Retirement Planning Services for Federal Government Employees in Florida

Understand the dynamics of the Federal Employee Retirement System and the Civil Service Retirement System plans from the best financial advisors for federal employees in Florida. Take control of your future and make the right investment decisions with our expert guidance.

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About Us

Empowering Retirement Decisions to Support Your Financial Future

PSR Assurance has the best retirement consultants for federal employees in Florida.

Get the latest updates and news related to federal employees’ retirement and financial benefits.

Unlock the possibilities of tax-free income and invest in the best insurance plans to maximize returns from your Thrift Savings Plan funds.

We curate the best strategies to help you achieve your retirement goals one step at a time.

Briefly glance through the rules and benefits of FERS and CSRS programs like the Thrift Savings Plan, TSP Rollover, Federal Employees’ Health Benefits, Social Security Benefits, and Federal Employees’ Group Life Insurance.

Simplify your federal employment journey with our expert guidance!

Retirement & Financial Planning Services in Florida

Simplify your federal employment journey with our expert guidance! Request a free consultation with us.

Thrift Savings Plan (TSP)

Learn about the different Thrift Savings Plan funds and the rates of return on each of them. Explore the differences between the Traditional vs. ROTH Thrift Savings Plan account types.

TSP Distribution

Navigate the TSP distribution options and rules to minimize financial risks and maximize retirement income for your future. Consult with us to get monthly returns.

Federal Employees’ Group Life Insurance Program (FEGLI)

Check out the benefits of the FEGLI for federal employees and their families. Navigate the different options within this life insurance program to grow your funds.

Office of Personnel Management (OPM)

Find out how the Office of Personnel Management protects the retirement benefits, health insurance benefits, and interests of federal government employees.

Department of Veterans Affairs (VA)

Identify the eligibility criteria for disability and healthcare benefits for federal employees from the Department of Veterans Affairs.

Rollover

Understand the TSP Rollover options such as rollover IRA, ROTH IRA, and Traditional IRA. Get the best rollover strategies with our expert assistance.

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Security-Oriented Financial Advice for Confident Retirement

Connect with our financial planning experts for federal employees in Florida and maximize your retirement returns. We work hard to grow your retirement funds and hard-earned money with a custom financial roadmap and protect your assets in the long run. PSR Assurance offers retirement consultancy throughout 20 US states and serves more than 10,000 federal employees.

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Frequently Asked Questions

There are 4 calculator options for the Thrift Savings Plan account to determine different retirement funds. These include –

  1. Retirement Income Modeler – A calculator that uses the account information of federal employees to identify their savings goals.
  2. Federal Ballpark Estimate Calculator – A device formulated to determine the coverages of federal employees within the CSRS and FERS plans.
  3. Contribution Calculator – A calculator to determine the contribution to TSP accounts for maximum benefits upon retirement.
  4. TSP Annuity Calculator – Determine the annuity amounts payable to federal employees each month provided they purchase a TSP annuity on a partial or complete basis.

Get maximum benefits from retirement planning in Florida with exclusive financial planning for federal government employees. 

Here are the effective steps to find the best financial advisors for federal employees in Florida –

  • Visit the Certified Financial Planner (CFP) website and share your requirements.
  • Navigate comparison websites for financial planning.
  • Explore individual financial planning websites to check their credibility and offerings.
  • Cross-check if the financial planners completed the CFP course and passed the CFP exam.
  • Check out social networking platforms like LinkedIn.
  • Get personal recommendations.

NOTE: Financial Advisors cannot operate in Florida without a proper license. Connect with PSR Assurance to get the best financial services for federal employees in Florida.

TSP account contribution limit in one financial year is $23,000. However, it is important to note that the contribution limit for the TSP account in a financial year is $69,000. 

It is vital to note that federal employees can lose their Agency Matching TSP contributions if the contribution to the account is maxed out before the year ends. 

To make equal payments and not lose any benefits from the TSP funds, employees need to contribute a minimum of $885 every pay cycle. 

Furthermore, federal employees over the age of 50 years can make an additional contribution of $7,500 to their TSP account in a financial year. 

Federal employees below the age of 59 and a half years will receive a stat penalty of 10% added to their income tax deduction from the TSP account if withdrawals are made before the threshold age.

Withdrawing money from the TSP account after separating from federal employment is called TSP distribution.

There are 4 different distribution options for your TSP account –

  1. Partial – You can keep a certain amount in the TSP account while withdrawing a specific sum based on your requirements. For partial distribution, the employee must withdraw a minimum of $1000.
  2. Complete – Complete distribution means withdrawing the entire savings within the TSP account. Once this type of distribution is processed, the TSP account balance becomes nil and the account becomes inactive.
  3. Annuity Purchase – Purchase annuities from partial or entire TSP funds. You will lose control of the TSP account if you use the entire fund to buy an annuity. However, if you allocate the funds partially, then you can still continue with the TSP account. Purchasing annuities ensures a lifetime of monthly payments to federal employees.
  4. Installments – With this option, federal employees can fully or partially allocate their funds to receive monthly, quarterly, or annual payments from their TSP savings. Moreover, employees can change their investment choices based on their requirements. 

Federal employees can visit the TSP government website or download the TSP mobile app to check the performance of their funds. 

The Thrift Savings Plan C fund witnessed the highest rates of return in 2024 followed by the Thrift Savings Plan I fund. Additionally, the Thrift Savings Plan S fund provided exceptional returns in the last financial year.

The Thrift Savings Plan G fund highlighted the lowest rates of return. 

Only the Thrift Savings Plan F fund rates were reduced to negative. 

A federal employee financial planner has the expertise and knowledge to guide you through the best government retirement plans based on your retirement goals.

Some of the noteworthy government investment plans include –

  1. Thrift Savings Plan
  2. Federal Employees’ Group Life Insurance (FEGLI)
  3. 457(b) Plan
  4. Social Security Benefits
  5. Federal Employees Health Benefits (FEHB)

Our areas of expertise include –

  1. Investment management
  2. Ensuring steady retirement income
  3. Maximizing retirement benefits
  4. Identifying a pre-tax or post-tax investment plan for your retirement
  5. Comparing the benefits of the Thrift Savings Plan and the 457(b) plan

Lowering the taxable income during retirement based on the comparison report

A financial planner analyzes risk factors and tax returns to formulate the best retirement strategies for you. They can actively support your wealth management portfolio by applying the following methods – 

  • Curates and stores all your financial information in one place 
  • Provides monthly, half-yearly, or annual investment aggregates 
  • Fetch the dynamics of portfolio performance 
  • Break down assets and compare individual funds 
  • Categorize, process, and store important financial information 
  • Make a pattern for spending and investing 
  • Optimize investment strategies to meet retirement goals

Provide financial reports any time upon request 

A Federal government employee inducted with the FEHB program helps to insure themselves and their family members for managing their healthcare needs post-retirement. 

Some of the signs that you are insured for your retirement indicate – 

  • Higher deductible risk protection 
  • Health savings with low-amount premiums 
  • International healthcare coverage under the FEHB plan 
  • When the government contributes 70% of the premium cost for the health insurance plan within the FEHB program 
  • Automatic premium conversions 

A financial advisor can not only help you to register for the FEHB program but also select the best health insurance plans based on your healthcare needs. 

Here are some of the best tips to roll over your TSP account into a Traditional or ROTH IRA account –

  • In-Kind Transfer 
  • Set up IRAs before rollover 
  • Liquidation of individual funds 

Two types of Rollovers are – 

  1. Direct Rollover – Broker to Broker 
  2. Indirect Rollover – TSP to person, Person to IRA Broker/Bank (TSP withholds 20% for federal income tax)

The following options enable you to save tax penalties while rolling over your TSP account – 

  1. Traditional TSP rollover to Traditional IRA
  2. Roth TSP rollover to Roth IRA