1 / 10

Presented By:

Federal Leave & Earnings Statement. Presented By:. 3. F. E. Foundation for Financial Education. www.f3eonline.org | sharon@f3eonline.org | 240-499-0390. How to interpret your statement line by line. What do all the letters stand for? Locality Pay GS Pay Scale

deion
Download Presentation

Presented By:

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FederalLeave & Earnings Statement Presented By: 3 F E Foundation for Financial Education www.f3eonline.org | sharon@f3eonline.org | 240-499-0390

  2. How to interpret your statement line by line • What do all the letters stand for? • Locality Pay • GS Pay Scale • Default options for benefits • Service computations date • Breaks in service

  3. NOTES

  4. Selecting the proper options for benefits • Federal Health Insurance • Active and Retired • Long Term Care • Short and Long Term Disability • FEGLI • TSP options and allocations • SBP and Retirement Planning

  5. NOTES

  6. Managing your Tax withholdings • Refund vs. owing the IRS • W9 allows for changes in withholding • Estimated additional payments • Choosing number of exemptions • Trying to break even • Saving your tax refund monthly and investing it over the long term

  7. NOTES

  8. Where does all my money go?? • Maxing your TSP? • Social Security & Medicare • State & Federal Tax With Holdings • Insurance, Insurance, Insurance • TSP Loans

  9. NOTES

  10. Hidden opportunities within your paycheck • Bi-weekly pay vs. Monthly • Roth vs. Regular TSP • Catch-up • Alternatives to DI, LTC & FEGLI • 20yr pension bump-secrets to social security • Maximizing your tax bracket

More Related