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.

18:26

The Deferred Resignation Program 2 0

The Deferred Resignation Program for federal employees is back with a version 2.0. Seven Agencies relaunched this program to give federal employees a voluntary choice before RIFs are mandatory. This is more complicated because Agencies are involved instead of OPM. In this episode we… • Discuss the legality and the likelihood of keeping promises of the offers. • Share our insights on the various Deferred Resignation Agreements we have seen. • Offer Action Items to help you prepare. 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. 0:44 Introduction 3:42 Legality and Likelihood of Keeping Promises 9:17 The Big Picture 14:39 Immediate Action Items Referenced Links Ask Me Anything: The State of the Federal Workforce and Market Volatility Webinar on April 10th: https://us02web.zoom.us/webinar/register/6317425747775/WN_1ZMlAPBEQQWSMxDnX3L9KA Sign up for our newsletter to stay in touch: https://lp.constantcontactpages.com/su/xgAKqXR/Keepintouch OPM Memo on: Guidance on Agency RIF and Reorganization Plans Requested by Implementing The President’s “Department of Government Efficiency” Workforce Optimization Initiative: https://valorwealthpartners.box.com/s/efymc9lzd3i1u9ulh5bqq4di5u7n9i4t OPM’s Workforce Reshaping Operations Handbook. https://www.opm.gov/policy-data-oversight/workforce-restructuring/reductions-in-force-rif/workforce_reshaping.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/ 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

07:48

TSP Considerations - “THE PLAN” from DOGE

For most federal employees, your Thrift Savings Plan, or your TSP, is the largest bucket of money that you might have saved for your retirement. In some unique situations this might be your only source of reserves and income, and we will discuss how to think about this situation. Given the turmoil over the past few weeks over ongoing employment with the Federal government, we wanted to share a few thoughts about how to approach your TSP and what concerns need to be kept front and center. In this episode, we • Share our insights on how to think about your TSP allocation across funds. • Discuss how age and eligibility dictate access to your savings. • Offer some solutions on how to create safety in reserves. • Provide action items. 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. Chapters: 1:00 INTRODUCTION 1:12 IS THE TSP ACCESSIBLE TO YOU? 3:42 TSP ALLOCATION 4:56 RESERVES 6:50 ACTION TEMS Federal employees and their spouses are invited to complimentary educational workshops covering their federal benefits. For details, visit: https://fedimpact.com/VWP Referenced Links Ask Me Anything: DOGE & The Federal Workforce Webinar on March 13th: https://us02web.zoom.us/webinar/register/6617410255158/WN_jRtcK8F9T3uIi82QdNH9Ug Sign up for our newsletter to stay in touch: https://lp.constantcontactpages.com/su/xgAKqXR/Keepintouch TSP Loans: https://www.tsp.gov/tsp-loans/ Tax rules on TSP payments: https://www.tsp.gov/publications/tspbk26.pdf Taking money from your TSP account: https://www.tsp.gov/taking-money-from-your-account/ OPM Website – Reductions in Force: https://www.opm.gov/policy-data-oversight/workforce-restructuring/reductions-in-force Federal Benefit Resources: https://www.opm.gov/ https://www.tsp.gov/ 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

20:44

Reemployment and Retraining Programs - “THE PLAN” from DOGE

If you are let go through a Reduction in Force and still want to be part of the federal workforce, you have options. Knowing those options before you are subject to a RIF can give you a head start with various positions that may be available within and outside the government. In this episode we… • Review the various programs available to you. • Share the specific guidelines you need to follow. • Offer critical action items you should consider starting today. 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. Chapters 0:32 Special Webinar Invitation 3:05 Introduction 4:51 Reemployment Programs 16:21 Retraining Opportunities 17:16 Immediate Action Items Referenced Links Reemployment and Retraining Fact Sheet: https://valorwealthpartners.box.com/s/l2h4vlq47dgokf2qt7habpqdxa7en62b Ask Me Anything: DOGE & The Federal Workforce Webinar on March 13th: https://us02web.zoom.us/webinar/register/6617410255158/WN_jRtcK8F9T3uIi82QdNH9Ug Sign up for our newsletter to stay in touch: https://lp.constantcontactpages.com/su/xgAKqXR/Keepintouch OPM Website – Reductions in Force: https://www.opm.gov/policy-data-oversight/workforce-restructuring/reductions-in-force Protect yourself by Building Reserves video: https://youtu.be/Mqdkd4I653k eOPF Download Instructions from Dept of Commerce: https://www.commerce.gov/sites/default/files/2021-01/Downloading%20Your%20eOPF.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/ 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.