Benchmark Financial Group Blog
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Properly Preparing for Your Retirement to Avoid Delays
In January 2021, the Office of Personnel Management retirement backlog hit a new high, rising to 37%. It is typical for many employees to retire towards the end of the calendar year to maximize their benefits. However, the backlog didn’t surge due to an overwhelming number of people electing for retirement. Instead, it was the fact that fewer...
With all the recent changes, what financial impacts can be expected?
Throughout the last year and even in the previous month, many changes have happened economically and politically. You may be wondering how your retirement plans or financial health could be affected. Change is inevitable, but it can present opportunities as well. Let’s take a look at some historical statistics that might ease your worries as well...
Curious what your income will look like once you retire?
You’re not alone, and with retirement being around the corner, it’s time to take a closer look at the numbers. You’ve worked your whole life to get here, and you may be wondering if your financial situation will significantly change once you decide to leave the workforce behind. It might ease your mind if you knew how all the numbers break down....
Rethinking Your Long-Term Retirement Plan
As we continue to evaluate the impact of the coronavirus epidemic, you might find yourself reconsidering your retirement plan. The following answers to common questions can help to point you in the right direction, but remember that this is just general information. Should I sell investments? Generally speaking, it’s probably not necessary to...
Using Your TSP to Cope with Economic Uncertainty
With so much uncertainty regarding both the economy and personal finances at this time, you might wonder if you should take advantage of the opportunity to access funds in your Thrift Savings Account. You can take a hardship withdrawal or loan from your TSP. Many of us are facing challenges at this time, either due to interrupted income, sudden...
Benchmark Financial Group, LLC
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