How to Maximize Your Federal Benefits | Wealthwise with Maggi Ep 8

Federal employees have valuable retirement benefits, but understanding how pensions, the Thrift Savings Plan, Social Security, health insurance, survivor benefits, taxes, and Medicare work together can be challenging. In this episode of Wealthwise with Bobby Maggi, cohost Tony Shore, and federal benefits specialist Kirk Agius, the conversation focuses on common benefit questions federal employees face and why planning before retirement can make such a difference. They discuss traditional and Roth TSP options, employer matching, investment choices inside the TSP, keeping federal health benefits in retirement, estimating pension income, survivor benefit decisions, and the importance of understanding what your retirement income could actually look like before choosing a retirement date. Timestamps 00:02 - Welcome to Wealthwise and Meet Kirk Agius 02:37 - Why Federal Benefits Can Be So Confusing 04:53 - A Federal Employee Retirement Success Story 06:50 - The Three Major Federal Retirement Benefits 09:13 - Pensions, Survivor Benefits, and Retirement Planning 10:50 - Understanding the TSP and Roth TSP 13:30 - Getting the Full TSP Match 15:09 - Choosing Investments Inside the TSP 18:28 - What a Federal Benefits Analysis Can Show You 19:58 - Federal Health Benefits and Medicare 22:21 - Preparing for a Federal Retirement Consultation 📞 Have questions? Need advice? Contact Bobby Maggi at Maggi Tax to set up a consultation today! 👉 Call us at 833-624-4482 �� Visit us at www.maggitax.com Don't forget to subscribe to our YouTube channel for more financial tips and insights! Let us know your thoughts on the topics discussed or give us any feedback to make the future episodes better! #WealthwiseWithMaggi #MaggiTax #RetirementPlanning #TaxPlanning #FinancialPlanning #RetirementIncome #SocialSecurityPlanning #EstatePlanning #WealthManagement #TampaBay