicare Analysis Help: https://www.65-incorporated.com/ Federal employees and their spouses are invited to complimentary educational workshops covering their federal benefits. For details, visit: https://fedimpact.com/VWP Federal Benefit Resources: https://www.opm.gov/ https://www.tsp.gov/ https://www.myfederalretirement.com/category/podcasts/ https://www.myfederalretirement.com/ https://www.fedsmith.com/ Would you like to know more? https://www.valorwealthpartners.com/ https://www.linkedin.com/in/smithec/ https://www.linkedin.com/company/valor-wealth-partners https://www.facebook.com/ValorWealthPartners

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We are proud to partner with ProFeds to serve you better

Because of the complexities of federal benefits, we work with the team at ProFeds to keep us up-to-date on your changing benefits. ProFeds is a nationwide support structure for financial professionals serving federal employees. The ProFeds team provides tailored training to financial professionals on the unique complexities of federal benefits to help them provide credible, educational financial planning services to their federal clients. ProFeds is proud to be a federal contractor and make this workshop available free‐of‐charge to federal agencies exclusively through financial professionals in the nationwide ProFeds network.

ProFeds has developed unique workshops helping federal employees apply what they are learning in the classroom to their own situation. Instead of teaching at a very technical level regarding the benefit rules, they aim to educate employees to know the financial impact of retirement and benefit decisions, and to make those decisions carefully based on sound information.

During the Workshop

While federal benefits are often confusing and difficult to interpret, ProFeds is able to break down complex concepts into easy‐to‐understand language to show employees how proactive benefit decisions can positively affect their overall financial situation.

Following the Workshop

Valor Wealth Partners offers each employee an opportunity to meet, to review their specific situation and develop a personalized Federal Benefits Analysis together. This analysis helps to demonstrate the value of their benefits and identify key decisions to be made as they move closer to retirement. This benefits review is offered at no cost and no-obligation to the agency or employee.