Age 60 + Federal Pension + $1M Saved: The 5 Decisions Most People Get Wrong

Federal retirement planning at 60: if you're a year or two from retiring from federal service with a FERS pension, Social Security, and about $1M saved in your TSP, here are 5 decisions to make before you retire — so you stop asking "Am I okay?" and start building the retirement you actually want.

This covers income order, TSP taxes and RMDs, Roth conversions, FEHB and Medicare timing, and IRMAA — gaps many federal employees miss before retiring.

Apply for a Retirement Consultation: https://perspectivefunnel.co/682642d22275ec003bfa6626/691df07396253e003c42b434/?ps_hello=

THE 5 DECISIONS
Your numbers look fine — but you still don't feel okay. That's the gap we're closing.

1) Income order — You've got three engines: your FERS pension, Social Security, and TSP. The pension turns on the day you retire. Social Security has a filing window from 62 to 70 — thousands of dollars a month for life. TSP is the lever you control. The real question: which do you draw from first, and which do you let grow?

2) Taxes & RMDs — Required minimum distributions start between age 73 and 75 (depending on your birth year) from your Traditional TSP, IRA, and 401(k). They land on top of your pension and Social Security, which can push you into a higher bracket in retirement. The years before then are your Roth conversion / sequencing window. And IRMAA is a real Medicare surcharge that hits about two years later.

3) Healthcare — FEHB is gold and stays with you in retirement. Medicare enters at 65: do you take Part B, skip it, or coordinate with FEHB? Miss the enrollment window and there's a late-enrollment penalty. Decide before the deadline, not after.

4) Investments — You're shifting from accumulation to distribution. The portfolio that got you here often isn't the one that should carry you through retirement. Rethink risk and your TSP fund mix so a bad market doesn't force you to sell at the wrong time.

5) Purpose — Plan what you're retiring TO, not just what you're retiring from. We've seen federal employees retire with $1M and go back to work in six months — no Monday-morning plan. Money is half the equation; structure, identity, and what's on your calendar are the other half.

WHAT TO DO THIS MONTH: Lock your exact retirement date. Run three tax pictures (year one, when Social Security starts, when TSP/IRA withdrawals begin — and how much to withhold). Map your income order. Make the FEHB + Medicare call early. Write down your first 90 days on a calendar, not a spreadsheet. Do it intentionally, not perfectly.

CHAPTERS
0:00 Age 60, a Federal Pension, and $1M Saved — What Comes Next?
0:27 Your Numbers Look Fine but Still Feel Unclear
0:38 Decision 1 — Your Federal Retirement Income Order (Pension, SS, TSP)
1:46 Decision 2 — TSP Taxes, RMDs, Roth Conversions & IRMAA
2:46 Decision 3 — FEHB, Medicare Part B & Healthcare Timing
3:34 Decision 4 — Shifting From Accumulation to Distribution
5:38 Decision 5 — Planning What You're Retiring To
6:19 What to Do This Month Before You Retire
6:42 Apply for a Federal Retirement Consultation

MORE RESOURCES
Federal Retirement Guidebook: https://cdfinancial.org/being-a-federal-employee-book/
Take the Checklist Challenge: https://cdfinancial.org/checklist-challenge/
Weekly Federal Retirement Planning Newsletter: https://cdfinancial.com/newsletter
OPM Retirement Center: https://www.opm.gov/retirement-center/
OPM FERS Information: https://www.opm.gov/retirement-center/fers-information/
Social Security Full Retirement Age: https://www.ssa.gov/retirement/full-retirement-age
Medicare Late Enrollment Penalties: https://www.medicare.gov/basics/costs/medicare-costs/avoid-penalties

WHO WE ARE
CD Financial helps federal employees and retirees make smarter retirement decisions around FERS, TSP, FEHB, Medicare, survivor benefits, and retirement income planning. Our mission: help federal employees retire with more clarity, confidence, and peace of mind. Subscribe for practical federal retirement planning content designed to help you understand your benefits, avoid common planning gaps, and prepare for your next chapter.

DISCLAIMER
This video is for educational purposes only and is not financial, legal, tax, healthcare, or investment advice. Federal retirement decisions depend on your individual service history, agency records, health coverage, survivor needs, income goals, and personal circumstances. Always consult qualified professionals and review official OPM guidance before making retirement elections.
Advisory services are offered through CD Financial LLC dba CD Financial, an Investment Adviser in the State of California. Insurance products and services are offered through CD Financial & Insurance Services LLC, an affiliated company. Opinions expressed are solely those of CD Financial. Information herein is derived from sources believed to be reliable but is not guaranteed as to accuracy or completeness.

#FederalRetirement #FERSRetirement #FederalEmployees #RetirementPlanning