You’ve defined your financial goals, established an investment strategy, and begun the journey toward retirement. But along the way, change is inevitable. Life events, market volatility, and updates to laws or regulations can all affect your plans. Conducting an annual review of your federal benefits helps ensure you stay aligned with your long-term objectives.
Make Sure Your Plan Keeps Pace With Life
Personal milestones can significantly influence your financial picture. Marriage, children, or other family changes may require adjustments such as updating beneficiaries or setting up education savings like a 529 plan. Less welcome events, such as illness or disability, can also prompt a closer look at insurance coverage, estate plans, and overall risk tolerance. These situations may signal the need to reassess your Thrift Savings Plan (TSP) allocations as well.
Keep Your Goals in Sync With Your Lifestyle
Perhaps 2026 is the year you purchase a new vehicle, invest in a boat, or take on another major expense. The key question is how those decisions fit into your long-term plan and cash flow. On the other hand, paying off a mortgage may free up additional resources that can be redirected toward savings or investments. An annual financial review provides a clear snapshot of your progress, including TSP performance, so you can make informed, proactive adjustments.
Knowledge Brings Confidence
Not everyone feels comfortable navigating the complexities of financial planning and federal benefits, and that’s completely normal. An annual review offers the opportunity to work with a knowledgeable professional who can break down complicated topics. This includes staying current on tax law changes that may affect deductions or future liabilities, as well as understanding market trends that could help manage risk and protect your retirement strategy.
Strengthening the Relationship
Open communication is the foundation of effective financial planning. Regular conversations with your advisor build trust and ensure they fully understand your unique federal benefits and how to coordinate them for sustainable retirement income. Take a moment to connect with a Federal Retirement Consultant (FRC®) and schedule an annual checkup on your financial well-being.
